Customs branches of three seaports in Ho Chi Minh City officially applied a Japan-funded automated customs system on June 9.
They are the Saigon zone 1 and Saigon Zone 3 ports and the Tan Cang customs branch.
TheVietnam Automated Cargo and Port Consolidated System and the VietnamCustoms Information System (VNACCS/VCIS), funded by the JapaneseGovernment, is worth nearly 2.7 billion JPY (21.2 million USD).
Rolledout since April 1, 2014, the system will be running in all 34provincial and municipal customs sub-departments across the country byJune 30.
It has been to date applied in 32 out of the 34 customssub-departments, said Nguyen Ngoc Tu, Director of the Customs ofVietnam.
The new automated customs system is able to deal withdeclarations within three seconds, according to the Customs of Vietnamunder the Ministry of Finance.
ViaVNACCS/VCIS, businesses can make customs declarations at anytime andanywhere, thus saving time and paper procedures.
After a three-month trial period since November 15, 2013, up to 18,196enterprises nationwide have registered to join the system, and 10,154have run it on a trial basis.-VNA
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
