E-customs system benefits businesses

After one year of application, the Vietnam Automated Cargo and Port Consolidated System/Vietnam Customs Information System (VNACCS/VCIS) has greatly benefited enterprises, especially in saving time for customs clearance, reported the Vietnam Customs.
After one year of application, the Vietnam Automated Cargo and PortConsolidated System/Vietnam Customs Information System (VNACCS/VCIS) hasgreatly benefited enterprises, especially in saving time for customsclearance, reported the Vietnam Customs.

Data collected atSaigon Port Customs Sub-Department under the Ho Chi Minh City CustomsDepartment in October last year showed that it took 3 seconds averagelyto register for customs declaration via VACCS system, and 34 hours tocomplete all customs clearance procedures for imports, a 18 percentreduction compared to 2013’s figure of 42 hours.

Meanwhile, enterprises spent an average 6 hours for registering andreceiving customs declaration for exports, a decrease of 58 percent over2013’s duration of 16 hours.

According to the VietnamCustoms, one of the breakthroughs of the system is the application ofinformation technology in tax collection with the electronic payment viabanks.

Currently, 19 commercial banks have contracted with the Vietnam Customs in electronic tax collection and the number is rising.

The VNACCS/VCIS has also created a foundation for the building of anational “one-stop-shop” mechanism that is expected to bring long-termbenefit to enterprises.

The system has now been connectedto the Vietnam Customs’ system and is scheduled to be linked with theMinistries of Health, Agriculture and Rural Development and NaturalResources and Environment in June.

The Vietnam Customsalso reported that as of March 15, the VNACCS/VCIS, launched in April 1,2014 as part of a project funded by Japan , has attracted theengagement of 53,200 enterprises. The system helped processed 6.3million customs declarations with total import-export value of 256.2billion USD.-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.