The Foreign Trade Management Law, No. 05/2017/QH14, passed in June 2017 brings provisions regarding import/export, trade and anti-dumping into law for the first time including the following:

 Self – Protection in Import of Foreign Goods into Vietnam No. 42/2002/PL-UBTVQH10; Ordinance on Against Dumping of Imported Goods into Vietnam No. 20/2004/PL-UBTVQH11; Ordinance on Measures Against Subsidized Goods Imported into Vietnam No. 22/2004/PL-UBTVQH11; and Articles 28.3, Article 29.3, Article 30.3, Articles 31, 33, 242, 243, 244, 245,  247 of Law on Commercial No. 36/2005/QH11.

In addition, the Foreign Trade Management Law has brought into law the following new provisions such that foreign businesses without a presence in Vietnam, organizations and individuals from countries or territories that are members of the World Trade Organization or countries with bilateral agreements with Vietnam are entitled to export or import goods under Vietnamese law and international treaties to which Vietnam is a member.

It is hoped that these changes will improve Vietnam’s competitiveness.

The Foreign Trade Management Law took effect on 01 January 2018 and revokes provisions of the Commercial Law No. 26/2005/QH11 as well as the Ordinances above.