362,000 C/O form AK and VK/KV are received via EODES system

By Ngọc Linh/Thanh Thuy

09:21 | 25/07/2024 Customs Follow english.haiquanonline.com.vn on

VCN - As of early July 2024, about 362,000 C/Os have been transmitted and received through the Electronic Origin Data Exchange System (EODES), of which more than 124,000 C/Os were issued by the Korean side and more than 238,000 C/Os were issued by Vietnam.

Professional activities at Hon Gai Port Border Gate Customs Branch, Quang Ninh Customs Department. Photo: Quang Hùng

The EODES has been technically connected since July 1, 2023, to transmit and receive electronic Certificate of Origin (C/O) data in AK and VK/KV forms within the framework of the Vietnam-Korea Free Trade Agreement (VKFTA) and the Comprehensive Economic Cooperation Framework Agreement between the ASEAN Member States and Korea (AKFTA).

During a recent meeting and working session on the EODES System between the General Department of Vietnam Customs and a delegation from Korea Customs (July 10-12, 2024) in Vietnam, both sides acknowledged the significant benefits that the system brings, including reduced time for issuing electronic C/Os in the exporting country; lower costs for businesses; facilitation and reduced inspection time for determining preferential treatment by customs authorities for imported goods with AK and VK/KV C/Os; a foundation for Vietnam and Korea to gradually move towards full electronic C/O issuance within the framework of FTAs of which both countries are members

The EODES System aims to maximize convenience for businesses and further promote trade, investment, and production activities between enterprises of the two countries.

Based on the operation and evaluation of the EODES System after one year of official implementation, the two countries have also reviewed and summarized the difficulties and technical errors encountered, and have worked together to identify the causes and coordinate solutions. These include non-receipt of C/O; C/O missing information or not presented in accordance with regulations.

As of now, most of the technical difficulties and errors that have arisen have been handled and resolved, ensuring optimal benefits for both relevant agencies and businesses.

In the future, to further improve the EODES System, the two countries have also agreed to implement solutions to synchronize information between C/Os received through the EODES System and C/Os checked on the website of the issuing agency; correct the lack of invoice information on C/Os; and develop a C/O validity verification function on the System to facilitate the tracking of the verification process and record keeping.

By Ngọc Linh/Thanh Thuy

Tags:

Related News

Minister of Finance Nguyen Van Thang: Facilitating trade, ensuring national security, and preventing budget losses

19:09 | 21/12/2024 Customs

VCN - Vietnam's total import-export turnover for 2024 is estimated to reach US$782.33 billion, a remarkable achievement driven by the proactive and dedicated efforts of officials and staff at the General Department of Vietnam Customs.

Counterfeit and intellectual property infringing goods are becoming more sophisticated

10:31 | 10/12/2024 Anti-Smuggling

VCN - In recent times, several containers of counterfeit goods imitating well-known brands and violating intellectual property (IP) rights have been intercepted by Customs authorities at border checkpoints. In an interview with Customs Magazine, Vu Hoai Linh, Deputy Head of Intellectual Property Rights Protection Enforcement Unit (Unit 4) under the Anti-Smuggling and Investigation Department, shared critical solutions to combat and prevent these violations.

Raising the position if Vietnam does not want to become a new "assembly factory"

13:41 | 04/12/2024 Headlines

VCN - A more aggressive version of “America First” is predicted when Donald Trump takes office as the 47th President of the United States. According to Associate Professor Dr. Pham Thi Thu Tra, Head of the Economics and Finance Department, RMIT University Vietnam, Vietnam needs to raise its position in the global value chain to seize opportunities if it does not want to become a new “assembly factory” of the world.

New Steering Committee to spearhead Customs Reform and Modernization

10:49 | 23/11/2024 Customs

VCN - The General Department of Vietnam Customs has taken a decisive step toward transforming Vietnam's customs sector with the establishment of the Customs Reform and Modernization Steering Committee. The newly formed body is tasked with crafting strategies and guiding the sector's short-, medium-, and long-term reform and modernization efforts.

Latest News

Ba Ria - Vung Tau Customs strives to be ready to effectively implement the new organizational model

09:01 | 24/12/2024 Customs

VCN - In the afternoon of December 20, Ba Ria - Vung Tau Customs Department held a conference to summarize the work in 2024 and deploy tasks in 2025. Deputy Director General Luu Manh Tuong attended and gave a speech.

Mong Cai Border Gate Customs Branch tops CDCI

09:00 | 24/12/2024 Customs

VCN - According to the announcement of the Customs Department Competitiveness Index (CDCI 2024) by Quang Ninh Customs Department, Mong Cai Customs Branch tops the index with a score of 92.65. This is the second consecutive year that Mong Cai Border Gate Customs Branch has topped the CDCI.

Ho Chi Minh City Customs: Satisfactorily resolving problems for Japanese businesses

11:07 | 23/12/2024 Customs

VCN - At the recent roundtable conference between Ho Chi Minh City Government and Japanese Business Association in Ho Chi Minh City, businesses were satisfied with the guidance and answers from the Customs agency.

Official implementation of the program encouraging enterprises to voluntarily comply with Customs Laws

18:31 | 21/12/2024 Customs

VCN - After a two-year pilot phase, the Customs sector has officially launched the program encouraging enterprises to voluntarily comply with customs laws as of December 4, 2024, with the goal of enhancing compliance levels and ensuring consistent adherence among enterprises.

More News

Proactive plan to meet customs management requirements at Long Thanh International Airport

18:30 | 21/12/2024 Customs

VCN - Director of Dong Nai Customs Department Le Van Thung requested the Ministry of Finance and the General Department of Customs to pay attention to directing so that after arranging and streamlining the apparatus, human resources can be immediately prepared to serve Customs at Long Thanh International Airport.

An Giang Customs issues many notes to help businesses improve compliance

09:29 | 20/12/2024 Customs

VCN - On December 17, An Giang Customs Department held a dialogue conference with over 50 import-export enterprises in the area. This is the second dialogue conference organized by An Giang Customs Department this year.

Hai Phong Customs processes over 250,000 declarations in November

15:18 | 19/12/2024 Customs

VCN - In November 2024, the Hai Phong Customs Department processed 251,983 import-export declarations.

Achievements in revenue collection are a premise for breakthroughs in 2025

09:57 | 18/12/2024 Customs

VCN – Motivated by great efforts and effective implementation of solutions, as of December 10 the total State revenue from imports and exports saw a year-on-year increase of 13.8% to VND397,861 billion, meeting 106.1% of the estimate. The revenue us estimated to reach VND420,000 billion, meeting 112 % of the estimate, up 13.9% over the same period in 2023. The achievements in 2024 are a premise for a breakthrough in revenue collection in 2025.

Binh Duong Customs surpasses budget revenue target by over VND16.8 Trillion

09:39 | 18/12/2024 Customs

VCN - As of November 30, 2024, the total budget revenue collected by the Binh Duong Customs Department reached VND16.872 trillion, achieving 100.43% of the assigned target and 98.67% of the aspirational target, representing a 14.45% increase compared to the same period last year.

Director General Nguyen Van Tho: Customs sector strives to excellently complete 2025 tasks

16:55 | 17/12/2024 Customs

VCN - Concluding the conference, Director General of Vietnam Customs Nguyen Van Tho suggested many goals and solutions for the entire sector in 2025. Customs Magazine respectfully introduces the important contents in the Director General's concluding remarks.

Customs sector deploys work in 2025

16:43 | 17/12/2024 Customs

VCN - On December 16, the General Department of Customs held an online conference to review the results of work in 2024 and deploy tasks for 2025. Minister of Finance Nguyen Van Thang attended and directed the conference. Director General Nguyen Van Tho chaired the conference. Attending the conference were former Director General of Customs General Department Nguyen Van Can, former Deputy Director General of Customs General Department of Customs Hoang Viet Cuong and Deputy Directors General: Luu Manh Tuong, Dinh Ngoc Thang, Au Anh Tuan, Tran Duc Hung and representatives of a number of departments, bureaus and general departments under the Ministry of Finance.

Mong Cai Border Gate Customs Branch makes great effort in performing work

11:23 | 16/12/2024 Customs

VCN – When the night falls in a cold winter in Mong Cai city, many people have dinner with their families, officials of Mong Cai Border Gate Customs Branch (Quang Ninh Customs Department) still process customs clearance procedures at check points.

Declarations and turnover of imported and exported goods processed by Lao Bao Customs surge

09:17 | 15/12/2024 Customs

VCN- By the end of November 30, Lao Bao Border Gate Customs Branch (Quang Tri Customs Department) had processed procedures for 9,337 import-export declarations, up 26.6%, with the import-export turnover of US$553.48 million, up 45.9% year-on-year.

Your care

Latest Most read