Simplified, online procedures facilitate foreign trade

09:37 | 05/09/2019 Trade

(VEN) - The National Assembly set an export revenue target of US$261-262 billion in 2019, 7-8 percent more than in 2018. Businesses will have to reach export revenues of US$23.2-23.4 billion per month from now to December to achieve the target. The Ministry of Industry and Trade is strengthening administrative reforms to help exporters reach that goal.

simplified online procedures facilitate foreign trade
Efforts to facilitate import and export activities

A Ministry of Industry and Trade report showed that Vietnam-based businesses exported goods worth an estimated US$145.13 billion in the first seven months of 2019, up 7.5 percent from the same period in 2018.

Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade said the ministry has made almost all public services available online, mainly at levels 3 and 4, to create the best conditions for import-export enterprises to benefit from free trade agreements (FTA), and minimize travel time and costs.

Eleven of the ministry’s administrative procedures have been connected to the National Single Window and one other to the ASEAN Single Window. Apart from granting Certificates of Origin (C/O) online, the ministry now processes textile Certificates of Export (C/E) to Mexico through the internet.

Apart from exchanging C/O data with ASEAN (Association of Southeast Asian Nations) countries, the ministry is considering negotiations on this issue with the Eurasian Economic Union (EAEU) and will soon start similar negotiations with the Republic of Korea (RoK).

The ministry is providing guidelines for import and export enterprises to declare their goods origin, and has received applications from 10 Vietnamese exporters to join a pilot project on granting qualified exporter codes and self-certification of goods origin.

Import procedures have been simplified and made more transparent. In the first half of this year, the Agency of Foreign Trade issued seven directives, one circular per month on average, and will release eight more from now until the end of the year. The agency gave advisory assistance on formulating relevant laws to other ministries and sectors.

Deputy Minister of Industry and Trade Tran Quoc Khanh assessed the agency has been doing a good job in goods origin control since late 2017. This effort has helped import and export activities and is expected to help Vietnam reach its 2019 import and export targets.

Lan Phuong