Importing machinery is the activity of buying and selling goods and services from abroad to Vietnam in the form of international trade. Machinery is one of the important imported goods, playing an essential role in industrial production, agriculture, services, etc. Importing machinery helps businesses access advanced technology and improve labor productivity. dynamic, reducing production costs and increasing competitiveness in the market.
Why is Importing Machinery Important?
Improve productivity and production quality
Modern imported machines are often equipped with advanced technology and high automation, helping to improve production efficiency. Minimize errors and ensure consistent product quality. Compared with old machinery or manual production, imported machinery can:
- Increase production speed: Automated machinery can operate continuously at high speed, mass-producing products in a short time.
- Improved accuracy: Machines are programmed with high precision, helping to minimize errors and ensure consistent product quality.
- Minimize waste: Modern machinery can optimize material usage, minimize waste, and save production costs.
Cost savings
Although the initial investment cost for imported machinery may be higher than for old machinery or manual production, it is not in the long run. Businesses will save a lot of costs thanks to:
- Reduce labor costs: Automated machinery can replace manual labor, helping businesses save on labor costs.
- Reduce repair costs: Imported machinery is often highly durable, less damaged, and requires less repair than old machinery.
- Improve energy efficiency: Modern machinery is often designed to save energy, helping businesses reduce electricity and water costs.
Enhance competitiveness in the market
Enterprises using modern imported machinery can:
- Producing high-quality products: Modern machinery helps businesses produce high-quality products, meeting the increasing demands of the market.
- Quickly respond to market needs: Automated machinery helps businesses mass produce products in a short time. Respond quickly to market needs.
- Enhance competitiveness: Businesses using modern machinery will have a competitive advantage over businesses using old machinery or manual production.
Machine import process
Market research
This is the first and most important step in the machine import process. Businesses need to identify market needs, choose reputable suppliers, and find out prices. Product quality.
- Determine market demand: Businesses need to research the market to determine the need for what type of machinery, how much, what quality, etc. This helps businesses choose the right type of machinery to suit their needs. your production and business needs.
- Choosing a reputable supplier: Businesses need to search for information about reputable machinery suppliers in the domestic and foreign markets. Priority should be given to choosing suppliers with long-term experience, high-quality products, and competitive prices.
- Find out prices and product quality: Businesses need to compare prices and product quality of different suppliers before making a purchasing decision. You should ask the supplier to provide complete information about the product. Including technical specifications, quality certification documents,…
Carry out procedures to apply for an import license
Enterprises need to apply for a machine import license according to Vietnamese law. Depending on the type of machinery that businesses need to import. Licensing procedures may vary.
- Machinery is on the list of restricted imported goods: Enterprises need to apply for an import license issued by the Ministry of Industry and Trade.
- Machinery is on the list of conditional imported goods: Enterprises need to apply for an import license due to. Issued by the Ministry of Industry and Trade or specialized management agencies, depending on the type of machinery.
- Machinery is on the list of freely imported goods: Enterprises do not need to apply for an import license.
Sign the sales contract
A sales contract is an important legal document that clearly states information about the machinery purchase and sale transaction between the two parties. The sales contract must clearly state the following information:
- Product name: Exact name of the type of machinery to be imported.
- Quantity: Number of machines to be imported.
- Price: The selling price of each unit of machinery.
- Payment conditions: Payment method, payment term,…
- Delivery time: The time the supplier delivers the goods to the business.
- Responsibilities of both parties: Responsibilities of the supplier and the business in implementing the contract.
Open customs declarations
Enterprises need to declare fully and accurately information about imported goods on customs declarations. The customs declaration includes the following information:
- Information about the importer: Name, address, and tax code of the importing enterprise.
- Information about goods: Product name, quantity, CIF value, HS code, country of origin,…
- Information about means of transport: Name of means of transport, flight/ship number,…
- Information about the sales contract: Contract number, contract signing date,…
Payment of goods
The enterprise pays the supplier according to the payment method stated in the sales contract. Common payment methods include:
- Cash payment: The business transfers cash to the supplier.
- Payment by bank transfer: Businesses transfer money to suppliers via banks.
- Payment by L/C (Letter of Credit): Businesses open L/C at the bank to pay suppliers.
Note when importing machinery
Some risks when importing machinery
- Businesses may buy fake, counterfeit, or poor-quality goods.
- Businesses may encounter difficulties in applying for import licenses.
- Businesses may face exchange rate risks.
- Businesses may face risks when transporting goods.
- Businesses may face risks of commercial disputes.
Solutions to minimize risks when importing machinery
- Businesses need to thoroughly research the market and choose reputable suppliers.
- Businesses need to use the services of reputable import consulting companies.
- Enterprises need to buy risk insurance for machine import activities.
- Enterprises need to comply with legal regulations on importing machines
VNATECH – A reputable Importing machinery address in Vietnam
VNATECH’s Importing machinery services include
- Searching for sources of goods: VNATECH has a team of experienced staff and a wide network of partners around the world, helping customers find sources of high-quality machinery at competitive prices.
- Consulting on machine selection: VNATECH advises customers on choosing machines that suit their needs and budget.
- Ordering and importing: VNATECH carries out all procedures for ordering and importing machinery for customers, including finding suppliers, negotiating prices, signing contracts, transporting goods, and handling paperwork. customs clearance,…
- Installation and warranty: VNATECH provides machinery installation and warranty services for customers.
VNATECH commits
- Providing high quality, reputable machinery import services.
- Competitive and reasonable prices.
- Serve customers quickly and professionally.
- Enthusiastic staff, attentive.
Contact Info
VIETNAM TECHNOLOGY DEVELOPMENT AND TRANSFER JOINT STOCK COMPANY.
Office: VT09-BT02 – Xa La Urban Area – Ha Dong – Hanoi.
Tax code: 01 05 158 192
Website: https://vnatech.com.vn
Email: contact@vnatech.com.vn
Hotline: 0903 418 369 / 0977 550 085
Tel: 024 668 3 261 / 098 311 7863
