The rise of small and medium enterprises (SMEs) in Vietnam marks a significant milestone in the country's entrepreneurial landscape. These SMEs, now integral to economic growth and job creation, are exploring new horizons beyond domestic markets through international shipping.
The pivotal role of SMEs in Vietnam's economy is evident in a 2021 report released by the Ministry of Planning and Investment Portal. The report states that of the 800,000 enterprises operating in Vietnam, SMEs account for 97%. These SMEs contribute to 45% of the GDP, provide 31% of total budget revenue, and employ more than five million individuals.
These SMEs, now integral to economic growth and job creation, have already been exploring new horizons beyond domestic markets through international shipping. However, venturing into overseas shipping can be complex, with challenges ranging from understanding customs regulations to managing logistics and tracking shipments. This guide aims to simplify these complexities, offering small businesses and SMEs in Vietnam a roadmap to successful, cost-effective international delivery.
1. Understanding the basics of international shipping
International shipping involves transporting goods from one country to another, encompassing several procedures. Each step is integral to successful overseas shipments, from packaging and labelling the goods accurately to preparing the necessary documentation for customs clearance in Vietnam as well as the destination country. Some of the essential documents required for export as well as import clearance include (but are not limited to):
Air waybill
Commercial invoices
Other supporting documents if required by local authorities
2. Selecting the shipping method most suited for your business
In considering your shipping method, the type of delivery service is a key factor. The freight forwarding method may offer some initial cost savings, but responsibility for the initial and final delivery falls on the shipper and receiver respectively, and so there may be itemised costs for pick up, airport handling, customs clearance and delivery etc. For freight forwarding, transit times may take up to a week in air freight and up to 50 days in sea freight, while capabilities like door-to-door service and shipment tracking may not be available in all cases.
Express delivery and door-to-door, notably for air shipping, is often a preferred choice for businesses needing to transport important, time-sensitive goods. Statistics reported on Meteor Space indicates a strong preference among overseas business partners and end consumers for faster deliveries. Catering to this demand, many logistics companies, including DHL Express, offer a variety of time-definite options, catering to varying timelines and budgets, helping SMEs meet their commitments promptly.