A circular is being drafted to evaluate the level of businesses’ law observance in imports and exports and transit of goods (Photo: VNA) Hanoi (VNA) – A workshop took place in Hanoi on December 4 to collect feedback from enterprises on a draft circular to evaluate the level of law observance in imports and exports and transit of goods. The event was held by the Vietnam Chamber of Commerce and Industry (VCCI) and the General Department of Vietnam Customs. The circular is expected to have huge impacts on Vietnamese exporters and importers as it outlines a set of criteria for the classification of importers and exporters based on the level of law observance and on that basis, these businesses would be subject to different customs inspections and clearance regimes. Vietnam’s increasingly open economy has facilitated foreign trade, with turnover doubling the country’s gross domestic products (GDP), said VCCI Vice President Hoang Quang Phong. The expansion of import-export industries is posing plenty of challenges to customs authorities and the greatest among these are the rapid increases in the volume and diversity of imported and exported goods, meanwhile the number of qualified customs staff has not been able to keep up, Phong said…. Read full this story
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