x If your business is new to import-export activities, you need to learn what a C/O is?
x Shippers need to know what are the conditions to be issued a CO? What role does CO play in import-export?
x Do you want to know how the process and procedures for applying for a CO in import and export are carried out?
If you are wondering what CO is in import and export, please join with Proship.vn to get the most accurate answer. At the same time, through this you also know what the conditions for being issued CO are, which agency issues CO, what is the process for applying for CO,... and some other knowledge related to CO.
What is C/O? What are the granting conditions and roles in import and export?
In import-export activities, what is C/O and what conditions need to be met to be granted C/O? The answer is:
What is CO?
What is CO in import and export? CO (Certificate of Origin) is a certificate of origin issued by a competent authority in the exporting country for goods produced in that country. CO is required to comply with the regulations of the exporting country and the importing country.
Conditions for issuance of C/O
Conditions for applying for a C/O must satisfy one of two cases:
1. 100% of goods of pure origin must be harvested or produced in that country, group of countries or territory;
2. Goods of impure origin but meeting the following conditions:
- Goods with RVC and LVC indices must meet the satisfactory index according to the List of Specific Rules prescribed by the Ministry of Industry and Trade;
- The HS code of input materials must be different from the HS code of output finished products at the 4-digit level. This has also been regulated under the List of Product Specific Rules licensed by the Ministry of Industry and Trade.
Role of CO
The role of C/O is shown:
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- Trade statistics: CO helps countries determine the amount of import and export turnover of various goods;
- Enjoy preferential tariffs: CO helps businesses determine the incentives they will enjoy when exporting goods to other countries;
- Ensure international standards on labels and packaging;
- Promote trade between countries;
- Reduce dumping and price gouging: Thanks to determining the origin of each item, the State can determine exactly where the goods were produced, and can learn about price policies and related regulations when importing them. password.
What purpose is C/O used in import and export? Issued by which agency?
What is the purpose of CO in import and export and by which agency is it issued? Proship answered as follows:
Purpose of using CO
CO brings many benefits to buyers and sellers:
- For buyers and sellers: Conditions for completing many customs procedures, so that goods are eligible for export to foreign markets.
- For the State: Monitor trade statistics, apply appropriate support policies.
CO issuing agency
There are two agencies with authority to issue CO in Vietnam:
- Ministry of Industry and Trade: The Ministry of Industry and Trade has the right to issue CO forms A, D and C according to the agreement between the Governments.
- VCCI (Vietnam Chamber Of Commerce and Industry) - Vietnam Chamber of Industry and Commerce: Issuing remaining CO forms or CO forms authorized by the Ministry of Industry and Trade.
How many common C/O forms are there? What is the difference between preferential C/O and non-preferential C/O?
Proship lists CO models and shows the difference between preferential CO and non-preferential CO:
Some common CO models
Some popular C/O forms include:
- C/O form D: Paper issued by the competent authority of the exporting country for goods exported to ASEAN countries.
- C/O form AANZ: Preferential C/O provided for goods from ASEAN countries, Australia and New Zealand.
- C/O form AK: Certificate of origin of goods exported to Korea and member countries of the ASEAN association.
- C/O form AI: Preferential C/O issued for Vietnamese goods exported to India and member countries of the AIFTA Multilateral Trade Agreement.
- C/O form AJ: Preferential C/O is issued for goods originating in Vietnam exported to Japan along with member countries in the ACCEP multilateral trade agreement.
- C/O form E: Issued under the framework agreement on comprehensive economic cooperation between ASEAN and China (ACFTA).
- C/O form AHK: Applicable to goods imported and exported to Hong Kong (China) and ASEAN countries.
- RCEP sample C/O: C/O of the Regional Comprehensive Economic Partnership Agreement (RCEP).
- C/O form CPTPP: Preferential C/O issued for Vietnamese goods exported to member countries in the CPTPP Agreement.
- C/O form VK: Preferential C/O is issued for goods originating in Vietnam exported to Korea.
- C/O form VJ: C/O frequently used in commercial transactions between Vietnam and Japan.
- C/O form VC: C/O certifying origin with preferential tariffs in the multilateral trade agreement of ASEAN and China.
- C/O form VN–CU: Issued for Vietnamese goods exported to Cuba.
- C/O form S: Used for goods exported to Laos.
Compare preferential CO and non-preferential CO
The difference between preferential CO and non-preferential CO is shown in the following table:
| CRITERIA | CO OFFER | CO DOES NOT OFFER |
| Purpose | Certificate of origin and preferential tariffs | Only certificate of origin |
| Applicable subjects | Goods originating from countries/groups of countries enjoy preferential treatment | All types of goods |
| Issuing agency | Depending on the type of CO and trade agreement | Vietnam Chamber of Commerce and Industry (VCCI) |
| Grant procedures | More complicated, requires more documents | More simple |
| Benefit | Reduce import taxes, increase competitiveness | Prove the origin of goods |
Current process of C/O issuance procedures
What is CO in import and export has been answered... The following is the procedure for applying for CO:
Step 1: Register trader profile (if applying for CO issuance for the first time)
Some documents submitted when customers first apply for a CO include:
- Trader seal and signature sample registration of the person authorized to sign the application for issuance of CO;
- Business license;
- Tax code registration certificate (notarized copy);
- List of factories and workshops.
Step 2: After receiving the application, officials will receive and check the information
Officials will resend information in a number of cases:
- Receive a CO and clearly state the time of issuance;
- Suggest sender additional documents;
- Sender is requested to re-check documents for errors and missing information;
- In some cases, CO issuance will be refused according to legal regulations.
Step 3: Return the CO certificate of origin
What is CO in import and export , what is the purpose of using CO, what are the procedures for applying for CO, what conditions are needed to be granted CO,... are related contents that have been conveyed by Proship Logistics. Businesses and shippers who do not have much experience or are just participating in import-export activities for the first time need to update immediately or contact 0909 344 247 for answers and advice on complete Multimodal shipping solutions. best price package.
