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VIETNAM: New Sale and Procurement Guidelines Effective as of January 2017

New guidelines for the sale and procurement of goods are to be introduced as of 1 January 2017. The new requirements specify the obligations of both buyers and sellers with regard to the quality of goods, the quantity of goods and the exact payment terms, as well as the delivery schedule and any associated costs.

The guidelines apply to a wide range of goods, including equipment and raw materials. They are also equally applicable to both domestic and overseas companies.

Content provided by Picture: HKTDC Research
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