Innovating gold market management mindset

Innovating gold market management mindset

To better manage the gold market in the current context, Ass. Professor Dr. Nguyen Thuong Lang, believed that a shift in gold market management was needed.
Businesses need support from vietnamese representative offices abroad

Businesses need support from vietnamese representative offices abroad

Several heads of Vietnamese representative offices abroad believe that Vietnamese businesses need to prepare solutions to respond to the changing global economy and meet the increasing demands of the international market.
Vietnam-Cambodia relations expected to enter new development period: official

Vietnam-Cambodia relations expected to enter new development period: official

The upcoming trip to Cambodia by National Assembly (NA) Chairman Tran Thanh Man is expected to advance the relations between the two countries into a new development period on the basis of equality, mutual benefit, effective cooperation, and respect for each other's interests, a legislator has said.
Vietnam emerges as forerunner in global nearshoring trend

Vietnam emerges as forerunner in global nearshoring trend

Vietnam has emerged as a leading destination for companies relocating their production facilities, aiming to protect supply chains from potential disruptions, according to an article published by Brazil’s riotimesonline.com on November 17.
PM’s visit to Dominican Republic to cement ties

PM’s visit to Dominican Republic to cement ties

Following his trip to Rio de Janeiro Brazil for the G20 Summit and bilateral engagements, Prime Minister Pham Minh Chinh, accompanied by his spouse and a high-ranking Vietnamese delegation, is set to embark on an official visit to the Dominican Republic from November 19-21.
Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"

Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"

VCN - 2024 is considered an important pivotal year for the 2021-2025 planning goals, but the difficulties have not yet ended: slow economic growth, geopolitical instability, and escalating inflation after a long period of the pandemic.
"Explosion" of aviation retail with new services

"Explosion" of aviation retail with new services

VCN - After surveying and negotiating, on November 5, 2024, within the framework of the World's Leading Aviation Retail Trade Forum, IPPG and CDFG officially signed a memorandum of understanding on strategic cooperation to develop a chain of duty-free sto
Promoting Vietnam-Laos Customs cooperation

Promoting Vietnam-Laos Customs cooperation

VCN - In his opening speech at the conference, on behalf of Vietnam Customs, Director General Nguyen Van Tho warmly welcomed Director General Phoukhaokham Vannavongxay, and the high-ranking delegation of Laos Customs for visiting and working with Vietnam
Solutions to prevent or fraud of origin and geographical indication violations

Solutions to prevent or fraud of origin and geographical indication violations

The Customs Magazine recently interviewed Nguyen Van Hoan to discuss solutions for combating tax evasion, fraud of origin and geographical indication violations in the coming period.
Counterfeit goods in small e-commerce parcels challenge enforcement agencies

Counterfeit goods in small e-commerce parcels challenge enforcement agencies

The rapid growth of e-commerce has introduced significant challenges for authorities dealing with counterfeit goods
Closely control imported products traded via e-commerce

Closely control imported products traded via e-commerce

VCN - According to the General Department of Vietnam Customs (GDVC), imported products traded via e-commerce surges. Many new e-commerce platforms trading low-price products into Vietnam market have not yet registered operation in Vietnam or have not been
Vietnam Customs attends WCO’s flagship conference

Vietnam Customs attends WCO’s flagship conference

VCN - The conference theme is developed from the WCO's 2024 theme of purposeful cooperation with traditional and new partners. The event attracted over 1,000 registered participants from 117 member Customs administrations, businesses, organizations, and r

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Innovating gold market management mindset

Innovating gold market management mindset

To better manage the gold market in the current context, Ass. Professor Dr. Nguyen Thuong Lang, believed that a shift in gold market management was needed.
Regularly check tax obligations to avoid temporary exit suspension

Regularly check tax obligations to avoid temporary exit suspension

Tax Authority recommends that taxpayers regularly look up their tax obligations to have a plan to pay taxes on time, not letting the tax debt situation drag on and drag on.
Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.
From the “abnormal” coffee price, worries about the new crop

From the “abnormal” coffee price, worries about the new crop

The Vietnamese coffee industry enters the new crop with the question of what is a reasonable price to ensure benefits for coffee growers while still retaining international consumers.
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.
Promoting Vietnam-Laos Customs cooperation

Promoting Vietnam-Laos Customs cooperation

VCN - In his opening speech at the conference, on behalf of Vietnam Customs, Director General Nguyen Van Tho warmly welcomed Director General Phoukhaokham Vannavongxay, and the high-ranking delegation of Laos Customs for visiting and working with Vietnam
Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

VCN - According to the Saigon Port Customs Sub-department, Region 3, the State budget revenue from gasoline accounts for about 80% of the Sub-department's revenue.
Quang Nam Customs facilitates trade and increases revenue

Quang Nam Customs facilitates trade and increases revenue

VCN - Ky Ha Seaport Customs Branch has processed customs clearance for dozens of import and export shipments of goods across Chu Lai port, the branch has implemented many solutions to allocate human resources to support and facilitate businesses.
Quang Tri Customs: Revenue from imported coal plunges

Quang Tri Customs: Revenue from imported coal plunges

VCN - Coal and wood of all kinds are items that contribute greatly to the state budget revenue of Quang Tri Customs Department, but are fluctuating in a downward direction.
Closely control imported products traded via e-commerce

Closely control imported products traded via e-commerce

VCN - According to the General Department of Vietnam Customs (GDVC), imported products traded via e-commerce surges. Many new e-commerce platforms trading low-price products into Vietnam market have not yet registered operation in Vietnam or have not been
Mong Cai Customs sets new record in revenue collection

Mong Cai Customs sets new record in revenue collection

The Mong Cai Border Gate Customs Branch, under the Quang Ninh Customs Department, has set a new record for the highest state revenue collected to date.
Lao Cai Customs attracts over 100 new businesses for customs procedures

Lao Cai Customs attracts over 100 new businesses for customs procedures

Compared to the same period in 2023, the number of businesses handling procedures at Lao Cai border gate customs branch (under Lao Cai Customs Department) has grown by 109 companies.
Vietnam Customs attends WCO’s flagship conference

Vietnam Customs attends WCO’s flagship conference

VCN - The conference theme is developed from the WCO's 2024 theme of purposeful cooperation with traditional and new partners. The event attracted over 1,000 registered participants from 117 member Customs administrations, businesses, organizations, and r
Da Nang Customs joins efforts to establish free trade zone proposal

Da Nang Customs joins efforts to establish free trade zone proposal

Da Nang Customs Department is actively collaborating with local authorities to develop a proposal for Da Nang Free Trade Zone, aiming to drive new economic growth for both the city and the wider region.
Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
State-owned securities company trails competitors

State-owned securities company trails competitors

Contrary to the outstanding performances in the banking sector, the securities subsidiaries of major banks have yet to fully leverage their potential, despite numerous inherent advantages.
Strengthening the financial “health” of state-owned enterprises

Strengthening the financial “health” of state-owned enterprises

VCN - According to the State Capital Management Committee at Enterprises, to date, the country has six hundreds and seventy one SOEs including 6 economic groups, 53 state-owned corporations and 19 LLCs operating under the parent-subsidiary model.
U.S. Treasury continues to affirm Vietnam does not manipulate currency

U.S. Treasury continues to affirm Vietnam does not manipulate currency

In its latest report, the U.S. Department of the Treasury has positively assessed Vietnam's monetary policy, reaffirming that Vietnam does not engage in currency manipulation.
Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.
A “picture” of bank profits in the first nine months of 2024

A “picture” of bank profits in the first nine months of 2024

VCN - Pre-tax profits for banks during the first nine months of 2024 remained positive, exceeding 200 trillion VND, solidifying the sector's position as a market leader.
Many challenges in restructuring public finance

Many challenges in restructuring public finance

VCN - Public finance reform is one of the 6 contents of state administrative reform in the period of 2021 - 2030 according to Resolution 76/NQ-CP dated July 15, 2021 of the Government and this is an important task, contributing to supporting other tasks,
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as t
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
Regularly check tax obligations to avoid temporary exit suspension

Regularly check tax obligations to avoid temporary exit suspension

Tax Authority recommends that taxpayers regularly look up their tax obligations to have a plan to pay taxes on time, not letting the tax debt situation drag on and drag on.
Implementing the SAFE framework in Vietnam: Assessment through the lens of international standards

Implementing the SAFE framework in Vietnam: Assessment through the lens of international standards

The SAFE Framework plays a crucial role in encouraging countries to modernize, enhance security, and facilitate trade within global supply chain management and Authorized Economic Operator (AEO) programs
Proposing the Tax Authority be flexible in applying tax debt enforcement measures simultaneously

Proposing the Tax Authority be flexible in applying tax debt enforcement measures simultaneously

VCN - In the draft revised Law on Tax Administration, the Ministry of Finance proposed amending regulations on measures to enforce administrative decisions on tax administration to remove obstacles in policy mechanism and improve the effectiveness of tax
Many shortcomings in process and manual book on handling administrative violations

Many shortcomings in process and manual book on handling administrative violations

VCN - Legal policies on handling administrative violations have effectively supported the technical work of the Customs sector. However, some legal bases and regulations have been amended, replaced, and supplemented, which have limited the efficiency of h
Implementing the SAFE Framework in Vietnam: Lessons from practice

Implementing the SAFE Framework in Vietnam: Lessons from practice

The SAFE Framework is a strategic international instrument introduced by the World Customs Organization (WCO) to enhance security and trade facilitation in global supply chains
Implementing the SAFE Framework in Vietnam: Solutions and Recommendations

Implementing the SAFE Framework in Vietnam: Solutions and Recommendations

Recognizing the significance, impact, and benefits of the SAFE Framework in customs modernization and reform, Vietnam Customs is advancing the implementation of SAFE.
Abolishing regulations on tax exemption for small-value imported goods must comply with international practices

Abolishing regulations on tax exemption for small-value imported goods must comply with international practices

VCN - The Ministry of Finance said that the abolition of regulations on tax exemption for imported goods valued at less than VND1 million must comply with international practices in the context of the growing trend of cross-border e-commerce activities.
Policy adaptation and acceleration of digital transformation in tax and customs management

Policy adaptation and acceleration of digital transformation in tax and customs management

VCN - In order to contribute to economic growth, tax, customs and logistics management policies need to ensure high adaptability, stability and predictability so that they require little amendment or supplementation.
Implement regulations on special preferential import tariffs under VIFTA

Implement regulations on special preferential import tariffs under VIFTA

VCN - Accordingly, the GDVC directs local customs departments to disseminate and instruct Customs officers and enterprises to carry out customs procedures, and study the provisions of Decree 131/2024/ND-CP to implement customs declaration in accordance wi
Combat cigarette smuggling in the context of increasing excise tax

Combat cigarette smuggling in the context of increasing excise tax

VCN - VCN - The latest data from the General Department of Market Management, Ministry of Industry and Trade shows that despite many efforts by state agencies, the cigarette smuggling situation is still complicated. The latest data from the General Depar
VND 479 Billion contributed to state budget from violations handling

VND 479 Billion contributed to state budget from violations handling

From December 15, 2023, to October 14, 2024, market surveillance forces nationwide conducted inspections of 61,079 cases, uncovering and handling 41,725 violations.
Crackdown on counterfeit goods in e-commerce uncovers widespread violations

Crackdown on counterfeit goods in e-commerce uncovers widespread violations

Although the number of cases uncovered by the Market Surveillance Authority has decreased, the production and sale of goods violating origin, intellectual property, and food safety regulations—especially in e-commerce—have surged compared to last year.
Enforcement authorities busts 67, 000 cases and seizes about 10 tons of drugs

Enforcement authorities busts 67, 000 cases and seizes about 10 tons of drugs

VCN – Since 2022, enforcement authorities have tackled over 67,000 cases and seized over 10 tons of drugs and 7 million synthetic drug pills.
Solutions to prevent or fraud of origin and geographical indication violations

Solutions to prevent or fraud of origin and geographical indication violations

The Customs Magazine recently interviewed Nguyen Van Hoan to discuss solutions for combating tax evasion, fraud of origin and geographical indication violations in the coming period.
Counterfeit goods in small e-commerce parcels challenge enforcement agencies

Counterfeit goods in small e-commerce parcels challenge enforcement agencies

The rapid growth of e-commerce has introduced significant challenges for authorities dealing with counterfeit goods
Ho Chi Minh City Customs: Preventing many cases of importing goods that violate intellectual property rights

Ho Chi Minh City Customs: Preventing many cases of importing goods that violate intellectual property rights

Many businesses importing goods that violate intellectual property rights have been detected and punished by Ho Chi Minh City Customs Department.
Four business directors face exit bans over persistent tax debts

Four business directors face exit bans over persistent tax debts

HCM City Customs Department has issued exit suspension notice for four business directors who have persistently failed to settle their import-export tax debts
Prosecuting a trafficking case of drug hidden in air compressors from France to Vietnam

Prosecuting a trafficking case of drug hidden in air compressors from France to Vietnam

VCN - Hanoi City Police have issued a decision to prosecute the case and a suspect for illegally transporting drugs from France to Vietnam.
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.
From the “abnormal” coffee price, worries about the new crop

From the “abnormal” coffee price, worries about the new crop

The Vietnamese coffee industry enters the new crop with the question of what is a reasonable price to ensure benefits for coffee growers while still retaining international consumers.
What obstacles limit the market share of Vietnamese goods in the UK?

What obstacles limit the market share of Vietnamese goods in the UK?

VCN - Vietnamese goods account for only about 1% of total imports into the UK market. One of the reasons is that they have not yet built their own brands and have not focused on effective strategies and approaches to market information.
Why seafood exports to some Middle Eastern Countries are stalled

Why seafood exports to some Middle Eastern Countries are stalled

Several shipments of seafood exported to certain Middle Eastern countries have been delayed due to legal challenges related to consular legalization procedures.
Storm No. 3 destroys profits of many insurance companies

Storm No. 3 destroys profits of many insurance companies

Due to the impact of storm No. 3, the business results of the third quarter and the first 9 months of 2024 of the insurance sector have been significantly affected.
Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Cooperation in the Halal industry can help Vietnamese products reach nearly 2 billion Muslim consumers worldwide, representing over 24% of the global population, according to Malaysia’s Minister of Investment, Trade, and Industry Zafrul Abdul Aziz.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Developing supporting industries for the billion-dollar export commodity groups

Developing supporting industries for the billion-dollar export commodity groups

Electronic products and components are one of export commodity groups with turnover exceeding one billion USD, but the supporting industry for this group is still modest.
Village craft products conquer the world

Village craft products conquer the world

Vietnam's handicraft products have significant potential to captivate international customers, enhancing export value and revenue.
The Philippines Pioneers Corruption Risk Mapping to Strengthen Integrity and Trade Facilitation in Customs

The Philippines Pioneers Corruption Risk Mapping to Strengthen Integrity and Trade Facilitation in Customs

VCN - The Bureau of Customs of The Philippines (BOC) has taken a groundbreaking step towards enhancing transparency and accountability by implementing an innovative approach to corruption risk mapping with support from the World Customs Organization (WCO)
US customs clamps down on vague cargo descriptions

US customs clamps down on vague cargo descriptions

US Customs and Border Protection (CBP) is clamping down on the use of vague descriptions of shipments submitted through the Air Cargo Advance Screening (ACAS).
Uzbekistan Signs Customs Agreement With U.S.

Uzbekistan Signs Customs Agreement With U.S.

VCN - The heads of the Uzbek and American customs services have signed an agreement “On Cooperation and Mutual Assistance,” an essential legal basis of cooperation in customs. The deal was signed in a bilateral meeting between the Chairman of the Uzbekist
Hong Kong customs seizes B42.5m of smuggled platinum, its largest haul in 20 years

Hong Kong customs seizes B42.5m of smuggled platinum, its largest haul in 20 years

VCN - Hong Kong customs has claimed its biggest haul of smuggled platinum in two decades, seizing HKcopy0 million (42.5 million baht) worth of the metal hidden in a battery box at the bottom of a Shenzhen-bound truck.
Customs Affairs conducts training programme for OFOQ2 Single Window System

Customs Affairs conducts training programme for OFOQ2 Single Window System

Manama, Aug. 14 (BNA): The Customs Affairs has completed a training programme for users of the Customs Single Window (OFOQ2) system, including competent authorities and customs clearance offices. The training was conducted by Customs Affairs trainers with the participation of specialists from various customs directorates.
Abu Dhabi Customs equips sea customs centres with five advanced inspection devices

Abu Dhabi Customs equips sea customs centres with five advanced inspection devices

VCN - The General Administration of Abu Dhabi Customs has completed a project to equip its sea customs centers with advanced inspection devices as part of its ongoing efforts to enhance the efficiency of customs operations across the border ports of Abu D
Customs rules get stringent at Singapore

Customs rules get stringent at Singapore

VCN - The FTZ regulations require cargo interests to submit import cargo information on long-haul trades 12 hours prior to each vessel’s arrival at berth in Singapore Port and for short-haul trades
Sabah Customs seizes over RM600,000 worth of drugs

Sabah Customs seizes over RM600,000 worth of drugs

VCN - A teenager was among two suspected drug mules nabbed with over 20kg of drugs valued at around RM667,729.44 from two airports in the state recently.
Hong Kong customs to use AI to check 6,000 digital images in seconds for crime-fighting boost

Hong Kong customs to use AI to check 6,000 digital images in seconds for crime-fighting boost

Hong Kong customs will establish a new artificial intelligence (AI) system that can process up to an hour of surveillance camera footage or about 6,000 images within seconds to crack down on crimes involving digital evidence.
Latest Most read
Innovating gold market management mindset

Innovating gold market management mindset

To better manage the gold market in the current context, Ass. Professor Dr. Nguyen Thuong Lang, believed that a shift in gold market management was needed.
Regularly check tax obligations to avoid temporary exit suspension

Regularly check tax obligations to avoid temporary exit suspension

Tax Authority recommends that taxpayers regularly look up their tax obligations to have a plan to pay taxes on time, not letting the tax debt situation drag on and drag on.
Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.
From the “abnormal” coffee price, worries about the new crop

From the “abnormal” coffee price, worries about the new crop

The Vietnamese coffee industry enters the new crop with the question of what is a reasonable price to ensure benefits for coffee growers while still retaining international consumers.
Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

Top leader’s visit marks new milestone in Vietnam - China friendly neighbourliness

Top leader’s visit marks new milestone in Vietnam - China friendly neighbourliness

Hanoi Customs, Vientiane Customs (Laos) cooperate to exchange information

Hanoi Customs, Vientiane Customs (Laos) cooperate to exchange information

PM orders enhanced price management measures

PM orders enhanced price management measures

Vietnam, Cambodia look forward to 20 billion USD trade

Vietnam, Cambodia look forward to 20 billion USD trade

Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references Top leader’s visit marks new milestone in Vietnam - China friendly neighbourliness Hanoi Customs, Vientiane Customs (Laos) cooperate to exchange information PM orders enhanced price management measures Vietnam, Cambodia look forward to 20 billion USD trade
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