PM attends Vietnam - Australia Business Forum in Melbourne

PM attends Vietnam - Australia Business Forum in Melbourne

Prime Minister Pham Minh Chinh attended the Vietnam - Australia Business Forum in Melbourne on March 5 morning (local time) as part of his ongoing trip to Australia to attend the ASEAN - Australia Special Summit and pay an official visit to Australia.
FDI sector remains export pillar of Vietnam’s economy

FDI sector remains export pillar of Vietnam’s economy

The foreign direct investment (FDI) sector maintained its role as an export pillar of Vietnam’s economy with revenue of 43.2 billion USD in the first two months of this year, up 14.7%, and accounting for 72.8% of the country’s total export value.
Growth engines rev up, fuelling recovery hopes

Growth engines rev up, fuelling recovery hopes

With noteworthy signs of recovery in the first two months of this year, the national economy is expected to bounce back quickly this year.
Vietnam’s FDI inflow surges 38.6% in two months

Vietnam’s FDI inflow surges 38.6% in two months

Total newly-registered foreign investment capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors totalled 4.29 billion USD as of February 20, up by 38.6% compared to the same period in 2023. The disbursement of FDI capital is projected at some 2.8 billion USD, reflecting a 9.8% increase against the same period last year.
PM Pham Minh Chinh’s Australia trip “incredibly important”: Ambassador

PM Pham Minh Chinh’s Australia trip “incredibly important”: Ambassador

Australian Ambassador to Vietnam Andrew Goledzinowski has emphasised the significance of the upcoming trip to Australia by Prime Minister Pham Minh Chinh in an interview granted to the Vietnam News Agency (VNA).
SOEs asked to play more active role in implementation of strategic breakthroughs

SOEs asked to play more active role in implementation of strategic breakthroughs

Prime Minister Pham Minh Chinh on March 3 called on state-owned enterprises (SOEs) to engage more intensively in the implementation of strategic breakthroughs regarding institutional perfection, personnel training and infrastructure development.
Positive socio-economic results recorded so far: Government meeting

Positive socio-economic results recorded so far: Government meeting

Vietnam saw a continuous recovery trend and positive socio-economic results across all fields in February and the first two months of this year, heard the Government regular meeting held in Hanoi on March 2 under the chair of Prime Minister Pham Minh Chinh.
HCM Customs strives to achieve high revenue target in 2024

HCM Customs strives to achieve high revenue target in 2024

VCN - As recorded by Customs News, the volume of imports and exports across major seaports in HCM City in the first month of 2024 has improved compared to previous times, especially export goods.
Ministry of Agriculture cuts more than 80 commodity streams subject to specialized inspection

Ministry of Agriculture cuts more than 80 commodity streams subject to specialized inspection

VCN - The Ministry of Agriculture and Rural Development has issued a Table of HS codes for the list goods under the state management of the Ministry of Agriculture and Rural Development and the list of exported and imported goods subject to specialized in
Hai Phong Customs: Three key contents in Customs-Business partnership

Hai Phong Customs: Three key contents in Customs-Business partnership

Hai Phong Customs Department has just issued a Plan for Customs-Business partnership and stakeholder development.
Quang Ninh Customs: Many activities to develop Customs-Business partnership

Quang Ninh Customs: Many activities to develop Customs-Business partnership

VCN - In 2024, the development of Customs-Enterprise partnership has been selected by Quang Ninh Customs Department as one of the key tasks to be implemented in the 2024 Key Work Program; Plan for Reform, Development and Modernization of Quang Ninh Custom
Tax sector implements solutions on revenue management to achieve “dual goals”

Tax sector implements solutions on revenue management to achieve “dual goals”

VCN - 2023 is the year that the domestic economy faces many difficulties and challenges and is negatively impacted by the world economy, causing great pressure in the revenue collection of the Tax sector.

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PM attends Vietnam - Australia Business Forum in Melbourne

PM attends Vietnam - Australia Business Forum in Melbourne

Prime Minister Pham Minh Chinh attended the Vietnam - Australia Business Forum in Melbourne on March 5 morning (local time) as part of his ongoing trip to Australia to attend the ASEAN - Australia Special Summit and pay an official visit to Australia.
Footwear exports see promising signals

Footwear exports see promising signals

With orders secured for the second quarter, activities are in full swing in many leather and footwear production plants, bringing about the hope for a year of buoyant exports.
Legal framework for crypto assets to be finalised next year

Legal framework for crypto assets to be finalised next year

The Government has assigned the Ministry of Finance to research and develop a legal framework to ban or regulate crypto assets in May 2025 with an aim to combat money laundering.
FDI sector remains export pillar of Vietnam’s economy

FDI sector remains export pillar of Vietnam’s economy

The foreign direct investment (FDI) sector maintained its role as an export pillar of Vietnam’s economy with revenue of 43.2 billion USD in the first two months of this year, up 14.7%, and accounting for 72.8% of the country’s total export value.
Automate the registration fee management process

Automate the registration fee management process

The General Department of Taxation is reviewing and completing the Draft of the procedure to replace the Registration Fee Management Process for other assets subject to registration fee (except houses and land).
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.
HCM Customs strives to achieve high revenue target in 2024

HCM Customs strives to achieve high revenue target in 2024

VCN - As recorded by Customs News, the volume of imports and exports across major seaports in HCM City in the first month of 2024 has improved compared to previous times, especially export goods.
Ministry of Agriculture cuts more than 80 commodity streams subject to specialized inspection

Ministry of Agriculture cuts more than 80 commodity streams subject to specialized inspection

VCN - The Ministry of Agriculture and Rural Development has issued a Table of HS codes for the list goods under the state management of the Ministry of Agriculture and Rural Development and the list of exported and imported goods subject to specialized in
Hai Phong Customs: Three key contents in Customs-Business partnership

Hai Phong Customs: Three key contents in Customs-Business partnership

Hai Phong Customs Department has just issued a Plan for Customs-Business partnership and stakeholder development.
Ha Nam Ninh Customs sets five goals for quality policy 2024

Ha Nam Ninh Customs sets five goals for quality policy 2024

With the motto: "Solidarity - Discipline - Creativity - Integrity - Professionalism - Modernity", Ha Nam Ninh Customs Department sets 5 goals to implement quality policy in task performance.
Quang Ninh Customs: Many activities to develop Customs-Business partnership

Quang Ninh Customs: Many activities to develop Customs-Business partnership

VCN - In 2024, the development of Customs-Enterprise partnership has been selected by Quang Ninh Customs Department as one of the key tasks to be implemented in the 2024 Key Work Program; Plan for Reform, Development and Modernization of Quang Ninh Custom
General Department of Vietnam Customs listens and answers problems for FDI enterprises

General Department of Vietnam Customs listens and answers problems for FDI enterprises

General Department of Vietnam Customs held a regular meeting with the Vietnam Business Forum (VBF) Alliance.
The Customs sector implements 8 key tasks following Directive No. 06

The Customs sector implements 8 key tasks following Directive No. 06

General Department of Vietnam Customs requested the head of affiliated units to deploy 8 key tasks to complete assigned tasks.
An Giang Customs focuses on facilitating and controlling specialized exports

An Giang Customs focuses on facilitating and controlling specialized exports

In charging the management area with a length border line is nearly 100km and processing many specialized imports and exports, An Giang Customs Department has deployed many solutions to control these items.
Customs always accompanies Korean businesses

Customs always accompanies Korean businesses

VCN - Before the dialogue conference between the Ministry of Finance and Korean businesses on tax and customs policies and administrative procedures in 2023-2024 taking place on February 29 in Hanoi, Customs Magazine had an interview with Ms. Tran Thi Thu
Legal framework for crypto assets to be finalised next year

Legal framework for crypto assets to be finalised next year

The Government has assigned the Ministry of Finance to research and develop a legal framework to ban or regulate crypto assets in May 2025 with an aim to combat money laundering.
Combating tax loss in e-commerce transactions

Combating tax loss in e-commerce transactions

VCN - Besides the results achieved, the implementation of tax management for e-commerce transactions is still limited. Therefore, the tax authority is required to review the actual tax management in localities to develop solutions to further strengthen ta
Local State Treasuries focus on effective control of public budget

Local State Treasuries focus on effective control of public budget

VCN - According to the State Treasury, in 2023, the State Treasury of provinces and cities coordinated with local collection agencies to fully, promptly and accurately disburse revenues for all budget levels; regularly provide revenue data to competent ag
Export growth supports the economy and stock market

Export growth supports the economy and stock market

VCN - Vietnam's export growth is on the recovery path, thereby becoming a positive signal for the economy as well as the stock market in 2024.
The corporate bond market will enter new period of development

The corporate bond market will enter new period of development

VCN - Fiin Group data shows that the privately placed bond market saw a slight recovery in 2023 with the worth of VND 345.8 trillion. The value of the publically offered bond reached VND 37 trillion. The issuance of industry groups showed signs of recover
The bad debt ratio has increased, putting pressure on banks

The bad debt ratio has increased, putting pressure on banks

According to the summary of 2023 business results of 28 listed banks, the total volume of bad debt by the end of 2023 increased by more than 40% compared to 2022, to nearly 195,000 billion VND.
Finance sector held a dialogue with nearly 250 Korean enterprises on tax and customs policy

Finance sector held a dialogue with nearly 250 Korean enterprises on tax and customs policy

The Ministry of Finance held a Dialogue with Korean enterprises on tax and customs policies 2023-2024. Deputy Minister of Finance Cao Anh Tuan chaired a dialogue.
Accelerate development of Stock market in 2024

Accelerate development of Stock market in 2024

VCN - According to the Prime Minister, over the past two years, the entities have overcome difficulties. If 2022 is the year of fluctuation of stock market, the market has been improved in 2023.
Tax sector implements solutions on revenue management to achieve “dual goals”

Tax sector implements solutions on revenue management to achieve “dual goals”

VCN - 2023 is the year that the domestic economy faces many difficulties and challenges and is negatively impacted by the world economy, causing great pressure in the revenue collection of the Tax sector.
Automate the registration fee management process

Automate the registration fee management process

The General Department of Taxation is reviewing and completing the Draft of the procedure to replace the Registration Fee Management Process for other assets subject to registration fee (except houses and land).
Mixed tax regime not yet applied on beer and alcohol products

Mixed tax regime not yet applied on beer and alcohol products

The Government has decided not to apply the mixed tax regime on beer and alcohol products.
General Department of Taxation reviews draft regulations on loan interest expense cap

General Department of Taxation reviews draft regulations on loan interest expense cap

The GDT said that it has coordinated with six local tax departments to organise a conference to review a draft decree that amends and supplements Decree 132/2020/NĐ-CP on tax management for enterprises with associated transactions.
The Government regulated four land valuation methods

The Government regulated four land valuation methods

The Government promulgated Decree 12/2024/NĐ-CP regulating specifically four land valuation methods.
Government issues new regulations on land valuation

Government issues new regulations on land valuation

The domestic real estate market will have four land valuation methods instead of the current five methods, according to a new decree issued by the Government on February 5.
Proposing to have information sharing mechanism in price management

Proposing to have information sharing mechanism in price management

VCN - In the draft Decree detailing and implementing measures for a number of articles of the 2023 Price Law, the Ministry of Finance has proposed many specific tasks for price stabilization as well as market price analysis and forecasting.
Policy on imported goods for export processing without a processing facility

Policy on imported goods for export processing without a processing facility

VCN - The General Department of Customs has just instructed the Hanoi Customs Department to implement regulations on importing goods for export processing without a processing facility in Vietnamese territory.
Proposing for state-owned enterprises to divest capital from loss-making enterprises

Proposing for state-owned enterprises to divest capital from loss-making enterprises

VCN - The Ministry of Finance is proposing to amend regulations on removing obstacles for enterprises in which the State holds more than 50% of charter capital in the direction of building a legal basis for these enterprises to divest capital from other e
Untangling procedures for companies to import new products

Untangling procedures for companies to import new products

VCN - According to Da Nang Customs Department, during the customs procedures, the department received feedback from companies that want to expand their range of new products but are unsure about the correct customs declaration procedures and wish to avoid
Hanoi Customs proposes several solutions to tackle drugs smuggling by air

Hanoi Customs proposes several solutions to tackle drugs smuggling by air

To tackle this effectively, two-way information exchange and experience sharing should be strengthened to quickly detect tricks and new types of drugs. It is one of the key solutions.
Binh Phuoc Customs prosecuted many cashew smuggling cases

Binh Phuoc Customs prosecuted many cashew smuggling cases

VCN - After prosecuting 6 cases related to cashew smuggling in 2022 and 2023, Binh Phuoc Customs Department continued to detect and prosecute 2 cashew smuggling cases. After prosecuting 6 cases related to cashew smuggling in 2022 and 2023, Binh Phuoc
Several real estate businesses were forced to pay taxes

Several real estate businesses were forced to pay taxes

Many real estate businesses with tens of billions of VND in tax debt have been forced by the Customs authority to stop customs procedures at the request of the Tax authority.
Improving effectiveness of anti-drug, precursor control

Improving effectiveness of anti-drug, precursor control

VCN - Drug crimes are still complicated, requiring the Customs, especially the anti-drug team, to always uphold the spirit of vigilance and drastically deploy professional measures to promptly fight, detect, seize and handle violations.
Many businesses enforced for large tax debts

Many businesses enforced for large tax debts

VCN - Ho Chi Minh City Customs Department have taken enforcement measures to many businesses who delayed tax debt payment at the request of the tax agencies.
Transnational drug crimes are still complicated

Transnational drug crimes are still complicated

VCN - In the first month of 2024, illegal trading and transportation of drugs across the border is still extremely complicated, with a sudden increase in the scale and number of violations.
Quang Ninh prevents hot spots for smuggling

Quang Ninh prevents hot spots for smuggling

VCN - In addition, the Committee prevents hot spots for smuggling, trade fraud and counterfeit goods by land, sea, air and domestic routes.
Achievement in anti-smuggling of Quang Binh Customs Department in the first days of the year

Achievement in anti-smuggling of Quang Binh Customs Department in the first days of the year

VCN - On January 22, the law enforcement forces including Customs Enforcement Team (Quang Binh Customs Department), Quang Binh Police, Quang Binh Border Guard received information on a passenger car moving from Quang Tri to the North and carrying a suspec
Customs and Police coordinate effectively and have no tolerance for drug crimes

Customs and Police coordinate effectively and have no tolerance for drug crimes

VCN - On the afternoon of January 19, at the Hanoi Customs Department, the Ministry of Finance and the Ministry of Public Security coordinated to organize a conference on drug prevention by air. Minister of Finance Ho Duc Phoc and Lieutenant General and D
Footwear exports see promising signals

Footwear exports see promising signals

With orders secured for the second quarter, activities are in full swing in many leather and footwear production plants, bringing about the hope for a year of buoyant exports.
Spending over US$11 billion to import one group of commodities in less than two months

Spending over US$11 billion to import one group of commodities in less than two months

By the end of February, Vietnam had spent US$11.34 billion to import computers, electronic products and components.
Big opportunities for rice exports in 2024

Big opportunities for rice exports in 2024

Positive prospects are forecast for Vietnam’s rice export in 2024, with bright signs in both market and price.
Vietnam-Australia trade ties expected to grow further

Vietnam-Australia trade ties expected to grow further

Vietnamese Prime Minister Pham Minh Chinh’s official visit to Australia is expected to create new momentum for the bilateral relations, including their trade ties.
Many opportunities to develop the semiconductor industry in the Southeast region

Many opportunities to develop the semiconductor industry in the Southeast region

According to foreign investors, Vietnam is a particularly attractive market for the cooperation and development of the semiconductor industry.
Many real estate businesses face difficulties of cash flow

Many real estate businesses face difficulties of cash flow

VCN - Although many policies to overcome difficulties have been put forward by the Government, ministries and branches but many real estate businesses face the situation of being "thirsty for money". Finding solutions to unlock capital sources for the rea
Deep processing increases agricultural product export value: experts

Deep processing increases agricultural product export value: experts

The current proportion of processed pepper products for export stands at a mere 30%, indicating the need for a significant improvement.
Shipping companies are currently charging about ten types of surcharges for goods at seaports

Shipping companies are currently charging about ten types of surcharges for goods at seaports

Visaba has recently expressed concerns that a series of fees and surcharges are unilaterally determined by foreign shipping lines without agreement with customers.
Enterprises expect to "take off" in 2024

Enterprises expect to "take off" in 2024

VCN - In the strategic report for 2024 just released by SSI Securities Company, experts believed that the Vietnamese economy would rebound in 2024 with traditional growth drivers such as trade, public investment, and growth-supporting policies being the g
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
$10.2M in methamphetamine and cocaine hidden in flower shipment seized at Texas-Mexico border

$10.2M in methamphetamine and cocaine hidden in flower shipment seized at Texas-Mexico border

Four days before Christmas 2023, U.S. Customs and Border Protection officers seized more than $10.2 million in hard narcotics hidden within a commercial shipment of cut flowers.
World Customs Organization welcomes new Secretary General

World Customs Organization welcomes new Secretary General

Today marks a milestone in the history of the World Customs Organization (WCO) as Mr. Ian Saunders officially takes office as the new Secretary General.
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PM attends Vietnam - Australia Business Forum in Melbourne

PM attends Vietnam - Australia Business Forum in Melbourne

Prime Minister Pham Minh Chinh attended the Vietnam - Australia Business Forum in Melbourne on March 5 morning (local time) as part of his ongoing trip to Australia to attend the ASEAN - Australia Special Summit and pay an official visit to Australia.
Footwear exports see promising signals

Footwear exports see promising signals

With orders secured for the second quarter, activities are in full swing in many leather and footwear production plants, bringing about the hope for a year of buoyant exports.
Legal framework for crypto assets to be finalised next year

Legal framework for crypto assets to be finalised next year

The Government has assigned the Ministry of Finance to research and develop a legal framework to ban or regulate crypto assets in May 2025 with an aim to combat money laundering.
FDI sector remains export pillar of Vietnam’s economy

FDI sector remains export pillar of Vietnam’s economy

The foreign direct investment (FDI) sector maintained its role as an export pillar of Vietnam’s economy with revenue of 43.2 billion USD in the first two months of this year, up 14.7%, and accounting for 72.8% of the country’s total export value.
Automate the registration fee management process

Automate the registration fee management process

The General Department of Taxation is reviewing and completing the Draft of the procedure to replace the Registration Fee Management Process for other assets subject to registration fee (except houses and land).
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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