Electronic certificates of origin save businesses US$5.7 million

Source: VOV

18:26 | 23/06/2020 Customs Follow english.haiquanonline.com.vn on

Since the country moved to apply the ASEAN Single Window mechanism, especially the exchange of electronic certificate of origin (C/O) form D from 2018 to the present, it has been able to save approximately US$5.7 million in transaction costs for local businesses, according figures released by the General Department of Vietnam Customs.

electronic certificates of origin save businesses us 57 million

The latest information has been released by the General Department of Vietnam Customs.

Through making connections with the ASEAN Single Window, the nation has been able to exchange electronic C/O form D with nine other ASEAN member states, including Singapore, Malaysia, Indonesia, Thailand, Brunei, Cambodia, Myanmar, Laos, and the Philippines.

As of June, the country has sent approximately 385,000 electronic C/O to other ASEAN members, therefore saving roughly US$15 in each application.

In addition, the nation has also been increasing the implementation of the National Single Window system. A total of 13 relevant ministries and agencies have so far connected to the system, with some 198 administrative procedures being digitalised through the National Single Window.

Since coming into use, more than 3.1 million applications from 38,700 businesses have been handled through the National Single Window system.

Source: VOV

english.vov.vn

Tags:

Related News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

14:01 | 06/04/2023 Import-Export

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 a potential market for French businesses, investors: experts

16:12 | 05/04/2023 Import-Export

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.

Binh Duong Customs notifies businesses of regulations on labeling and origin of goods

10:20 | 29/03/2023 Customs

VCN - On March 27, the Customs Branch in Vietnam - Singapore Industrial Park and the Customs Branch in Viet Huong Industrial Park (Binh Duong Customs Department) held a Customs – Business Dialogue Conference in the first quarter of 2023 with the participation of more than 100 enterprises in the area.

Binh Dinh introduces economic, trade potential to Belgian businesses

20:44 | 25/03/2023 Import-Export

The central coastal province of Binh Dinh introduced its economic and investment potential to Belgian businesses at a hybrid conference in Brussels on March 24.

Latest News

Customs creates maximum facilitation for agricultural exports

15:56 | 07/06/2023 Customs

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

14:50 | 10/04/2023 Customs

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

09:47 | 06/04/2023 Customs

VCN- On April 4, the General Department of Vietnam Customs (GDVC) held an online conference to review performance in the first quarter and set out the task in the second quarter of 2023.

Facilitates import and export enterprises amid difficult context

09:46 | 06/04/2023 Customs

VCN – Making great efforts to create favourable conditions for businesses and promoting import and export growth are key contents concluded by Deputy Director General Hoang Viet Cuong at the online conference to review performance in the first quarter and set out the task in the second quarter of 2023, held by the General Department of Vietnam Customs (GDVC) on April 4.

More News

Da Nang International Terminal a certified 4-star terminal

10:24 | 05/04/2023 Customs

VCN- Da Nang International Terminal officially becomes the first terminal certified a 4-star terminal in Vietnam by SkyTrax.

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

13:27 | 04/04/2023 Customs

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%

09:53 | 03/04/2023 Customs

VCN - Since the Chinese side reopened import and export activities, the flow of goods cleared through border gates in Lang Son province has increased significantly. Accordingly, 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

09:51 | 03/04/2023 Customs

VCN – The Customs branches under HCM City Customs Department has provided solutions to facilitate trade and resolves difficulties for enterprises.

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

10:33 | 02/04/2023 Customs

VCN - 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. By the end of March 27, the number of vehicles transporting goods backlogged in border areas reached 950 vehicles, including 787 vehicles transporting agricultural products waiting for export procedures.

Bac Ninh Customs committees to listen and share difficulties with enterprises

20:34 | 01/04/2023 Customs

VCN – Bac Ninh Customs Department held the first dialogue with the enterprise about the customs field in 2023 on March 29.

Ho Chi Minh City Customs removes obstacles for logistics businesses

20:33 | 01/04/2023 Customs

VCN - At the morning coffee program recently held by Ho Chi Minh City Logistics Association (HLA), with the participation of 70 logistics enterprises, leaders of Ho Chi Minh City Customs Department answered many issues related to the management policy of cargo handled before and after customs clearance at the seaport.

Bac Ninh Customs considers satisfaction of businesses to assess efficiency of customs reform

11:36 | 01/04/2023 Customs

VCN – The facilitation and streamlining of administrative procedures; receiving and processing 100% of administrative procedures in a timely fashion are goals set by Bac Ninh Customs Department to better serve businesses and people.

HCM City Customs make efforts in budget collection

13:43 | 31/03/2023 Customs

VCN - Many goods imported through HCM City port in the first two months of the year declined, pulling the State budget revenue of the Ho Chi Minh City Customs Department down by more than VND1,000 billion. In addition to trade facilitation, HCM City Customs Department continues to implement measures to combat revenue loss to increase budget revenue in a difficult period.

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read

Customs creates maximum facilitation for agricultural exports

15:56 | 07/06/2023 Customs

Goods imported from export processing enterprises must pay tax

14:50 | 10/04/2023 Customs

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

09:47 | 06/04/2023 Customs

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

09:46 | 06/04/2023 Customs

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

10:24 | 05/04/2023 Customs

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