Customs sector urged to further cut procedure time

The customs sector should build on the positive outcomes in the past two years and further reduce procedure processing time, an official told a workshop in Hanoi on August 11.
Customs sector urged to further cut procedure time ảnh 1Illustrative image (Source: VNA)

The customs sector should build on the positive outcomes in the past two years and further reduce procedure processing time, an official told a workshop in Hanoi on August 11, adding that a one-day reduction in customs clearance time in cross-border trade could save the economy more than 1 billion USD per year. 

According to the World Bank, Vietnam ranked 75 th out of 189 economies in the cross-border trade index which reflects levels of facilitation for import-export activities via sea routes last year. Within the Association of Southeast Asian Nations (ASEAN), Vietnam was placed only higher than Laos (156 th ), Cambodia (124 th ) and Myanmar (103 rd ). 

Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM), called on the customs sector to provide all possible support for businesses, given only one-hour delays in administrative procedures could result in merchandise sitting at ports for additional days. 

Under the second Resolution issued by the government in March, the two goals set for 2015-2016 include improving the business climate and simplifying administrative procedures. 

It also set the target that Vietnam achieves the ASEAN-6 and ASEAN-4 averages in improving the business environment by 2015 and 2016, respectively. 

Cung said the goals are feasible if drastic actions are undertaken. 

Counter to his view, Vice President of the Vietnam Association of Small and Medium Enterprises Nguyen Van Than said the goal of achieving the ASEAN-4 level by 2016 is overly ambitious. 

Vu Ngoc Anh, Deputy Director General of the General Department of Vietnam Customs, said the sector has streamlined procedures and coordinate with ministries and agencies in adjusting regulations in order to connect with the e-customs portal. 

He also called for more drastic action and closer coordination among ministries and sectors along the way up to meeting ASEAN-4 standards. 

The workshop was hosted by the Government Portal.-VNA

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.