Vantage News

Vantage Logistics is Ready to Assist our Clients on Self-issuing Certificate of Origin

Posted on by adminnam

Self-issue Certificate of Origin (self-issue C/O) has become a new trend in the process of international economic integration of Vietnam.

Self-issue C/O is no longer unfamiliar for developed economies, but it is still in the pilot stage for developing economies like Vietnam and some ASEAN members before being applied as a formal mechanism, which will be used paralelly with current popular C/O issuing mechanism. 

The outstanding advantage of self-issue C/O is the proactiveness: the proactiveness in term of time, cost and human resources in the process of completing documents for export/import. 

According this new mechanism, instead of applying for C/O to agencies authorized by the Ministry of Industry and Trade (MoIT),  Vietnam enterprise now can self-issue certificates of origin for their own goods. This improvement can increase enterprise’s reputation to foreign business partners as well as saving time, cost, human resources, etc, therefore increasing the competitiveness of products which will be exported to markets where Vietnam/ASEAN already had FTA.

In order to implement this mechanism, Vietnam enterprises need to be fully equipped with knowledge about the FTAs, export-import activities, especially the rules of origin and HS code which are applied to each export product, so that the determination of the origin of goods can be most accurate, avoiding negative effects on granting of preferential tariffs in countries importing goods from Vietnam. 

We are ready to assist our clients on self-issuing C/O

With the mission of providing the best service quality and supportiveness to our clients, Vantage’s staffs constantly improve our professional skill, especially knowledge in export-import field as well as updates on law and regulations of Vietnam Government. 
Our staffs had completed the training course on self-issuing C/O under ATIGA which held by the  Ho Chi Minh City International Integration Support Center (CIIS).

This is a marvelous training course in providing: in-depth knowledges related to rules of origin of goods and its importance in FTAs, specific regulations and guidelines on procedures for self-issue C/O form D under ATIGA which are stipulated in Circular 28/2015/TT-BCT dated 28/08/2015 and Circular 27/2017/TT-BCT dated 06/12/2017 by MoIT; information about self-issue C/O mechanism  for beneficiary countries within the framework of the Generalized System of Preferences (GSP); typical examples and comparisons about the rules of origin of some FTAs, as well as practices and guidelines on applying the rules of origin under ATIGA to enjoy tariff preferences.

If you have any concern about self-issue C/O in Vietnam or need more related advices, please contact our Customs Broker Expert: Ms.Theresa/Email: theresa-vn@vantage-logistics.com.vn

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