Peanuts are a great source of healthy fats. They contain a lot of energy and suitable lipids.
At the same time, this seed is also an input in peanut oil production. This oil is used a lot in cooking because of its advantages. They help improve heart health, prevent free radicals, and antioxidants.
Because of the benefits they bring, this market is very open to businesses that want to invest.
Suppose you are having difficulty in peanut sourcing. Read this article because we will give you the most accurate answer on how to import peanut from Vietnam.
The Origin Of Vietnamese peanut
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Peanuts belong to the legume family, are easy to grow, and bring high yield.
They are in the Red River Delta and some southern provinces such as Tra Vinh and Tay Ninh, with nearly 100,000 hectares.
Not only using whole seeds, but this agricultural product can also be ground and ground as a condiment. Besides, peanut oil also helps moisturize the skin, stimulates hair growth, and is very suitable for women and beauty lovers.
Peanut butter is also a product that many people like today due to its convenience. They are used with bread or salad to bring aroma and flavor to the dish.
Memory enhancement is the benefit of this nut because it contains vitamin B6.
At the same time, eating or consuming oil will help fight osteoporosis, lose weight, improve blood circulation, and reduce the risk of stroke.
In particular, they help limit cancer because they contain substances that inhibit tumor growth.
This benefit was in a US study that eating nuts reduced the risk of colon cancer in both men and women.
For pregnant women, this seed helps reduce the risk of congenital disabilities in the fetus because it contains folic acid when supplemented with 400 micrograms of this substance daily. That can help reduce the risk by up to 70%.
The Vietnamese have grown this product long ago, but it has only grown in recent years. Thanks to the advancement of science and technology and human research, varieties 1660, LVT, LO2,… have high adaptability and good yield.
This type of agricultural product currently brings an output of more than 500,000 tons (about 2% of the world). At the same time, the cultivated area reaches more than 200,000 hectares.
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The Current Peanut Market: Import Peanut From Vietnam
The market for importing peanuts from Vietnam includes Taiwan, China, Indonesia, Germany, Japan.
The yield of this seed is very high. In which, nearly 32% profit margin from it. Moreover, export activities contribute to more than 15% of export capital from the Vietnamese market.
Vietnam ranks 12th among peanut exporting countries in the world. To achieve this remarkable achievement is not possible without the improvement of the team of research experts to improve the quality and output.
They are grown in the mountains or plain. But besides onions, this product also becomes a source of wealth for people in the coastal areas of Vietnam.
They cost about 0.6-1USD/kg to import peanut from Vietnam. The price is quite reasonable compared to the quality it brings.
Groundnut is a potential agricultural product due to its many uses, relatively stable yield, and increasing trend. As such, this product is worth the future investment.
Shipping Process
The first thing on how to import peanut from Vietnam, businesses need to pay attention to the HS code of this product and the tax rate:
- Peanut seed with HS code: 12023000, import tax: 0%
- Whole peanut shell with HS code: 12024100, import tax: 10%
- Human peanut has HS code: 12024200, import tax: 10%
Next, you need to prepare all the procedures and documents according to the steps below:
Step 1: Check the quality
This step helps to ensure the quality of goods for both the supplier and the importer. This activity is a prerequisite for every import and export process.
Step 2: Verify
Like other agricultural products, the product must be preserved, sterilized, and quarantined to keep the best quality.
Step 3: Prepare documents
According to the Ministry of Finance regulations, enterprises need to prepare the following documents: Customs declaration, Contract, Commercial invoice, Bill of lading, Packing list.
Step 4: Prepare the vehicle
Like most other procedures for exporting goods, enterprises choose the right vehicle for agricultural products and time and negotiate between the parties involved.
Step 5: Customs declaration
In this step, the operation of the business is to fill in the declaration electronically or directly with the relevant documents for this procedure.
Step 6: Shipping and Importing
The vehicle in step 4 selected will continue to transport goods to the importing country.
The shipping line will hand over the product to the importer and complete the procedures with the related parties to finish this process.
About Vncomex
If you are interested in agricultural products such as peanuts from Vietnam and are looking for a company to support export activities, try Vncomex’s products.
We guarantee to provide import and export services at the most reasonable price. However, service quality always comes first with a professional attitude.
Moreover, we dedicate all the best and most scientific resources to serving you.
The company operates with the motto “Cooperation – Development” with full experience and skills in the industry.
We have done this with many companies in many countries around the world who want to import peanut from Vietnam. Up to 95% of our customers want to work with us in the future.
You need to provide business information and contact methods, and we will always listen and support you with the fastest time and speed.
Conclusion
You will not be too difficult in the process of learning about peanuts and importing after reading the above article. Moreover, we hope your business will choose the right agricultural products.
At the same time, if you have any questions or concerns, Vncomex is ready to answer them on how to import peanut from Vietnam.
We look forward to collaborating with your business in the future. We hope that you will have the right direction and success in your investment activities.
