Vietnam Import Export
14
Aug
Vietnam Customs deploy 42 administrative procedure online

From 01st Feb 2018, the General Department of Customs will deploy 42 administrative procedures on the Public Online Services System at https://pus.customs.gov.vn

As a result, 168 out of 173 customs administrative procedures are provided with minimum level 3 through IT systems of the General Department of Customs included : VNACCS / VCIS, Electronic Payment Gateway, national and public information system.

Foreign Direct Investment
14
Aug
FDI disbursements up 10% in five months
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Foreign Investment Agency (FIA) statistics revealed that the Foreign Direct investment (FDI) in Vietnam disbursements rose 10 per cent year-on-year to US$6.75 billion in the first five months of 2018.

From January to May, FDI pledged in Vietnam totaled about $7.15 billion, an annual reduction of 31 per cent. Statistics also showed foreign investors had injected their capital in 17 industries and fields during the same period. The manufacturing and processing sectors attracted the lion’s share of FDI with $5.18 billion, accounting for 52 per cent of total investments.

Vietnam Import Export
25
Jan
The HCM City customs targets to cut half time in clearance by end 2018

This year, it would continue to create favorable conditions for businesses, especially by reducing customs clearance time by 50 per cent.  Now it takes 70 hours to clear export goods and 90 hours for imports.  To achieve its target, the department would continue with administrative reform, improving e-government services such as Vietnam Automated Cargo and Port Consolidated System/Vietnam Customs Information System and facilities such as online tax payment through banks and the Treasury for customs clearance.

Vietnam Import Export
22
Jan
Vietnam’s with FTAs: Boon or Bane?
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Vietnamese enterprises can either adapt and move up the global supply chain, or stand by while imported goods flood the country’s market while 2018 brings newer and bigger free trade agreements (FTAs). As from MoIT information, from 2018 onward, 85 per cent of Vietnamese exports will be subject to significantly lowered tariff levels of zero to 5 per cent.