After more than 4 years of implementation, the Ministry of Industry and Trade has conducted a review and assessment of the implementation of Circular No. 22/2019/TT-BCT regulating the temporary suspension of transit business and temporary import of plywood into Vietnam for re-export to the United States.

Based on the results of the summary and assessment of the implementation of Circular No. 22/2019/TT-BCT dated November 12, 2019 of the Minister of Industry and Trade, on October 8, 2024, the Ministry of Industry and Trade issued Circular No. 17/2024/TT-BCT amending and supplementing a number of articles of Circular No. 22/2019/TT-BCT dated November 12, 2019 of the Minister of Industry and Trade regulating the temporary suspension of transit business and temporary import of plywood into Vietnam for re-export to the United States with the purpose of: (i) Avoiding legal loopholes when Circular No. 22/2019/TT-BCT expires; (ii) Improving the effectiveness of forest management and forest product management not only for Vietnam, but also for countries in the region, in accordance with international regulations that Vietnam has participated in; At the same time, protect plywood products and Vietnamese plywood manufacturing enterprises in the domestic market from unfair competition by foreign enterprises, aiming at sustainable export goals; (iii) Strengthen the management of plywood exports to the United States, minimizing the risk that the United States may apply further tightening measures on Vietnamese plywood exports; (iv) Prevent commercial fraud on the origin of goods, illegal transshipment, leading to the risk of the United States investigating and applying tightening management measures on plywood exports of enterprises in Vietnam, negatively affecting domestic production and especially affecting the interests of enterprises; (v) Promote the development of production and export of Vietnamese plywood products.

Circular No. 17/2024/TT-BCT mentioned above stipulates the effective period of Circular No. 22/2019/TT-BCT regulating the temporary suspension of transit business and temporary import of plywood into Vietnam for re-export to the United States from December 27, 2019 to December 31, 2029.

Circular No. 17/2024/TT-BCT takes effect from November 25, 2024.

Details of the Circular see here .