VCN - Notably, one item has been declared different codes or insufficient information, false declaration of goods nature, tax rate, taxes for on-site import and export goods….

VCN – Under the theme “Embracing the Digital Age: Leveraging Technology, Fostering Innovation, and Nurturing the Next Generation of Customs Professionals”, the 2023 WCO Technology Conference and Exhibition will take place from October 10-12, in Hanoi, Vietnam.

VCN – Currently, accompanying businesses are resolving difficulties and supporting them in seeking new business opportunities.

VCN – Through 70 years of construction and growth, Lang Son Customs Department has continuously grown in all aspects and continuously reaped encouraging achievements, notably breakthroughs in administrative procedure reform, customs modernization and trad

VCN - The Department has disseminated and improved the efficiency of e-tax payment and customs clearance 24/7 to create maximum favourable conditions for quick collection and payment, shorten the time of circulating tax payment documents, and prevent erro

VCN - In August, Cao Bang Customs Department’s revenue increased 24% month-on-month to VND80.74 billion.

VCN - According to the General Department of Vietnam Customs, in the first half of August, the Customs sector performed 229 post-clearance audits, including 108 audits at the customs declarant’s premises and 121 audits at the Customs’ offices.

VCN - In the year's third quarter, the Branch attracted 11 new enterprises carrying out customs procedures with 38 declarations with a turnover of US$ 20.27 million.

VCN - On August 31, Binh Phuoc Customs Department suspended relevant customs officers from work to clarify responsibilities and provide records and documents to the investigation authority.

The Bank for International Settlements (BIS) will continue to accompany and support the State Bank of Vietnam (SBV) in investing in payment and financial infrastructure development and promoting digital transformation, contributing to improving risk management in the local banking sector, stated BIS General Manager Agustin Carstens.

VCN – The leaders of the Ministry of Finance requests heads of units under the Ministry to fully and effectively implement resolutions, guidelines and policies of the Party and State on encouraging business development; protecting the legal property owner

VCN - At the opening of the training course, Deputy Director of Reform and Modernization Board Hoang Thi Lan Anh said that digital transformation is the use of data and digital technology to reform working method aiming to improve management efficiency an

VCN - In the first 8 months of 2023, total state budget revenue is estimated to reach 1,124.5 trillion VND, equal to 69.4% of the estimate, down 8.8% compared to the same period in 2022. Domestic revenue is estimated to reach nearly 931 trillion VND, equa

It is expected that biometric authentication such as fingerprint, iris, or facial recognition will be mandatory for money transfers exceeding the minimum level, possibly starting from 10 million VND (410.93 USD), said Deputy Head of the State Bank of Vietnam (SBV)’s Payment Department Le Anh Dung at a September 19 seminar on protecting bank accounts from increasing online fraud risks.

VCN - In 2020, the Ministry of Finance issued Decree No. 123/2020/ND-CP regulating invoices and documents, aiming to apply e-invoices to enterprises, businesses organizations and individuals from July 1; encourage agencies, organizations and individuals t

VCN - VN30 index futures contract product sees an increase in trading volume of 49.51%, an average of 228,360 contracts/session, and an average transaction value (in contract terms) of VND 27,815 billion/session, an increase of 57.23% from the previous mo

Two more State-run commercial banks, Vietinbank and BIDV, on September 19 lowered their deposit interest rates matching the lowest level recorded during the COVID-19 pandemic.

VCN - The General Department of Taxation has just issued a decision approving the specialized inspection plan for 2023. According to the list of businesses attached to this decision, there are 42 enterprises in many industries under the management of eigh

VCN - A foreign-invested enterprise completed procedures to export dozens of shipments of used electronic components. The customs suspected the exported goods as waste but encountered difficulties in identifying the goods.

VCN - Based on the provisions of the land law, the land rental payable of projects is high or low depending on four factors: the land area for lease; land rent price; percentage rate; State’s policies of deduction, exemption. Of which, the main factors ar

VCN - According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Ministry of Finance has directed to handle or advise the handling authority related to the petitions of seafood enterprises.

VCN - Some foreign direct investment (FDI) enterprises have encountered difficulties in customs procedures for exporting goods of imported origin wihout undergoing processing. The Customs authority have provided timely response and guidance.

VCN - Regarding the identification of Vietnamese products and goods, made in Vietnam, since the Ministry of Industry and Trade proposed to the Government, until now, after 5 years, it has not been able to be issued.

VCN - At the proposal of the National Assembly Delegation of Dong Nai province about the implementation of legal policies on debt forgiveness and guidance on customs value declaration for imported goods over 10 years, subject to investment incentives but

VCN - SBV Deputy Governor Dao Minh Tu assessed that, in recent years, basically, the operation of people's credit unions is safe and healthy, and some places with limitations have also been detected and rectified soon. Many funds have had development in t

New regulations on the operation of money exchange agents of bordering countries and eligibility requirements for foreign loans without the Government’s guarantee will officially take effect from August, 2023.

VCN - The General Department of Vietnam Customs (GDVC) has instructed local customs departments on the declaration for additional submission of C/O for imported petroleum products.

VCN - Notably, the counterfeit goods, smuggled goods, banned goods, low-quality goods and unknown origin goods have been widely sold on e-ecommerce environment. This situation on traditional market has not yet prevented.

VCN - After more than one year of investigation and verification, the Southern Region Anti-Smuggling Control Team (Team 3) of the Anti-Smuggling Investigation Department under the General Department of Customs has exposed the fraudulent tricks of an enter

VCN - At the scene, the working team seized 18,000 tablets of synthetic drugs.

VCN - Director of the Counter-Narcotics Police Department under the Ministry of Public Security, Major General Nguyen Van Vien, led the Ministry's delegation to attend the meeting.

VCN - In the context of import and export turnover continuously decreasing, however, fruit and vegetable products' import and export turnover in the first seven months of the year reached US$ 3.23 billion.

VCN - Currently, the new generation tobacco management policy is still lacking, so this product is not allowed to circulate. However, new generation tobacco products are mostly portable and smuggled products that are still publicly available for sale, and are easily accessible and used by consumers. Many opinions that a comprehensive and synchronous legal framework is needed to manage the operationally informal market.

VCN - On August 24, the Market Surveillance force detected a huge volume of smuggled goods including 7,800 foreign-made knives in Ha Tien City, Kien Giang province.

VCN - Drugs are a global problem, so international cooperation to prevent and combat this dangerous crime is extremely necessary and is being increasingly implemented by Vietnam.

VCN - According to the Vietnam Directorate of Market Surveillance, the illegal cross-border transportation of goods has been closely controlled by law enforcement forces at the two sides of border gates.

Vietnam’s tra fish exports to the US is expecting a better outlook in the remaining months of this year after getting some good news.

VCN - From the beginning of the year until now, many key transportation projects across the country have been started, constructed and put into operation, expected to create new momentum for key economic regions and driving force for economic development

More than 100 Vietnamese, Lao, and Cambodian experts, managers, and diplomats joined an international conference on the three countries’ trade and investment cooperation given the digital economy, which took place in Ho Chi Minh City on September 20.

Vietnam’s fertiliser import volume reached the highest in more than two years in August, according to the General Department of Customs, while prices fell over the previous year.

VCN - Mr. Dinh Sy Minh Lang, European-American Market Department (Ministry of Industry and Trade) said at the Trade Promotion Workshop to the EU market, "Taking advantage of preferential opportunities for agricultural products from EVFTA in the new contex

Hanoi is working to cultivate high-quality rice varieties in 80% of the local rice farming area in a bid to build trademark for the product in the 2021-2025 period.

VCN - To support parties involved in transactions using protected online payments, shortly, the Center for Informatics and Digital Technology is expected to launch a system to ensure transactions in e-commerce.

VCN - The EC's IUU "yellow card" has constantly declined Vietnam's seafood exports to this market from 2017 until now. Comparing the export results of 2017-2019, after 2 years of being affected by the IUU "yellow card", seafood export turnover to the EU m

Vietnam plays an important role in the supply chains of major sporting goods brands such as Adidas and Nike, which are taking actions to promote green and sustainable production in the country, heard a recent workshop held in Geneva, Switzerland.

Dubai South, the largest single-urban master development focusing on aviation, logistics, and real estate, has announced the completion of its blockchain integration system in partnership with Dubai Customs. This makes it the first free zone in Dubai to achieve this milestone. The integration was executed as part of Dubai South’s commitment to the overarching objectives of the Dubai eCommerce strategy. This strategy aspires to position Dubai as the region’s premier logistics hub and attract foreign direct investments into the e-commerce sector.

The Nigeria Customs Service, NCS, is currently in the final stages of integrating its Information Technology, IT, systems with that of the Federal Road Safety Corps, FRSC, to curb the smuggling of vehicles into the country.

Between 1 April 2020 and 30 June 2023, the World Customs Organization (WCO) collaborated with eight Member administrations of the Asia-Pacific (A/P) region to successfully implement the Asia-Pacific Plastic Waste (APPW) Project. This vital regional initiative, financially supported by the Government of Japan, aimed to tackle the environmental threats posed by poorly managed trade in plastic waste.

The World Customs Organization and the International Civil Aviation Organization (ICAO) have released a revised brochure titled “Moving Air Cargo Globally - Air Cargo and Mail Secure Supply Chain and Facilitation”. The brochure aims to assist air transport regulators and operators in mitigating security threats associated with air cargo activities.

On 21 June 2023, the WCO Policy Commission and the Private Sector Consultative Group (PSCG) held a Dialogue session. This event was preceded by a separate PSCG meeting on 19 and 20 June. The purpose of the Dialogue was to foster collaboration and discuss pressing issues related to trade facilitation, sustainability, and business continuity across borders.

The 141st/142nd Sessions of the World Customs Organization (WCO) Council, the highest decision-making body of the Organization, were held at WCO Headquarters in Brussels, Belgium from 22 to 24 June 2023. The Sessions saw the participation of Directors General of Customs representing the WCO’s 185 Members.

Chinese customs authorities on Tuesday said they had launched 16 initiatives to optimize the country's business environment.

The General Department of Customs and Excise of Cambodia (GDCEC) and China’s General Administration of Customs have agreed to modernise their interactions through the use of information technology. They are drafting a memorandum of understanding (MoU) tha

A new automation system for customs declarations promises to reduce the customs process for trucks carrying multiple products into the UK in a bid to make imports more efficient ahead of the upcoming Brexit checks.