- Vietnam Chamber authorized to issue ATA Carnets
- Starting May 1, the Vietnam Chamber of Commerce and Industry will become the 78th guaranteeing association member of the ATA guarantee chain
- The ATA Carnet is an international customs document that allows for the duty- and tax-free temporary import of goods for up to one year
- Use of the ATA carnet system will be timely as Vietnam hosts the 31st Southeast Asian Games, as well as trade and tourism exhibitions, in May
Starting May 1, the Vietnam Chamber of Commerce and Industry (VCCI) will become the 78th guaranteeing association member of the ATA guarantee chain as the country implements the ATA carnet system.
This was announced on April 27 by the International Chamber of Commerce World Customs Federation.
The ATA Carnet is an international customs document that allows for the duty- and tax-free temporary import of goods for up to one year. Carnets are particularly useful for businesses wanting to temporarily import professional equipment for projects and events, provide samples to customers or exhibit at trade fairs. They improve opportunities for businesses by reducing customs procedures and minimizing heavy deposits.
Vietnam is hosting the 31st Southeast Asian Games in Hanoi this May and the ATA carnet system will facilitate Customs clearance of goods and equipment for trade exhibitions, fairs and business meetings that will coincide with the Games.
The ATA system is an integral part of the temporary admission conventions of the World Customs Organization, namely the ATA Convention and the Convention on Temporary Admission (the Istanbul Convention).
The goods are covered by a single document known as the ATA carnet that is secured by an international guarantee system. “ATA” is a combination of acronyms of the French words “Admission Temporaire” and the English words “Temporary Admission”.
ATA carnets will be accepted by the Customs of Vietnam under the WCO Istanbul Convention and its Annexes A (Temporary Admission documents) and B1 (concerning goods for display or use at exhibitions, fairs, meetings or similar events).
ATA carnets will not be accepted for transit or postal traffic.