Log in
Business

Vietnam customs and USABC cooperate for trade facilitation

Both sides expected to cooperate in the distribution of potential Covid-19 vaccines in the coming time.

The General Department of Vietnam Customs (GDVC) on September 29 held an online conference with the US – ASEAN Business Council (USABC) to discuss measures to further trade facilitation during the Covid-19 pandemic, Hai Quan (Customs) Online reported. 

 Overview of the meeting. Photo: Hai Quan Online. 

The event is a platform to exchange recommendations and solutions between the two sides to better adapt to a new normalcy amid the Covid-19 pandemic, said Senior Vice President of the USABC Michael Michalak at the event, which attracted the participation of major US corporations such as Apple, FedEx, Intel, and UPS, among others.

Mr. Michalak also expected the USABC to discuss in details distribution plans for Covid-19 vaccines in the coming time, as well as providing support for Vietnam’s customs in e-commerce activities and enhancing capacity for sustainable application of breakthrough technologies.

At the meeting, the GDVC’s Vice Director General Mai Xuan Thanh expressed his thanks for USABC’s support over the years, adding the Covid-19 pandemic has had direct impacts on businesses and subsequently on operations of customs authorities.

To further aid businesses, Mr. Thanh said Vietnamese customs authorities would continue to pursue administrative reform in trading activities during and after the pandemic, including the application of e-invoices and simplification of procedures.

Issues related to import and export of medical equipment have been quickly addressed by Vietnam’s customs, including those related to the US, Mr. Thanh informed.

Anticipating a massive movement of Covid-19 vaccine around the world, the GDVC is cooperating with medical agencies to ensure smooth clearance of vaccine shipment in a timely manner, Mr. Thanh suggested.

Additionally, the pandemic is accelerating the development of e-commerce, in turn putting pressure on customs to speed up clearance process, especially for low-value products. However, Vietnam’s current legislation for low-value products, specifically specialized inspection process, is not consistent with that of other countries.

In this regard, the GDVC is drafting a new proposal on regulating e-commerce activities and related trading activities, with a view to facilitating e-commerce and ensuring fairness in tax payment among companies, Mr. Thanh asserted.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam, US sign agreement on customs cooperation

Vietnam, US sign agreement on customs cooperation

07 Dec, 14:43

The establishment of communication channel under the agreement is instrumental in the fight against trade frauds and illegal transshipment, said Deputy Minister of Finance Vu Thi Mai.

VNPT enters global AI race with new dedicated unit

VNPT enters global AI race with new dedicated unit

Vietnam’s leading telecom group VNPT has launched a dedicated AI company to commercialize Vietnamese-made artificial intelligence products and expand into major international markets.

Vietnam launches AI, semiconductor training centers

Vietnam launches AI, semiconductor training centers

New AI and semiconductor training centers are now open in Vietnam, aiming to boost hi-tech talent, research strength and integration into the global supply chain.

Vietnam explores low-altitude economy as drones reshape agriculture and urban services

Vietnam explores low-altitude economy as drones reshape agriculture and urban services

From farmlands and delivery routes to traffic monitoring and emergency response, unmanned aerial vehicles (UAVs) are rapidly entering Vietnam’s economic life, opening new growth space as cities and provinces accelerate plans for the low-altitude economy.

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

The festival aims to promote and honor outstanding OCOP products and producers and to reaffirm Hanoi’s leading role as the country’s “pacesetter” in the One Commune One Product (OCOP) program.

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Despite global economic and geopolitical headwinds, foreign capital flows into Vietnam accelerated in 2025, with investment increasingly concentrated in high value-added sectors, highlighting the country’s growing appeal as a stable, long-term destination for investors.

VN-Index set for 2,200-mark next year: JP Morgan

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

Vietnam to launch smart agriculture innovation center in Lang Son

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.

Hanoi urged to train 100,000 digital engineers through online academy

Hanoi urged to train 100,000 digital engineers through online academy

The Capital Strategic Technology Development Forum gathered a wide range of proposals from businesses, experts and investors on how Hanoi should shape its deep-tech development agenda in the coming decades with a long-term vision to 2045.