VCN - The tricks that trafficker use to illegally transport drugs via air and express delivery are increasingly sophisticated, complex, and constantly changing to bypass the Customs and management authorities.

Vietnam Customs is always an active member in implementing regional customs cooperation initiative programs regarding international cooperation on customs within the ASEAN community.

VCN - At the conference, Ms. Nguyen Thu Nhieu, Director of Ha Nam Ninh Customs Department said that the Customs industry has actively developed a Digital Customs and Smart Customs model.

VCN - One of the key tasks that Dong Thap Customs Department has focused on in recent times is the work of guiding and answering timely procedures for businesses, in which the Professional Department - Dong Thap Customs Department has proactively responde

Vietnam has completed phase 1 of piloting the exchange of export declaration with Eurasian Economic Union.

VCN - In 2024, Ho Chi Minh City Customs Department is assigned a state budget revenue estimate of VND 130,800 billion.

Da Nang Customs Department collaborated with Vietnam Industry Supporting Alliance (VISA) and InterLOG to hold a seminar with the topic "Customs Settlement Report"

VCN - According to Lang Son Customs Department, the local operators have met regulations in Decree 68/2016/ND-CP amended and supplemented in Decree 67/2020/ND-CP.

VCN - On the afternoon of April 12, 2024, at the headquarters of Quang Tri Customs Department, the General Department of Customs organized a reward program for collectives and individuals of the Customs, Police, and Border Guard who have achieved outstand

The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).

VCN - The production and business situation in the first quarter of 2024 of the state-owned enterprise sector continues to have many bright spots with many financial targets completed or exceeding the set plan. This is the premise for positive business re

A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.

VCN - According to the Ministry of Finance's report, as of the end of March, the total unallocated investment is VND25,654.7 billion, accounting for 3.9% of the target assigned by the Prime Minister.

VCN - Implementing fiscal policies to support the economy, the Ministry of Finance has advised and offered many unprecedented solutions to reduce taxes, fees and charges, thereby supporting people and businesses to overcome difficulties, restore productio

According to BSC, foreign investors sold a net total of VNĐ11.55 trillion across all three exchanges in the first three months of 2024, equivalent to 50.62 per cent of the total net selling value in 2023. The selling pressure came from active funds and ETFs, resulting in a continued net withdrawal state and exerting pressure on the market.

According to experts, the prosperity of the banking industry in the period came from many supporting factors, including favourable policies to credit growth.

VCN - According to the report from the Ministry of Finance, the cumulative state budget revenue in the first quarter of 2024 reached 539.5 trillion VND, equal to 31.7% of the estimate, an increase of 9.8% compared to the same period in 2023.

VCN - Applying “International Financial Reporting Standards (IFRS) will help businesses improve the quality of financial reporting and enhance the quality of explanation, but there are still many difficulties in transformation.

The Government assigned the Ministry of Finance to summarize and evaluate the results of reducing VAT rates to report to National Assembly for consideration and allowing to implementing in the second half of 2024.

VCN - The Ministry of Health, according to its assigned functions, tasks and authority, presides and coordinates with the Ministry of Finance and relevant agencies to urgently review, research, amend and complete the Ministry's regulations on import and e

The Ministry of Finance has responded to the suggestions of VAMA regarding the adjustment of reducing automobile volume to apply a tax rate of 0% for imported components and spare parts used for manufacturing automobile

VCN - Enterprises exporting cinnamon essential oil are facing difficulties due to regulations on pharmaceutical trading of the Ministry of Health, leading to hundreds of tons of essential oil being left in stock in raw material areas.

The Ministry of Trade and Industry issued Circular 05/2024/TT-BCT regulating the temporary suspension of temporary import and re-export of Monazite ores and ore concentrates business.

This is one of the contents related to the Customs field recently reported to the National Assembly by the Ministry of Finance.

The Ministry of Trade and Industry promulgated Circular 04/2024/TT-BCT amending and supplementing some articles of Circular 20/2014/TT-BCT dated June 25, 2014 regarding rules of origin in AKFTA

Build a national database on cross-border trade and transport to store and share information to facilitate cross-border trade and transport as well as improve the efficiency and effectiveness of state management.

VCN - The Customs agency has received many proposals from businesses about answering and guiding policies on tax exemption, import tax and VAT refund for export processing enterprises. The General Department of Customs has responded and provided instructi

VCN - The tricks that trafficker use to illegally transport drugs via air and express delivery are increasingly sophisticated, complex, and constantly changing to bypass the Customs and management authorities.

Since the beginning of 2024, the Command of Coast Guard has implemented measures and promptly established a specialized project to fight against criminals, and criminal lines at sea.

Led by Chau Ngoc Anh Khoa, the subjects in the ring traded smuggled cigarettes and made a transaction of smuggled cigarettes with a total amount of hundreds of billions of dong.

VCN - The company declared to import used machinery, equipment, and spare parts worth over 4.6 billion.

The Anti-Smuggling and Investigation Department (GDVC) chaired and held a conference to exchange information between agencies specialized in preventing and combating drug-related crimes

VCN - Total value of infringing goods is about VND720 million.

VCN - Through the inspection, the enforcement force discovered 53 boxes of fireworks, weighing 77 kg.

VCN - Recently, law enforcement forces, including Market Surveillance forces, have implemented many measures and developed many inspection and control plans against acts of intellectual property rights infringement, counterfeit goods and commercial fraud.

Many gold trading enterprises in the domestic market have been unexpectedly inspected by the Market Surveillance force.

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.

VCN - The concept of circular economy and sustainability requirements are increasingly influencing packaging design. In particular, highly recyclable packaging is gradually becoming an important part of the packaging process in the food and beverage indus

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.

Vu Duc Giang, Chairman of Vietnam Textile & Apparel Association shared with Customs News about the production and export situation of Vietnam's textile and garment industry

In 2023, industrial parks and economic zones kept attracting foreign investors with 27.7 billion USD of FDI capital investment

Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.

More than 15 trillion VND (597 million USD) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year, heard participants at a recent conference to discuss measures on maintaining Vietnam's key agricultural exports.

Enterprises' production and export orders have gradually returned, leading to many recovery prospects.

Saudi customs has garnered global acclaim for implementing the two-hour clearance service at all the country’s ports.

VCN - Customs is keen to create a safe environment for all procedures that contribute to the field of customs work for the general interest and work in particular, said an official.

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.

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.

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.

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

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.

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.

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