Amending foreign trade development measures

On February 07, 2024, the Government issues Decree No. 14/2024/ND-CP on amending and supplementing several articles of the Decree No. 28/2018/ND-CP of March 1, 2018, detailing several articles of the Law on Foreign Trade Management regarding foreign trade development measures.

Some important contents is prescribed in the Decree 14 as follows:

A foreign trade-promotion organization wishing to establish a Vietnam-based representative office shall send 1 dossier of application for a license for the establishment of a Vietnam-based representative office to the provincial-level Department of Industry and Trade (the licensing agency) of the locality where the representative office is expected to be located.

Amending foreign trade development measures

Within 20 days of receiving a complete dossier, the licensing agency shall consider it and grant to the foreign trade promotion organization a license for the establishment of the representative office.

If refusing to grant a license, the licensing agency shall issue a written reply, clearly stating the reason. In case it is required to consult the Ministry of Public Security and/or Ministry of National Defense under Clause 8 of this Article, the time limit for granting a license is 40 days after the receipt of a complete dossier.”.

After granting to a foreign trade-promotion organization a license for establishment of Vietnam-based representative office, the licensing agency shall send an electronic license to the Ministry of Industry and Trade, Ministry of National Defense, Ministry of Public Security, provincial-level Departments of Industry and Trade nationwide, and provincial-level agencies of the locality where the representative office is located,  including the provincial-level People’s Committee, tax office, statistics office and Public Security agency, and publish such on the licensing agency’s website.”.

The Decision takes effect on March 25, 2024.
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