Business conditions numerous and cumbersome: CIEM

Business conditions numerous and cumbersome: CIEM

Major hurdles must be overcome to simplify and streamline regulations governing economic activities, according to the latest report by the Central Institute of Economic Management (CIEM).
Prime Minister chairs seminar with Chinese businesses

Prime Minister chairs seminar with Chinese businesses

Prime Minister Pham Minh Chinh on May 14 chaired a seminar with representatives from 19 Chinese groups specialising in green economy and digital economy.
Vietnam charts vision for sustainable, modern fisheries

Vietnam charts vision for sustainable, modern fisheries

Vietnam aims to have a sustainable and modern fishery sector by 2050, with maritime and inland waters biodiversity preserved and local livelihoods improved.
Vietnam becomes fastest growing digital economy in ASEAN: HSBC

Vietnam becomes fastest growing digital economy in ASEAN: HSBC

Vietnam was the fastest growing digital economy in ASEAN in 2022 and 2023 and it is expected to maintain this position until 2025, with the number of smartphones users anticipated to reach 67.3 million by 2026, accounting for 96.9% Internet users.
Maintain fiscal policy to "open the way" for the economy in 2024

Maintain fiscal policy to "open the way" for the economy in 2024

VCN - According to Dr. Can Van Luc, member of the National Financial and Monetary Policy Advisory Council (as picture), to maintain high and sustainable growth momentum in the next 1-2 years, the Government still needs to continue to prioritize fiscal pol
Key economic pillars show positive growth

Key economic pillars show positive growth

Vietnam's economy has gone through one-third of the 2024 yearly plan and achieved some remarkable results, showing clear recovery momentum through the growth of important pillars.
Human resources training takes centre stage to develop e-commerce

Human resources training takes centre stage to develop e-commerce

Training human resources in e-commerce is among focuses in plans on e-commerce development for 2024 of many localities, according to the Vietnam E-commerce and Digital Economic Agency under the Ministry of Industry and Trade (MoIT).
Customs revenue rises thanks to 3 imported groups

Customs revenue rises thanks to 3 imported groups

VCN - The economy in the first four months of 2024 is showing positive signs when import-export activities recover strongly, pushing up the trade turnover. In particular, both exports and imports recorded strong growth in many groups, contributing signifi
Customs deploys 132 full-online public services

Customs deploys 132 full-online public services

VNC - Of the 214 administrative procedures carried out by the Customs agency, there are 132 full-online public services.
Vietnam Customs directs to follow the progress of aviation projects closely

Vietnam Customs directs to follow the progress of aviation projects closely

The General Department of Vietnam Customs directs to follow the progress of project on building and expanding passenger and cargo terminals at international airports closely
Proposal to continue reducing VAT by 2% to support people and businesses

Proposal to continue reducing VAT by 2% to support people and businesses

The Government has just submitted a proposal to the National Assembly for consideration, allowing to the continued implementation of the policy of reducing the VAT rate by 2% in the last 6 months of 2024
Research and correct customs supervision processes at international airports

Research and correct customs supervision processes at international airports

GDVC has drafted a decision to amend Decision No. 3280/QD-TCHQ dated September 30, 2016 on the inspection and supervision process for luggage of people on exit and entry

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Output simultaneously increased, many ports reported profits

Output simultaneously increased, many ports reported profits

VCN - Data from the General Statistics Office shows that the import and export situation of goods has improved positively in the first quarter of 2024 with total import and export turnover reaching 178.04 billion USD, an increase of 15.5% over the same pe
Business conditions numerous and cumbersome: CIEM

Business conditions numerous and cumbersome: CIEM

Major hurdles must be overcome to simplify and streamline regulations governing economic activities, according to the latest report by the Central Institute of Economic Management (CIEM).
The Việt Nam Import-Export Report to be released Thursday

The Việt Nam Import-Export Report to be released Thursday

The annual trade publication by the MoIT gives an overview of the import-export picture for the whole year
Banks raise interest rates to attract depositors

Banks raise interest rates to attract depositors

Many banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount at the banking system has declined for the first time after 25 consecutive month increase.
Prime Minister chairs seminar with Chinese businesses

Prime Minister chairs seminar with Chinese businesses

Prime Minister Pham Minh Chinh on May 14 chaired a seminar with representatives from 19 Chinese groups specialising in green economy and digital economy.
Talkshow: "Customs technology and the Next Generation of Customs Professionals"

Talkshow: "Customs technology and the Next Generation of Customs Professionals"

Good morning ladies and gentlemen, in the current period, the application of modern technology and digital transformation is one of the top priorities of the Government of Vietnam. In the Customs sector, Decision 628/QD-TTg dated 20/5/2022 of the Prime Minister approving the Customs strategy by 2030 sets the goal of completing Digital Customs by 2025. According, to develop digital Customs and smart Customs models, Vietnam Customs needs to apply new and smart technologies from customs administrations of advanced countries in the world.
Detecting 4.2kg of cocaine in the soles of slippers, the bottom of suitcases  transported by air

Detecting 4.2kg of cocaine in the soles of slippers, the bottom of suitcases transported by air

On June 1, 2023, Noi Bai International Airport Customs Branch discovered suspicious signs in the luggage of a passenger on a flight from Dubai to Noi Bai International Airport.
Vietnam Customs uses new uniforms  from April 1, 2022

Vietnam Customs uses new uniforms from April 1, 2022

According to the provisions of Decree No. 02/ND-CP dated January 7, 2021 of the Government on traditional flags, pennants and symbols, customs insignia, badges, nameplates, insignia, uniforms, customs identification and typical signs of means of customs patrol, control and supervision, from April 1, 2022, Vietnam Customs uses new uniforms.
Recommend businesses to use free customs declaration software

Recommend businesses to use free customs declaration software

The General Department of Vietnam Customs has just recommended businesses to the use of free customs declaration software to declare document from April 1, 2022.
The 389 National Steering Committees strengthen the fight against smuggling of tobacco and sugar products

The 389 National Steering Committees strengthen the fight against smuggling of tobacco and sugar products

Standing Deputy Prime Minister Pham Binh Minh, Head of the 389 National Steering Committees, has just directed the Ministry of Public Security and the 389 Steering Committees of the provinces and centrally-run cities, and the Standing Office of the 389 National Steering Committees on national security issues. anti-smuggling and trade fraud for tobacco and sugar products.
Ha Nam Ninh Customs Department promotes dialogue and removes difficulties for enterprises

Ha Nam Ninh Customs Department promotes dialogue and removes difficulties for enterprises

VCN – On May 10, Ha Nam Ninh Customs Department Customs- Business dialogue conference with more 130 processing enterprises in three provinces of Ha Nam, Nam Dinh and Ninh Binh to remove difficulties in implementing Customs policies and regulations.
Deputy Director General Nguyen Van Tho works with FedEx leader

Deputy Director General Nguyen Van Tho works with FedEx leader

VCN – On May 10, Deputy Director General of the General Department of Vietnam Customs (GDVC) Nguyen Van Tho had a meeting with the delegation of FedEx Express Delivery Company, led by Mr. Choo Pin Ang, Executive Director of AMEA Government Affairs .
Customs revenue rises thanks to 3 imported groups

Customs revenue rises thanks to 3 imported groups

VCN - The economy in the first four months of 2024 is showing positive signs when import-export activities recover strongly, pushing up the trade turnover. In particular, both exports and imports recorded strong growth in many groups, contributing signifi
Quang Ninh Customs promotes development of Customs broker

Quang Ninh Customs promotes development of Customs broker

VCN - On April 24, Quang Ninh Customs Department organized a Customs-Business dialogue conference to discuss solutions to promote border import-export activities and develop customs brokers in the province in 2024.
Customs deploys 132 full-online public services

Customs deploys 132 full-online public services

VNC - Of the 214 administrative procedures carried out by the Customs agency, there are 132 full-online public services.
Vietnam Customs directs to follow the progress of aviation projects closely

Vietnam Customs directs to follow the progress of aviation projects closely

The General Department of Vietnam Customs directs to follow the progress of project on building and expanding passenger and cargo terminals at international airports closely
Post-Customs Clearance Audit Department contributes 90% of entire customs sector’s revenue

Post-Customs Clearance Audit Department contributes 90% of entire customs sector’s revenue

VCN - As of April, the Post-Customs Clearance Audit Department alone contributed 90% of the entire Customs sector’s revenue.
Hai Phong Customs collects more than VND6,200 billion in April

Hai Phong Customs collects more than VND6,200 billion in April

VCN - April is the month with the highest budget revenue of Hai Phong Customs Department in the first four months of the year.
Da Nang: 8 businesses participate in the pilot program of import-export support

Da Nang: 8 businesses participate in the pilot program of import-export support

Da Nang Customs Department held a signing ceremony to participate in the Pilot Program on supporting and encouraging businesses to participate in export and import activities in Da Nang city.
Hai Phong: Budget revenue reached more than VND40,000 billion

Hai Phong: Budget revenue reached more than VND40,000 billion

The results of Hai Phong City's revenue collection achieved a good growth rate, expected to reach hundreds of trillion VND for the third consecutive year.
Price adjustment should be in implemented in appropriate time to control inflation

Price adjustment should be in implemented in appropriate time to control inflation

VCN – The increase in base salary, deposit interest rates, exchange rates and gold prices, and adjustment of prices of public services and State-managed goods are “threats” in price management and inflation control from now until the end of the year. However, Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance (Academy of Finance), these are not too big impacts, it is necessary to monitor and calculate the appropriate time and level.
Fiscal policy is expanded and flexible to promote economic growth 2024

Fiscal policy is expanded and flexible to promote economic growth 2024

Recently, Ministry of Finance has proactively researched and submitted to competent authorities as well as issued financial support policies for the economy, with a total of about VND700 trillion.
Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

Ministry of Finance will continue to coordinate with other ministries to closely monitor the actual situation and forecast the situation of socio-economic development to propose support solutions on taxes and fees
Prevent corruption and group interests in developing financial laws

Prevent corruption and group interests in developing financial laws

VCN - Accordingly, the Ministry of Finance directs the units to strengthen discipline in formulating and promulgating legal documents, strictly implement Regulation No. 69-QD/TW dated July 6, 2022 of the Politburo on disciplining organizations and party m
"Creativity in revenue collection to achieve set goals in difficult contexts"

"Creativity in revenue collection to achieve set goals in difficult contexts"

The Ministry of Finance held an online briefing conference to evaluate the implementation of financial, budget and revenue collection work in April and deploy the work program for May 2024
Strive to effectively implement Global Minimum Tax in Vietnam

Strive to effectively implement Global Minimum Tax in Vietnam

VCN - The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and the International Tax and Investment Center (ITIC) held an international workshop themed “Pillar 2 Global Minimum Tax Implementation in Vietnam” on May 7.
State Treasury raises over $890 million  worth of G-bonds in April

State Treasury raises over $890 million worth of G-bonds in April

The State Treasury mobilised nearly VNĐ22.75 trillion (US$894.52 million) worth of Government bonds in April via 17 auctions on the Hanoi Stock Exchange (HNX).
State expenditure in the first four months of 2024 reaches VND522.2 trillion

State expenditure in the first four months of 2024 reaches VND522.2 trillion

VCN - The Ministry of Finance said that the total state expenditure in April is estimated at VND138.4 trillion. In the first 4 months of the year, the state expenditure increases
Businesses and people expect VAT cut extension to be approved

Businesses and people expect VAT cut extension to be approved

People and businesses are looking forward to the Government's proposal on extending VAT reduction in the last six months being considered and approved by the National Assembly.
Proposal to continue reducing VAT by 2% to support people and businesses

Proposal to continue reducing VAT by 2% to support people and businesses

The Government has just submitted a proposal to the National Assembly for consideration, allowing to the continued implementation of the policy of reducing the VAT rate by 2% in the last 6 months of 2024
Research and correct customs supervision processes at international airports

Research and correct customs supervision processes at international airports

GDVC has drafted a decision to amend Decision No. 3280/QD-TCHQ dated September 30, 2016 on the inspection and supervision process for luggage of people on exit and entry
Small, low-value items imported on e-commerce platforms should be taxed

Small, low-value items imported on e-commerce platforms should be taxed

Millions of packages of small, low-value items that are crossing the border into Vietnam daily should be subjected to VAT, special consumption and environmental taxes, according to industry experts and domestic e-commerce sellers.
Customs finds difficulties because there is no e-cigarette management policy

Customs finds difficulties because there is no e-cigarette management policy

VCN - E-cigarette products are invading and being used more and more commonly in our country, especially among young people, teenagers, and students. Meanwhile, there is currently no management policy for this item, making it difficult for Customs to determine violations and apply sanctions.
Are goods imported on-spot for export production eligible for tax refund?

Are goods imported on-spot for export production eligible for tax refund?

That is a problem of the Binh Duong Customs Department related to the process of handling tax refunds for goods imported to produce exported goods and exported by Thai Binh Investment Joint Stock Company.
Risk prevention solutions for export processing and production enterprises

Risk prevention solutions for export processing and production enterprises

VCN - Identifying common errors to comply with regulations, prevent risks, and limit mistakes arising in preparing final settlement reports is an issue which many export processing and production enterprises concern.
Conditions for price reduction of imported goods

Conditions for price reduction of imported goods

VCN - The GDVC cites Point d, Clause 2, Article 15 of Circular 39/2015/TT-BTC stipulating discount, discount conditions, documents, declaration procedures, and application for price discount.
Circular 83/2014/TT-BTC will be abolished from June 8

Circular 83/2014/TT-BTC will be abolished from June 8

VCN - Accordingly, Circular 25/2024/TT-BTC abolishes Circular 83/2014/TT-BTC.
Establishing a "shell corporation" to transport drugs across the border

Establishing a "shell corporation" to transport drugs across the border

The transnational drug related crime situation continues to have many complicated developments. Notably, subjects sought to set up "shell corporation" to illegally produce and transport drugs.
Establishing a "shell corporation" to transport drugs across border

Establishing a "shell corporation" to transport drugs across border

The transnational drug crime situation continues to have many complicated developments. Notably, subjects sought to set up "shell corporation" to illegally produce and transport drugs.
Strengthening fight against smuggling, illegal cross-border transportation of goods

Strengthening fight against smuggling, illegal cross-border transportation of goods

VCN - The Ministry of Finance is requesting the General Department of Customs and the General Department of Taxation to strengthen inspection, supervision, and prevention of smuggling, trade fraud, and illegal transportation of goods across the border.
Prevent outbreaks of "dirty" food

Prevent outbreaks of "dirty" food

VCN - In recent times, Ho Chi Minh City authorities have discovered and arrested many cases of transporting and storing food that does not ensure food hygiene and safety.
Many company directors arrested for illegal invoice trading

Many company directors arrested for illegal invoice trading

VCN - According to HCM City Police, regarding to the illegal trading ring of VAT invoices, the Police authority of District 10 has just prosecuted and arrested 11 more suspects, including many company directors.
Launching Demeter X Operation about hazardous scrap and waste prevention

Launching Demeter X Operation about hazardous scrap and waste prevention

The leader of General Department of Vietnam Customs directed the Anti-smuggling and Investigation Department and local customs departments to focus on launching the Demeter X Operation
Strictly control and combat gold smuggling

Strictly control and combat gold smuggling

VCN - Following the Prime Minister's direction at the meeting on gold market management solutions and the State Bank's proposal on implementing the Prime Minister's direction in gold market management, the GDVC requests local customs departments to smooth
How to handle over 1,600 containers of meat, bone powder and animal feed stored at the port?

How to handle over 1,600 containers of meat, bone powder and animal feed stored at the port?

HCM City Customs Department reviewed and proposed a plan to handle over 1,600 containers of imported meat and bone powder and animal feed being stored at HCM City ports.
Forcibly deducting deposits/blocking accounts for 5 businesses owing tax debt

Forcibly deducting deposits/blocking accounts for 5 businesses owing tax debt

Huu Nghi Customs Branch (Lang Son Customs Department) has just issued some enforcement decisions by taking money from accounts/blocking accounts.
Output simultaneously increased, many ports reported profits

Output simultaneously increased, many ports reported profits

VCN - Data from the General Statistics Office shows that the import and export situation of goods has improved positively in the first quarter of 2024 with total import and export turnover reaching 178.04 billion USD, an increase of 15.5% over the same pe
The Việt Nam Import-Export Report to be released Thursday

The Việt Nam Import-Export Report to be released Thursday

The annual trade publication by the MoIT gives an overview of the import-export picture for the whole year
Banks raise interest rates to attract depositors

Banks raise interest rates to attract depositors

Many banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount at the banking system has declined for the first time after 25 consecutive month increase.
The fruit and vegetable industry has plenty of room for export in the five largest markets

The fruit and vegetable industry has plenty of room for export in the five largest markets

VCN - Vegetables and fruits are products with great potential for export, because import demand in the world market is always high. Although it is a key export product, the market share of Vietnamese vegetables and fruits still accounts for a small propor
Desk established in Dong Nai to support Japanese investors

Desk established in Dong Nai to support Japanese investors

Dong Nai province, an industrial hub in the southern region, has set up the Japan Desk at the headquarters of the Dong Nai Industrial Zones Authority to assist Japanese investors operating here.
Fishery enterprises prioritize exporting value-added processed products

Fishery enterprises prioritize exporting value-added processed products

VCN - Market fluctuations in recent years have shown that choosing a business strategy for value-added processed products is more suitable for Vietnam's fishery enterprises.
New trends in digital transformation for businesses

New trends in digital transformation for businesses

Given the rapid and substantial changes in technology, finding suitable solutions and keeping up with trends is a critical issue for businesses.
India as main market for Vietnamese star anise exports

India as main market for Vietnamese star anise exports

Việt Nam has an anise growing area of about 40,000 hectares, mainly in Lạng Sơn and Cao Bằng, with an annual output of more than 16,000 tonnes.
Domestic auto market shows signs of recovery

Domestic auto market shows signs of recovery

Cautious optimism as Việt Nam’s car market shows tentative signs of growth, which is expected to improve even more with new government policies to support the sector.
Saudi customs receives global acclaim for two-hour clearance service

Saudi customs receives global acclaim for two-hour clearance service

Saudi customs has garnered global acclaim for implementing the two-hour clearance service at all the country’s ports.
Customs create safe environment for all procedures

Customs create safe environment for all procedures

VCN - Customs is keen to create a safe environment for all procedures that contribute to the field of customs work for the general interest and work in particular, said an official.
Hong Kong customs arrests 7 for laundering $1.8 billion

Hong Kong customs arrests 7 for laundering $1.8 billion

VCN - Codenamed “Daybreak”, the operation was linked to a mobile app scam in India and two jewellery companies, the Customs and Excise Department revealed at a press conference on Friday.
The Republic of Nicaragua accedes to the Revised Kyoto Convention as the 136th Contracting Party

The Republic of Nicaragua accedes to the Revised Kyoto Convention as the 136th Contracting Party

On 15 February 2024, His Excellency César Castañeda, Ambassador of the Embassy of Nicaragua to the Kingdom of Belgium and Mission to the European Union, deposited Nicaragua’s Instrument of Accession to the International Convention on the Simplification and Harmonization of Customs Procedures (as amended), commonly known as the Revised Kyoto Convention (RKC), to Ian Saunders, the Secretary General of the World Customs Organization (WCO), who serves as the depositary for the RKC. The ceremony took place at WCO Headquarters in Brussels, Belgium.
Bulgaria Announces Merger of Customs and Revenue Agencies

Bulgaria Announces Merger of Customs and Revenue Agencies

The Bulgarian Ministry of Finance has unveiled plans to consolidate the National Revenue Agency and the Customs Agency into a single entity, marking a significant step towards streamlining financial operations in the country.
Employing AI, ML in Customs and border management

Employing AI, ML in Customs and border management

VCN - The success of the 2023 Technology Conference and Exhibition of the World Customs Organization (WCO) co-hosted by The General Department of Vietnam Customs in Hanoi on 10th – 12th October 2023 has once again affirmed the important role of technology
Digital technologies in customs control

Digital technologies in customs control

VCN - The digital technology application plays an important role in the process of customs modernization, simplifying procedures, cutting time and costs for businesses, and improving the effectiveness and efficiency of state management.
Customs seize cocaine

Customs seize cocaine 'skilfully' disguised as wine

Hong Kong Customs has seized about 444 kg of suspected liquid cocaine with an estimated market value of about 490 million Hong Kong dollars (about 63 million U.S. dollars), representing a record seizure of liquid cocaine, the customs said Monday.
Abu Dhabi Customs Supports Inspection System with Smart Devices that Streamline and Expedite Goods and Passengers Movement in Al Ain Ports

Abu Dhabi Customs Supports Inspection System with Smart Devices that Streamline and Expedite Goods and Passengers Movement in Al Ain Ports

VCN - In line with its strategic plan and key priorities, the General Administration of Abu Dhabi Customs has completed a project to provide its land customs centers in Al Ain City with advanced inspection devices supported by artificial intelligence syst
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Output simultaneously increased, many ports reported profits

Output simultaneously increased, many ports reported profits

VCN - Data from the General Statistics Office shows that the import and export situation of goods has improved positively in the first quarter of 2024 with total import and export turnover reaching 178.04 billion USD, an increase of 15.5% over the same pe
Business conditions numerous and cumbersome: CIEM

Business conditions numerous and cumbersome: CIEM

Major hurdles must be overcome to simplify and streamline regulations governing economic activities, according to the latest report by the Central Institute of Economic Management (CIEM).
The Việt Nam Import-Export Report to be released Thursday

The Việt Nam Import-Export Report to be released Thursday

The annual trade publication by the MoIT gives an overview of the import-export picture for the whole year
Banks raise interest rates to attract depositors

Banks raise interest rates to attract depositors

Many banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount at the banking system has declined for the first time after 25 consecutive month increase.
Prime Minister chairs seminar with Chinese businesses

Prime Minister chairs seminar with Chinese businesses

Prime Minister Pham Minh Chinh on May 14 chaired a seminar with representatives from 19 Chinese groups specialising in green economy and digital economy.
The General Department of Customs proactively implemented many budget collection solutions right from the beginning of the year

The General Department of Customs proactively implemented many budget collection solutions right from the beginning of the year

Vietnam-Indonesia trade achieves about US$ 14 billion

Vietnam-Indonesia trade achieves about US$ 14 billion

Improving the legal corridor in anti-smuggling work

Improving the legal corridor in anti-smuggling work

MoF issues digital transformation assessment indicators

MoF issues digital transformation assessment indicators

HCM City’s revenue drops over VND 19,000 billion

HCM City’s revenue drops over VND 19,000 billion

The General Department of Customs proactively implemented many budget collection solutions right from the beginning of the year Vietnam-Indonesia trade achieves about US$ 14 billion Improving the legal corridor in anti-smuggling work MoF issues digital transformation assessment indicators HCM City’s revenue drops over VND 19,000 billion
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