VN adopts its product industrial classification
VGP - The PM has recently signed Decision 39/2010/QĐ-TTg promulgating the system of Vietnamese products in order to meet the boom of new products.
The products to be listed in the system include material and service products, which are also divided into main and auxiliary products as well as production services.
Each product sector will be granted with a parent-child code in a continuous order. Unclassified products and production services will be encoded with the number 9.
The Ministry of Planning and Investment said that the classification system is constructed in conformity with the international Central Product Classification (CPC Ver.2), the Statistical Classification of Products by Activity in the European Economic Community (CPA 2008), and the Harmonized Commodity Description and Coding System (HS 2007).
Level 1 covers 21 product sectors encoded alphabetically from A to U (including products of agriculture, forestry and fishing; mining; manufactured products)
Level 2 consists of 88 sectors bearing two-digit codes in line with their respective level-1 sectors;
Level 3 includes 234 sectors bearing three-digit codes in line with their respective level-2 sectors;
Level 4: 411 sectors bearing four-digit codes in line with their respective level-3 sectors;
Level 5: 587 sectors bearing five-digit codes in line with their respective level-4 sectors;
Level 6: 1,406 sectors bearing six-digit codes in line with their respective level-5 sectors;
Level 7: 2,898 sectors bearing seven-digit codes in line with their respective level-6 sectors.
By Trinh Nguyen