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Similarities and differences between FTZ free trade area and bonded warehouse

Similarities and differences between FTZ free trade area and bonded warehouse
A free trade zone (FTZ), also known as a free zone, is a state-defined free zone that foreign goods can bring, handle, processing, splitting, packaging, processing and processing without import and export tax.
Bonded warehouse is a warehouse with its own customs regime. Goods sent from abroad to this warehouse have not been considered as imported into the host country, and because the goods entering the bonded warehouse are not considered as entering Vietnam's customs territory, they are not subject to import tax. as well as other taxes and fees.
So, what are the differences between the free trade area and the bonded warehouse? Let's find out about this problem with Lec Group below!
Free trade zones (FTZs)
Free trade area (FTZ) is a special economic area. This is the geographical area where goods can be brought, processed, processed, split, packed, processed or processed according to specific customs regulations. Free trade zones are usually organized around major seaports, international airports, and national borders - areas with many commercial advantages.
Under FTZs' regulations, import and export duties are not required for foreign goods unless and until it enters the territory for domestic consumption. At that time, importers generally have the option of paying taxes at the level of foreign raw materials or finished products.
Some of the salient advantages of using FTZs include:
  • In FTZs, goods are not subject to import and export duties. Goods are only taxable when transferred to the area of ​​domestic consumer goods.
  • Export tax exemption when exporting goods from FTZs.
  • Improve compliance, track inventory and control quality.
  • Goods may be stored in FTZs indefinitely, whether or not subject to tax.

What are the similarities and differences between bonded warehouses and FTZs?
  • Variety: Goods in and out are under the control of the customs force.
  • Other: Free trade area is usually a large area, which consists of many businesses operating with different functions while the bonded department has a more limited area and is only owned by one enterprise property.





LEC Group tuyển dụng nhiều vị trí Quý 2/2022


LEC Group tuyển dụng nhiều vị trí



LEC GROUP tuyển dụng nhiều vị trí


Việt Nam Office

LEC Group

Tel: 0254. 3897 789

Hotline: (+84) 901 388 136 & (+84) 909 800 136


Head office: Road 4, Phu My 1 Industrial Zone, Phu My ward, Phu My Town, Ba Ria - Vung Tau, Vietnam

HCMC RO: The Galleria Metro 6 Building, 59 Hanoi Highway, Thao Dien Ward, District 2, Ho Chi Minh City

Northern Branch: Phuc Son Port, Dyke Road, Kim Luong, Kim Thanh, Hai Duong, Vietnam

Hanoi RO: C5 D'Capitale Vinhomes, 119 Tran Duy Hung St, Trung Hoa Ward, Cau Giay District, Hanoi, Vietnam
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Danang RO: No 6 Tran Phu Street, Thach Thang Ward, Hai Chau Dist, Danang, Vietnam

Indonesia Office

Mr. Richard Seth

LEC’s Representative in Indonesia
Hotline: (+62) 21- 30053614 & (+62) 815 9212190
Address: PT Indo Globex Worldwide , Axa Tower 45th Floor , Jl.Dr Satrio Kav 18, Jakarta Selatan 12940 Indonesia.

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Mr. Mike Raj

LEC's Singapore Representative
Hotline: (+00) 65 9018 4988.
Address: 6 Raffles Quay, Singapore 048580

Nhắn Tin
‎ ‎ Hotline Logistics - 0901 388 136
Hotline Năng Lượng - 0909 800 136