According to Clause 10, Article 4 of the 2014 Customs Law, a bonded warehouse is a designated storage area where:
• Goods that have completed customs procedures are stored while awaiting export.
• Goods from abroad are stored while awaiting re-export to another country or import into Vietnam.
Locations Where Bonded Warehouses Can Be Established:
Bonded warehouses may be established in the following areas:
• Provinces and centrally governed cities that serve as key trade hubs between Vietnam and other countries, with favorable conditions for import-export transportation.
• Industrial zones, high-tech zones, export processing zones, and other special economic zones (collectively referred to as industrial zones).
Customs Management of Bonded Warehouses:
All goods, and transportation vehicles entering, exiting, or stored within bonded warehouses must undergo customs procedures and be subject to inspection and supervision by customs authorities.