Looking for a fast and reliable freight forwarder to ship your items from Singapore to Vietnam? M&P International Freights offers the best prices and most efficient shipping services for you.
Read on to find out more about the types of goods permitted for shipping from Singapore to Vietnam and the types of shipping methods available!
Singapore has become Vietnam’s largest trading partner in ASEAN and 6th in the world, some of the most commonly shipped items from Singapore to Vietnam include
- Electronic equipment
- Mineral fuels
To import to Vietnam, there are 2 crucial documents that you’ll need to obtain from the Department of Planning and Investment (DPI):
- Investment license
- Business registration certificate
Do note that the process of getting these 2 documents can take up to 3 months, hence it’s important to complete the registration promptly.
Furthermore, if you’re planning to sell your goods directly to consumers in Vietnam, you’re also required to register for a trading license. This process can take up to 6 – 12 weeks to obtain and you can apply for it after the incorporation of your business.
No taxes will be levied on goods exported from Singapore.
However, most goods imported to Vietnam are subject to duty. The import tax rates differ according to the type of goods – consumer goods are typically subject to higher tax rates as compared to machinery and raw materials used in production.
The import tax is categorised into 3 different schemes:
- Preferential tax rates
- Special preferential tax rates
- Ordinary tax rates
In addition to import duty, goods brought into Vietnam are also subject to value-added tax (VAT)
|VAT tax rate||Examples of goods this rate applies to|
|0%||Machinery that is unable to be produced in Vietnam and any other teaching and vocational training as provided for by law, humanitarian aid, etc.|
|5%||Medical equipment, sugar, special-purpose machinery and materials required for agricultural purposes, clean water, fresh and live food, etc.|
|10%||Standard VAT rate imposed on other goods non-eligible for 0% or 5% VAT|
Certain goods are also subject to the special consumption tax (SCT) and environmental protection tax (EPT).
Less than container load (LCL)
The less than container load (LCL) mode of shipment is often used when a shipper does not have enough goods to fill the entire container. In this scenario, the carrier engaged will coordinate and arrange for other cargo to fill up the container before it’s shipped out.
This is a cost-effective option but do expect delays when there are insufficient shipments to fill up the container.
Full container load (FCL)
The FCL option is ideal for bulk items and large-volume products. The shipment process is often quicker with less general handling involved.
Freight forwarders will handle all the necessary paperwork to obtain customs clearance.
They’ll also work with the appropriate carriers to ship your goods safely to your desired destination.
Freight forwarders are well-equipped with the right tools to handle your goods with maximum care.
Apart from providing cargo insurance, they also have efficient tracking systems for you to keep track of the status of your shipment.
Having 15 years of experience in the industry, M&P has devoted resources to acquiring state-of-the-art equipment and tools in order to be able to provide our valued customers with the best service.
We’ve also established strong partnerships with various shipping ports and carriers. Hence, we’re hence confident in ensuring a smooth and efficient shipment of your goods.
How long does it take to ship from Singapore to Vietnam?
A shipment from Singapore to Vietnam typically takes 2-3 business days via air freight and 5-7 business days via sea freight.
How much is shipping from Singapore to Vietnam?
The cost of shipping will differ according to the type of shipping method chosen.
The sea freight rates will determine the cost of shipping your goods via sea. On the other hand, air freight costs will be calculated by multiplying the air freight rate by the actual or volume weight of your goods.
Contact us today for an accurate shipping quote!
What is the cheapest way to shop from Singapore to Vietnam?
If you’re transporting large amounts of goods, sea freight would be a more cost-effective method.
You may opt for air freight if you’re only shipping small amounts of items.