The decree revised several provisions in Decree No. 14 of 2018, stipulating that from January 1, 2029, border residents must be present when cross-border buying and selling and exchanging goods. The new policy means that from 2030, Vietnam will stop small quota exports to the Chinese market.
At the same time, Decree No. 122 also adjusted the payment method for border trade, and cash payment is only applicable to transactions of border residents.
In addition, all cross-border traded goods must meet the legal standards, quality and traceability requirements of the importing country. This series of reforms will further standardize Vietnam's border trade activities and strengthen the management and control of import and export businesses.
