Want to be in the loop?
subscribe to
our notification
Business News
E-CUSTOMS SYSTEM HELPFUL TO BUSINESSES: SURVEY
Au Anh Tuan, Deputy Director of the General Department of Vietnam Customs’ Customs Control and Supervision Management Department, revealed the information at a meeting to garner businesses’ feedback on the system in Hanoi on November 3.
The survey was conducted on about 500 companies operating in different industries like processing, manufacturing and logistics to learn about hindrances to the implementation of the Vietnam Automated Cargo and Port Consolidated System and the Vietnam Customs Information System (VNACCS/VCIS), he said.
A representative of the Brother Industries (Vietnam) Co. Ltd, based in the Phuc Dien Industrial Park in northern Hai Duong province, said since the VNACCS/VCIS was applied 18 months ago, it has taken only a few seconds for the firm to fill in a customs declaration form and receive the result, instead of about two minutes previously. The system has helped the company save 6,213 minutes and US$12,660 per month.
Meanwhile, some enterprises pointed out flaws in the VNACCS/VCIS regarding declaration forms which have some sections that do not ask for accurate corresponding information or need more space for filling.
The General Department of Vietnam Customs said it will take temporary measures to deal with the shortcomings, adding that the full system needs to be put into use and added with more functions so as to thoroughly address the problems.
The VNACCS/VCIS, worth nearly JPY2.7 billion (US$21.2 million) funded by the Japanese Government, ran in all 34 provincial and municipal customs departments across Vietnam from June 30, 2014.
The consultation meeting was held by the general department, the Japan International Cooperation Agency, and the USAID Governance for Inclusive Growth programme.
Source: VIR
Related News
CAR IMPORTS INCREASE 37.5 PER CENT IN 10 MONTHS
Việt Nam mainly imported cars from Indonesia, with 57,963 units imported so far this year (19,569 units higher than over the same period last year). Imports also came from Thailand, with 54,481 units (7,535 units higher than last year) and China, with 24,613 units (16,112 more than last year).
HAIPHONG TARGETS US$4 BILLION IN FDI FOR 2024
Haiphong recently approved 12 new projects in its economic and industrial zones, valued at a combined US$1.8 billion. This brings the total FDI in these zones to US$3.5 billion as of November, surpassing the city’s annual target by 40%.
FOREIGN INVESTORS FLOCKING TO SOUTHERN REGION
Foreign investors are actively calling on southern localities in the final months of 2024 to explore investment opportunities. On November 7, over 40 German businesses arrived in the southern province of Dong Nai to evaluate investment prospects in the area.
IMPROVING THE EFFECTIVENESS OF SOCIAL POLICY CREDIT
Following a decade of implementation, social policy credit is expected to enter a new phase of development to achieve higher efficiency for the sake of society and the community. On behalf of the Party Central Secretariat, on October 30, Standing Member of the Party Secretariat Tran Cam Tu signed a directive to improve the efficiency of social policy credit.
VIETNAMESE ENTERPRISES GRAPPLE WITH CHALLENGES IN Q3
In many sectors, businesses acknowledged that simply breaking even was an accomplishment this year. A prominent example is Nam Sông Hậu Trading Investment Petroleum JSC, once a leading fuel distributor in the Mekong Delta.
GLOBAL SOURCING FAIR VIETNAM 2025
Global Sourcing Fair Vietnam 2025, held from 24-26 April at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, is the must-attend international expo for sourcing Fashion & Accessories and Home & Gifts