CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Trade facilitation must be accompanied by trade fraud prevention: Deputy PM
Ngoc Thuy 15:00, 2019/08/01
The reform of the custom clearance process must ensure greater trade facilitation and efficiency in tackling trade fraud activities.
Vietnam’s efforts against trade fraud activities should not affect business operation and legitimate rights of enterprises, according to Deputy Prime Minister Vuong Dinh Hue.
 
Overview of the conference. Source: VGP.
Overview of the conference. Source: VGP.
Hue made the statement at a meeting on July 31 discussing measures to promote trade facilitation and logistics by greater integration into ASEAN National Single Window (NSW), a regional initiative with objective of expediting cargo clearance and promoting ASEAN economic integration by enabling the electronic exchange of border documents among its member states.

Hue is chairman of the National Steering Committee for ASEAN Single Window (ASW), National Single Window (NSW) and Trade Facilitation, also known as Committee 1899.

As of July 10, a combined of 174 administrative procedures from 13 ministries have been carried out through Vietnam’s NSW with 2.3 million documents from 31,000 enterprises stored in its database. 

Notably, some ministries have completed the integration process, such as the Ministry of Transport with 87 procedures, the Ministry of Science and Technology with 6 procedures. 

Additionally, Vietnam has exchanged certificates of origin (C/O) with 6 ASEAN country members, including Singapore, Malaysia, Indonesia, Thailand, Brunei and Cambodia, accumulating a total of 87,355 C/O received and 153,872 sent. 

However, the target of connecting 61 administrative procedures in 2019 remains challenging, said Hue, as only 16 procedures so far have been connected to the country’s own NSW and that of ASEAN. 

The remaining 45 include 14 of the Ministry of Health, 12 of the Ministry of Agriculture and Rural Development, and 8 of the Ministry of Defense, accounting for 75% of the pending total. 

Meanwhile, Hue expected more efforts to reduce the number of goods subject to specialized inspection as the current reduction rate of 15% is lower than the target set by the National Assembly from 15-35%. 

Hue requested government agencies to complete the connection of 61 administrative procedures on the NSW as planned, reforming the custom clearance process towards greater trade facilitation and tackling trade fraud activities. 

With regard to the logistics sector, Hue pointed to its high costs for enterprises at 20% of the GDP in spite of the sector’s low contribution to the GDP at 4 – 5%, requesting more measures to reduce costs for enterprises. 

According to Hue, the Ministry of Industry and Trade is tasked with drafting up a development strategy for the logistics sector, targeting a contribution of 8 – 10% of the GDP by 2025 and growth rate of 14 – 20%, making Vietnam among the world’s top 50 in terms of competitiveness. 
Comments
Other news
16:50, 2024/11/23
Hanoi hosts the Vietnam Regional Specialties Fair 2024
This year's fair will contribute to the promotion of trade and the expansion of typical regional products, especially agricultural and food products that meet export standards.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
10:49, 2024/11/16
US reiterates Vietnam is not manipulating currency
The US Treasury Department’s positive evaluation underscores Vietnam’s progress in balancing its economic and monetary policies while fostering strong bilateral relations with the US.
21:14, 2024/10/31
Vietnam, Brazil: Building bridges through shared history and new partnerships
Vietnam and Brazil are forging a future of mutual development, bridging continents through their shared history and new partnerships.
16:54, 2024/10/29
Hanoi to attract tourists by showcasing local specialties at wholesale markets
Hanoi aims to enhance supervision of food safety and traceability, along with promoting cashless transactions.
16:28, 2024/10/27
National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
This year's event will focus on celebrating and raising the status of Vietnamese products, according to the Ministry of Industry and Trade.