Re-export Agency Service

When learning about international trade knowledge, there is confusion between the concepts of transshipment trade and transit trade. The question is whether transshipment trade is transit trade. The best answer explains that transshipment trade is a trade where goods are resold through a third country, and merchants in the third country participate in the buying and selling; transit trade is the trade of goods from one country passing through the territory of another country to a third country, where the transit country only provides the transportation channel. There is an essential difference between the two.

Engaging in transit trade business, asking whether transit trade requires customs declaration, and if so, the specific process and differences from regular trade customs declaration. The best answer states that transit trade requires customs declaration, involving preparing commercial invoices and other documents before goods arrive at the transit port, followed by declaration by a freight forwarder or customs broker after arrival, providing accurate information. The distinction from regular trade is that goods are not substantially processed, and document handling may require additional contracts or other materials.

Researching international trade and want to understand if Vietnam is a transshipment trade country. It is known that Vietnam's manufacturing industry is developing rapidly and it has many ports. The best answer states that Vietnam can be considered a transshipment trade country due to its advantageous geographical location, excellent ports, government support for trade development, a large number of foreign-invested enterprises engaged in related businesses, and a significant volume of goods processed simply and re-exported annually. However, there is still room for improvement compared to traditional transshipment trade countries.