Difficulties facing domestic and foreign enterprises in implementing the latest customs legal documents were discussed at a recent workshop in Ho Chi Minh City.
HCM City (VNA) – Diff🍸iculties facing domestic and foreign enterprises in implementing the latest customs legal documents were discussed at a recent workshop in H⛦o Chi Minh City.
Trade associations and domestic and foreign-invested enterprises in the city and the southern provinces of Binh Duong and Dong Nai are concerned over the regulations on giving codes for exported and imported goods, according to Director of the Vietnam Chamber of Commerce and Industry (VCCI) – Ho Chi Minh City branch Vo Tan Thanh.
The recently-issued Circular No. 23/2015/TT-BKHCN on the import of used machinery, equipment and technological lines, which will become effective in July 1, 2016, also worries the business circle.
Evaluation conducted by the Vietnam Trade Facilitation Alliance (VTFA) showed that many legal documents related to customs procedures and the aforementioned circular are not in line with the Trade Facilitation Agreement under the World Trade Organisation (WTO) or the Trans-Pacific Partnership (TPP).
Director of the American Chamber of Commerce in Vietnam (AmCham) Herb Cochan suggested that Vietnam accelerate the reform of customs legal framework while revising the irrelevant ones in line with international rules and practices.
The workshop was organised by the Vietnam Chamber of Commerce and Industry (VCCI), the VFTA, the AmCham and the United States Agency for International Development (USAID).-VNA
The business community hopes for stronger determination from tax and customs sectors in administrative reform, said Vo Tan Thanh, vice president of the Vietnam Chamber of Commerce and Industry.
Smuggling, counterfeit goods, and trade fraud became increasingly sophisticated in the first ten months of this year, according to Nguyen Van Can, Deputy Head of General Department of Vietnam Customs
Despite efforts to hasten administrative reforms, there is still room for further reduction in customs procedures, and businesses expect more simplification.
Prime Minister Nguyen Tan Dung has approved the project to enhance efficiency of specialised checks in import and export in an effort to improve the business climate and enhance competitiveness.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Garment production for export. (Source: VNA)
