Among the major trading partners of Vietnam we must mention the UK. Since the UKVFTA took effect, the volume of imports and exports between Vietnam and the UK has increased significantly and expanded to many fields. Vietnamese goods to the UK in 2021 reached more than 5.7 billion USD, up 16% over the previous year. And imports from the UK also increased 24%, reaching 900 million USD. one of the main products Vietnam exports to the UK is iron and steel. How to expoprt iron and steel from Vitenam to UK?

With the introduction of UKVFTA the amount of iron and steel exported from Vietnam to the UK has increased impressively, 13 times after 1 year. Iron and steel have become one of Vietnam’s main export products, bringing great economic value. In Vietnam, there are many big iron and steel manufacturers and exporters such as: Pomina, Việt Mỹ, Thái Nguyên, Hoa Phat, Vite Nhat,…  in general, large manufacturing are distributed throughout Vietnam, but most of the factories are located in the north of Vietnam. south, so this item will be exported mainly from Hai Phong port.

PROCEDURE EXPORT IRON AND STEEL FROM VIETNAM TO UK

Iron and steel products are not on the list of goods banned from export. Moreover, this is also the goods that receives many tax incentives as well as export policies of both Vietnam and the UK. Iron and steel are applied the following tax rates:

• VAT: 0%
• Exporting tax: 0%

About HS code, you can refer to some HS code as follows:

• Iron and non-alloy steel in ingots or other raw forms : HS code of 7206
• Ingot form with HS code of 720610
• Iron and steel with a carbon content of more than 0.6% by weight have HS code of 72061010
• Iron or non-alloy steel in semi-finished form. HS code is 7207

Documentation for exporting iron and steel

• Sales contract
• Commercial Invoice
• Packing List
• Bill of lading
• C/O form B, C/O form AK, C/O form D,…
• Custom declaration sheet

DELIVERY IRON AND STEEL CARGO FROM VIETNAM TO UK

To export steel and iron cargo from Vietnam to UK, we can use both air and sea lines.

for airline, this is the fastest option, with transit times as short as 3-5 days. It will be the best option for urgent cargo, cargo with small volume of require special condition for delivery. However, our consignment will be subject to customs and security checks, which lengthens the overall travel time.

For ocean line, this may be better option due to cheaper rate and comfortable for more types of commodity. Shipping by sea line can use container 20 and 40, but if your cargo is smaller, LCL service is more economical method. However, ocean service has transit time much longer than air service. In fact, Steel and iron usually ship with big volume, so sea mode seem to be better option.

Main ports of Vietnam:

Port Name: Ho Chi Minh City – Port code: VNSGN

Port Name: Haiphong- Port code: VNHPH

Port Name: Danang- Port code: VNDAD

Port Name: Quinhon- Port code: VNUIH

Haiphong and Hochiminh is the 2 main port of Vietnam with a huge cargo import and export each year

Main ports of UK:

Port name: GREENOCK – Port code: GBGRK

Port name: Liverpool- Port code: GBLIV

Port name: SOUTHAMPTON- Port code: GBSOU

Port name: LONDON- Port code: GBLON

How long for delivery from Vietnam to UK?

Due to the fact that demand for exporting cargo to US is so high, almost lines provide service with both direct and transit service. With direct service, the vessel will call to other port before arrive destination, but no change the vessel during the journeys. With transit service, our cargo will discharge at transit port, then load into other vessel ( mother vessel) to port of discharging. Transit port may be: Kaohsiung- TWKHH, Singapore – SGSIN,… Normally, direct service will be better with short transit time and less risk.

You can see transit time for some routes as below:

HCM-GRK:  around 41 days

HPH—GRK: around 52 days

HPH-LIV: around 48 days

HCM- LIV: around 45 days

HPH-SOU: around 40 days

HCM-SOU: around 30 days

In peak seasons or in covid-19 situation, the transit time may be fluctuated and increase.

SM Vietnam Global Logistics can provide all service for exporting cargo from Vietnam to US with competitive rate and best service. If you have any question, don’t hesitate to contact to us.