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Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.
Vietnam active at UN Human Rights Council’s 52nd session

Vietnam active at UN Human Rights Council’s 52nd session

The Vietnamese delegation, led by Deputy Prime Minister Tran Luu Quang, made active contributions to the agenda of the 52nd regular session of the UN Human Rights Council (UNHRC) that concluded in Geneva on April 4.
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Prime Minister Pham Minh Chinh affirmed Vietnam’s commitment to cooperation in building a prosperous, fair and healthy Mekong river basin while addressing the fourth Mekong River Commission (MRC) Summit in Vientiane, Laos on April 5.
Việt Nam, US hold 12th political, security, defence dialogue

Việt Nam, US hold 12th political, security, defence dialogue

They shared their determination to maintain cooperation in clearing mines and explosives, decontaminating dioxin, supporting war-affected people in Việt Nam.
Private sector remains driving force for economy

Private sector remains driving force for economy

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2.
State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert

State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert

The State visit to Vietnam by Australian Governor-General David Hurley at an invitation of President Vo Van Thuong will deepen the goodwill and trust for the mutual benefit of both countries, said Dr Suiwah Leung, Honourary Associate Professor at the Australian National University’s Crawford School of Public Policy.
Vietnam"s economy to grow by 6.6% this year: OECD

Vietnam"s economy to grow by 6.6% this year: OECD

Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released on March 31 by the Organisation for Economic Co-operation and Development (OECD).
Customs creates maximum facilitation for agricultural exports

Customs creates maximum facilitation for agricultural exports

VCN - With that goal, Customs at all levels always give priority to propagating and mobilizing enterprises, individuals and organizations to coordinate with Customs authorities to carry out administrative reform and customs modernization activities.
Facilitates import and export enterprises amid difficult context

Facilitates import and export enterprises amid difficult context

VCN - The Customs sector has made a great effort and achieved remarkable results, especially in anti-smuggling and drug prevention.
Da Nang International Terminal a certified 4-star terminal

Da Nang International Terminal a certified 4-star terminal

VCN - Recently, Da Nang International Terminal Investment and Operation Joint Stock Company (AHT) announced that Da Nang International Terminal is certified by Skytrax as the first 4-star terminal in Vietnam. Skytrax is an international air transport rati
Dong Nai Customs: understand the business situation to develop effective support solutions

Dong Nai Customs: understand the business situation to develop effective support solutions

VCN – Administrative reform and business support have been effectively promoted by Dong Nai Customs Department when businesses in the province are facing many difficulties and a sharp decline in imports and exports.
Transnational drug crime remains complicated

Transnational drug crime remains complicated

VCN - After the Covid-19 pandemic is under control, on the one hand smugglers seek a way to consume "inventories", on the other hand, Vietnam is close to the "Golden Triangle", so it is forecast that the situation of transnational drug crime will continue
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Goods imported from export processing enterprises must pay tax

Goods imported from export processing enterprises must pay tax

VCN - According to the provisions of the Law on Import and Export Duties, if a domestic enterprise imports products of export processing enterprises, they must pay tax.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Vietnam ready to export first batch of sweet potatoes to China

Vietnam ready to export first batch of sweet potatoes to China

Vietnam’s 70 sweet potato cultivation areas and 13 packaging facilities have been licenced to export to China, reported the Ministry of Agriculture and Rural Development (MARD)’s Plant Protection Department.
Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.
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.
17,000 pills of smuggled medicines for Covid-19 treatment and cancer treatment detected

17,000 pills of smuggled medicines for Covid-19 treatment and cancer treatment detected

VCN - The leader of the Northern Anti-Smuggling Enforcement Unit (Anti-Smuggling and Investigation Department, General Department of Vietnam Customs) said that the unit is continuing to verify and clarify the case of smuggling 17,000 pills of medicines of all kinds.
Over two tonnes of dried seahourse and abalone, shredded bird’s nest smuggled in containers of blood cockles

Over two tonnes of dried seahourse and abalone, shredded bird’s nest smuggled in containers of blood cockles

VCN - On October 11, the Customs Enforcement Team under the HCM City Customs Department said that they had completed the inspection of the imported blood cockle shipment of Vietseatrust Food Import-Export Trading Comapny Limited, discovered more than two tonnes and 80 boxes of smuggled goods without customs declaration.
Customs creates maximum facilitation for agricultural exports

Customs creates maximum facilitation for agricultural exports

VCN - With that goal, Customs at all levels always give priority to propagating and mobilizing enterprises, individuals and organizations to coordinate with Customs authorities to carry out administrative reform and customs modernization activities.
Goods imported from export processing enterprises must pay tax

Goods imported from export processing enterprises must pay tax

VCN - According to the provisions of the Law on Import and Export Duties, if a domestic enterprise imports products of export processing enterprises, they must pay tax.
GDVC perform tasks in second quarter of 2023

GDVC perform tasks in second quarter of 2023

VCN - According to the report at the conference, the Customs revenue in the first quarter decreased by 17% to VND 91,267 billion compared with the previous year, meeting 21.5% of the estimate.
Facilitates import and export enterprises amid difficult context

Facilitates import and export enterprises amid difficult context

VCN - The Customs sector has made a great effort and achieved remarkable results, especially in anti-smuggling and drug prevention.
Da Nang International Terminal a certified 4-star terminal

Da Nang International Terminal a certified 4-star terminal

VCN - Recently, Da Nang International Terminal Investment and Operation Joint Stock Company (AHT) announced that Da Nang International Terminal is certified by Skytrax as the first 4-star terminal in Vietnam. Skytrax is an international air transport rati
Dong Nai Customs: understand the business situation to develop effective support solutions

Dong Nai Customs: understand the business situation to develop effective support solutions

VCN – Administrative reform and business support have been effectively promoted by Dong Nai Customs Department when businesses in the province are facing many difficulties and a sharp decline in imports and exports.
Lang Son: Import-export turnover grow 71%

Lang Son: Import-export turnover grow 71%

In the first quarter, the total import and export turnover of goods through Lang Son province increased by 71% over the same period in 2022.
HCM City Customs Department facilitates and resolves difficulties for enterprises

HCM City Customs Department facilitates and resolves difficulties for enterprises

VCN - Customs branches under HCM City Customs Department have diversified support methods and facilitated trade in line with the characteristics of each branch.
Lang Son: Goods rushing to border gate increases sharply, potential risk of congestion

Lang Son: Goods rushing to border gate increases sharply, potential risk of congestion

At this time, on average, there are about 500 vehicles transporting goods from inland to Lang Son waiting to carry out export procedures to China every day.
Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion,
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Consider raising the level of penalties to ensure fairness and transparency in the stock market

Consider raising the level of penalties to ensure fairness and transparency in the stock market

Mr Pham Hong Son, Vice Chairman of the State Securities Commission, discussed solutions to improve the capacity, improve fairness and transparency of the stock market.
Central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
Ensure policies to attract investment when implementing global minimum tax

Ensure policies to attract investment when implementing global minimum tax

VCN - On the afternoon of March 30, in Hanoi, the Ministry of Finance held a regular press conference in the first quarter of 2023, chaired by Deputy Minister of Finance Nguyen Duc Chi. Many issues related to the tax field were discussed and answered at t
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
Enterprises have the right to pre-determine HS codes

Enterprises have the right to pre-determine HS codes

VCN - At the dialogue conference between Ho Chi Minh City Customs Department and import-export enterprises at the weekend, enterprises raised many problems related to HS code application, and post-clearance audit.
Amendment to Decree 14 to prevent goods congestion at border gates

Amendment to Decree 14 to prevent goods congestion at border gates

VCN - The draft Decree revising Decree 14/2018/ND-CP on border trade activities is being drafted and gathered opinions from ministries, government agencies and people by the Ministry of Industry and Trade.
Notes for businesses on tax policy

Notes for businesses on tax policy

VCN - According to experts, some businesses do not understand clearly tax documents and policies, especially new ones, leading to many risks in implementation.
Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

VCN - After a long time of implementation and many changes in reality, it is time to amend the Law on Corporate Income Tax (CIT) to remove difficulties for production and business activities, and open up and promote resources for economic and social devel
Apply 609 preferential export tax lines, 11,526 special preferential import tax lines to implement the CPTPP Agreement

Apply 609 preferential export tax lines, 11,526 special preferential import tax lines to implement the CPTPP Agreement

VCN - To enjoy the preferential export tax rates under the Preferential Export Tariff and the Special Preferential Import Tariff of Vietnam implementing the CPTPP Agreement from 2022 to 2027, exported goods must have transport documents and import customs
Difficulties in determining samples for testing

Difficulties in determining samples for testing

VCN – Customs face challenges in determining whether imported food samples for testing are exempt from state inspection for food safety, as well as in identifying which products require registration for announcement purposes.
GDVC instructs application of C/O form D

GDVC instructs application of C/O form D

VCN - Based on the results of the 41st Sub-Committee on ATIGA Rules of Origin (SC-AROO 41) and 41st Coordinating Committee on the Implementation of the ATIGA (CCA 41), the GDVC has instructed local customs departments in the application of C/O form D.
Goods imported from export processing enterprises must pay tax

Goods imported from export processing enterprises must pay tax

VCN - According to the Law on Import and Export Duties provisions, if a domestic enterprise imports products of export processing enterprises, they must pay tax.
Review, perfect regulations on decentralization of public property management

Review, perfect regulations on decentralization of public property management

VCN - The Ministry of Finance has sent an official letter to ministries, central and local agencies on improving legal documents under the power for promulgation of ministries, central and local agencies on the management and use of public property.
Vietnam ready to export first batch of sweet potatoes to China

Vietnam ready to export first batch of sweet potatoes to China

Vietnam’s 70 sweet potato cultivation areas and 13 packaging facilities have been licenced to export to China, reported the Ministry of Agriculture and Rural Development (MARD)’s Plant Protection Department.
23 customs offences prosecuted

23 customs offences prosecuted

VCN - In March, the whole Customs sector arrested 1,712 violations with the total value of infringing goods of VND480.3 billion VND; and collected VND 21.7 billion. In addition, the Customs Authority prosecuted two cases and transferred six cases to other
Customs seizes 20 drug-related offences

Customs seizes 20 drug-related offences

VCN - The General Department of Vietnam Customs, the transportation of drugs via airway has tended to surge in the number of cases and volume of infringing goods.
Transnational drug crime remains complicated

Transnational drug crime remains complicated

VCN - After the Covid-19 pandemic is under control, on the one hand smugglers seek a way to consume "inventories", on the other hand, Vietnam is close to the "Golden Triangle", so it is forecast that the situation of transnational drug crime will continue
Proactively control counterfeit goods and infringing intellectual property rights

Proactively control counterfeit goods and infringing intellectual property rights

General Department of Vietnam Customs issued a plan on anti-smuggling of counterfeit goods, faked goods on intellectual property and infringing upon intellectual property rights in 2023.
Hai Phong Customs proactively prevent contraband

Hai Phong Customs proactively prevent contraband

Through three consecutive cases of smuggled ivory that were seized by Hai Phong Customs Department within 2 months, it demonstrates the unit's proactive in preventing and combating smuggling.
Transnational drug crime complicated

Transnational drug crime complicated

VCN - After the Covid-19 pandemic is under control, on the one hand, smugglers seek a way to consume "inventories". But on the other hand, Vietnam is close to the "Golden Triangle", so it is forecast that the situation of transnational drug crime will con
COVID-19 drug-related trafficking prosecuted

COVID-19 drug-related trafficking prosecuted

VCN - According to the Customs News, the Anti-smuggling and Investigation Department leader under the General Department of Customs has signed Decision 01/QD-DTCBL on the criminal prosecution of smuggling crime for N.Q Co., Ltd (Nam Dinh city, Nam Dinh pr
Prosecute a case of smuggling relating to importing medicines for Covid-19 treatment

Prosecute a case of smuggling relating to importing medicines for Covid-19 treatment

The leader of Anti-smuggling and Investigation (General Department of Vietnam Customs) has just signed Decision 01/QĐ-DTCBL on prosecuting criminal cases of smuggling that occurred at N.Q Company Limited
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Looking back to 2022, while the export turnover of the cashew industry reached US $ 3.08 billion, the import turnover of raw cashews consumed US $ 2.678 billion.
HCM City’s industrial production index down 0.9% in Q1

HCM City’s industrial production index down 0.9% in Q1

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Quang Ninh aims to attract quality FDI inflows

Quang Ninh aims to attract quality FDI inflows

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.
Exports face many difficulties

Exports face many difficulties

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.
Customs aspects to consider in your strategic sourcing

Customs aspects to consider in your strategic sourcing

Incorporating customs considerations into your purchasing strategy can have significant benefits.
Egyptian customs thwart drug smuggling attempt

Egyptian customs thwart drug smuggling attempt

Egyptian customs thwarted an attempt to smuggle drugs into the country after an English passenger drew the attention of officials at Hurghada International Airport.
ASEAN Customs strengthen capacity for Customs Modernization

ASEAN Customs strengthen capacity for Customs Modernization

VCN- The 32nd session of the ASEAN Customs Capacity Building Working Group (CCBWG) ended successfully after three working days from 14 to 16 March 2023. The ten Customs administrations of ASEAN Member States (AMS) and the ASEAN Secretariat attended the meeting chaired by Mr Oentarto Wibowo, Director of Indonesian Customs and Excise Education and Training Center.
Egypt customs officers thwart attempts to smuggle antiques, gold bars

Egypt customs officers thwart attempts to smuggle antiques, gold bars

Customs officers at Borg El-Arab International Airport in Alexandria thwarted an attempt to smuggle 13 antique metal pieces into Egypt dating back to the Greco-Roman era (332 BC–395 AD), hidden in the baggage of a Libyan passenger arriving from Benghazi.
Customs nabs Kozhikode woman with gold worth Rs 1 crore hidden in undergarment

Customs nabs Kozhikode woman with gold worth Rs 1 crore hidden in undergarment

The Customs on Monday seized gold worth Rs 1 crore at the Calicut International Airport from a woman who was attempting to smuggle by hiding the packets inside her undergarment.
Saudi customs clearance time reduced to just 2 hours: Official

Saudi customs clearance time reduced to just 2 hours: Official

Saudi Arabia has reduced customs clearance time by 84 percent to just two hours by the end of 2022, down from 13 hours the previous year, the director general of Customs Operations Department at the Zakat, Tax, and Customs Authority revealed on Thursday.
Hong Kong customs busts city’s largest sea smuggling case of 2022

Hong Kong customs busts city’s largest sea smuggling case of 2022

Hong Kong Customs foiled an attempt to smuggle to the Chinese mainland various goods worth HK$300 million ($38.22 million), the city’s largest sea smuggling case this year.
Taiwan, Germany launch reciprocal automated customs clearance program - Focus Taiwan

Taiwan, Germany launch reciprocal automated customs clearance program - Focus Taiwan

Taipei, Dec. 12 (CNA) Taiwan and Germany have launched a program that allows reciprocal access to automated customs clearance, making Taiwan the fourth non-European Union country granted the privilege by Germany, the National Immigration Agency (NIA) announced on Monday.
Driving Customs performance with data and technology in changing landscape of global trade

Driving Customs performance with data and technology in changing landscape of global trade

VCN - The conference is one of the key annual events of the WCO, jointly held by the WCO and the Customs Administration of the Netherlands, under the theme “Driving Customs performance with data and technology in the changing landscape of global trade”.
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Customs creates maximum facilitation for agricultural exports

Customs creates maximum facilitation for agricultural exports

VCN - With that goal, Customs at all levels always give priority to propagating and mobilizing enterprises, individuals and organizations to coordinate with Customs authorities to carry out administrative reform and customs modernization activities.
Goods imported from export processing enterprises must pay tax

Goods imported from export processing enterprises must pay tax

VCN - According to the provisions of the Law on Import and Export Duties, if a domestic enterprise imports products of export processing enterprises, they must pay tax.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Vietnam ready to export first batch of sweet potatoes to China

Vietnam ready to export first batch of sweet potatoes to China

Vietnam’s 70 sweet potato cultivation areas and 13 packaging facilities have been licenced to export to China, reported the Ministry of Agriculture and Rural Development (MARD)’s Plant Protection Department.
Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
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