Get opinion on draft circular supplementing and amending regulations on risk management

Get opinion on draft circular supplementing and amending regulations on risk management

VCN – On August 15, Deputy Director General of Vietnam Customs Hoang Viet Cuong chaired an Online conference getting opinion on draft circular supplementing and amending Circular 81/2019/TT-BTC regulating risk management in customs control.
Customs develops Circular on customs procedures for imports amid Covid-19 pandemic

Customs develops Circular on customs procedures for imports amid Covid-19 pandemic

VCN –The circular also facilitates customs declarants in customs clearance, ensuring the dual goals of effectively p reventing disease while maintaining smooth imports and exports.
12 legal documents issued

12 legal documents issued

VCN - In 2020, the General Department of Customs worked closely with ministries and agencies under the Government to develop and submit draft documents to authorities for promulgation of 12 legal documents.
Circular on C/O submission time amid Covid-19 pandemic

Circular on C/O submission time amid Covid-19 pandemic

VCN – On May 27, the Ministry of Finance issued Circular No. 47/2020/TT-BTC stipulating C/O submission time and form for imports and exports amid the acute respiratory disease caused by coronavirus (Covid-19).
Circular developed to remove difficulties for enterprises in C/O submission

Circular developed to remove difficulties for enterprises in C/O submission

VCN – A draft circular on C/O submission for import and export goods amid the acute respiratory infection caused by Coronavirus, is necessary and creates an urgent solution to remove difficulties for production and business amid the Covid-19 pandemic.
Merging two circulars providing customs value of imports and exports

Merging two circulars providing customs value of imports and exports

VCN - On April 23, the Ministry of Finance issued Document No. 21 / VBHN-BTC to merge Circular 39/2015 / TT-BTC and Circular 60/2019 / TT-BTC regulating the customs value for imports and exports.
Revising two key circulars in Customs

Revising two key circulars in Customs

VCN- On September 11, at the headquarters of Hai Phong Customs Department, the General Department of Vietnam Customs held a seminar to review the contents of the Circular amending and supplementing Circular 38 and Circular 39.
Continue to review and complete the Draft Circular on Customs procedures

Continue to review and complete the Draft Circular on Customs procedures

VCN- Representatives of units under the Ministry of Finance, the General Department of Vietnam Customs and local customs departments participated in the meeting.
Circular guiding the implementation of e-invoice will remove obstacles for businesses

Circular guiding the implementation of e-invoice will remove obstacles for businesses

VCN- The Ministry has created a legal framework to enhance the efficiency and effectiveness of managing invoices to prevent the use of illegal invoices for trade fraud and tax evasion.
Consult on amendments to regulations on Customs valuation

Consult on amendments to regulations on Customs valuation

VCN- At the meeting all comments were received by the drafting board and it will amend and supplement the Draft revised circular 39/2015/TT-BTC.
Be cautious when reducing the compulsory reserve ratio

Be cautious when reducing the compulsory reserve ratio

VCN - The State Bank of Vietnam (SBV) is collecting comments on the draft Circular on compulsory reserves of credit institutions and branches of foreign banks. These new regulations are expected to have an impact in both directions for the money market wh
Amending Circular and rectifying Customs brokers’ operation

Amending Circular and rectifying Customs brokers’ operation

VCN- In order to handle the granting and use of the goods owner's introduction letter for carrying out Customs procedures as the staff of goods owner’s company, the regulations on goods owner’s responsibility are expected to be supplemented in the draft C
Not to allow foreign goods to make use of Vietnamese origin

Not to allow foreign goods to make use of Vietnamese origin

VCN- The Customs authorities will strengthen the management measures against foreign goods making use of the origin of Vietnam to export to other markets.
How to manage risks in specialized inspection correctly?

How to manage risks in specialized inspection correctly?

VCN- Application of risk management in specialized inspection is an important solution to reduce the quantity of import and export goods subject to a pre-clearance audit. However, the application of this regulation in some documents is not really correct.  
Continues to propose to reduce agricultural fees

Continues to propose to reduce agricultural fees

VCN- According to the Ministry of Finance, on August 9, 2017, the Government issued Decree 75/ND-CP on monthly Government meeting for June 2017, in which assigning the Ministry to collaborate with ministries, sectors, localities.
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