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🇻🇳 Socialist Republic of Vietnam

Russia Trade Contract with Vietnam

Import and export of goods and services with Vietnam — a bilingual EN/RU contract for the bank and customs, compliant with 173-FZ, ready in 5 minutes

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Which contract fits working with Vietnam

Four contract types — for any deal structure with a Vietnamese partner

Trade specifics with Vietnam

Key terms to reflect in the contract with a Vietnamese company

Companies in Vietnam

The main legal forms are Công ty TNHH (LLC — limited liability company) and Công ty Cổ phần (joint-stock company). The key identifier is the MST (Mã số thuế), a tax identification number of 10–13 digits. You can verify a company through masothue.com.vn or Vietnam's tax authority portal.

TNHH · MST · registry

Vietnam and CISG

Vietnam acceded to the Vienna Convention (CISG) in 2016. For a contract of sale of goods, CISG applies automatically unless otherwise specified. To exclude it, state this explicitly in the "Governing Law" section.

CISG · 2016

Ports and Incoterms

Main ports: Ho Chi Minh City (Cát Lái) — the largest container port in the south, and Hai Phong — in the north. The most common delivery basis is FOB Ho Chi Minh or FOB Hai Phong. CIF is used when freight and insurance are included in the contract price.

FOB · Ho Chi Minh · Hai Phong

Settlement currency

The Vietnamese dong (VND) is rarely used in foreign trade contracts due to limited convertibility. Check with your bank for the current settlement options with Vietnam — routes may run through correspondent banks in third countries.

VND · currency

Questions about trade contracts with Vietnam

Answers to the most common questions

You can verify a Vietnamese company using its MST (Mã số thuế) — tax identification number. The data is available on the masothue.com.vn portal or through Vietnam's tax authority. Include the MST in the contract under the foreign party's details.
Yes. Under 173-FZ, the Russian bank reviews the contract for every payment. For contracts over 3 million RUB, it is registered with the bank and assigned a unique registration number. The contract must include Incoterms, payment terms, and both parties' details — our template covers everything required.
FOB Ho Chi Minh or FOB Hai Phong is the most common option: the Vietnamese side delivers the goods onto the vessel, and the buyer pays freight and insurance to the Russian port. CIF is used when the seller includes delivery costs in the contract price. EXW is possible for self-pickup from the warehouse.
Yes. Vietnam acceded to CISG in 2016, and the convention entered into force for the country on January 1, 2017. Unless the contract states otherwise, CISG applies automatically to international contracts for the sale of goods. If you want to exclude it, state the applicable national law explicitly.
Payment routes to Vietnam are subject to change — check with your bank for current routes and available currencies. The Vietnamese dong (VND) is rarely used in international settlements. Include in the contract the actual bank details of both parties, confirmed with the bank before signing.

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Russia Trade Contract with Vietnam: A Practical Guide

Vietnamese companies: identification and verification

The key identifier of a Vietnamese company is the MST (Mã số thuế), a tax number of 10–13 digits. It is assigned upon registration and appears in all official documents — the equivalent of a Russian INN. You can verify a company's status through the masothue.com.vn portal. Include the MST in the contract's details section.

CISG: Vietnam acceded in 2016

Vietnam ratified the Vienna Convention on Contracts for the International Sale of Goods (CISG) in 2015; the convention entered into force on January 1, 2017. Unlike the UAE, CISG applies automatically when entering into a contract of sale of goods with a Vietnamese company. If you want to exclude CISG or choose a different governing law, state this explicitly.

Port infrastructure

Vietnam has an extensive port network. The largest container ports are: Cát Lái (Ho Chi Minh City) — handling over 70% of the country's container throughput; Hai Phong — the main gateway to northern Vietnam; Da Nang — serving the central region; Vung Tau — an oil and container terminal. Air cargo moves through Tan Son Nhat (SGN) and Noi Bai (HAN) airports.

Structure of Russia–Vietnam trade

Imports from Vietnam to Russia: electronics and components (Vietnam's largest export sector — Samsung and Intel operate in Vietnam), clothing and footwear, seafood (shrimp, fish, squid), coffee (Vietnam is the world's second-largest coffee exporter), natural rubber, furniture and wood products, fruits and vegetables. Exports from Russia to Vietnam: fertilizers (Vietnam is a major consumer), metals, petrochemical products, wheat. Russia and Vietnam have a Free Trade Agreement under the EAEU (since 2016).

EAEU–Vietnam Free Trade Area

The Free Trade Agreement between the EAEU and Vietnam has been in effect since 2016. It provides for reduced or zero duties on a wide range of goods, subject to rules of origin. When exporting to Vietnam, check with your customs broker whether preferential rates apply to your goods.