Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur direct costs of around 3.8 million VND (165 USD) for logistics services, according to the 2022 Administrative Procedure Compliance Costs Index (APCI) report.
Hanoi (VNA) – Each company has to spend about 14.9 hours tocomplete a cross-border trade transaction and incur direct costs of around 3.8million VND (165 USD) for logistics services, according to the 2022 AdministrativeProcedure Compliance Costs Index (APCI) report.
The report was compiled by the Prime Minister's Advisory Council for Administrative Procedure Reformwith the support of the US Agency for International Development (USAID) through theLinkSME project aimed at promoting reform and enhancing the connectivity ofsmall and medium-sized enterprises.
The report indicatesthat the time required to carry out logistics-related activities has increasedfor all cargo flows. The trend of using full-package intermediary servicescontinues to rise, with an average annual increase of 11% for such services.
With efforts topromote non-cash payments and combat irregularities in import-export taxactivities, the survey conducted by LinkSME shows that the proportion ofbusinesses that filed tax declaration online in 2022 was 81.1% higher than inprevious years. The payment of informal expenses to facilitate customsclearance procedures continues to decline over time.
🦂 The indices also show that positive changesstemming from the customs system continue to outweigh other related agenciessuch as specialised inspection bodies or port management and business units.The Vietnam Automated System for Seaport Customs Management (VASSCM), oncewidely used, potentially brings about breakthroughs in the reform ofcross-border trade procedures./.
Customs clearance activities at the Ka Long international border gate in the northeastern province of Quang Ninh’s Mong Cai city were resumed on June 17 after over three years of suspension due to the COVID-19 pandemic, marking the return to normal operation at all border gates and openings in the city.
Customs clearance was again suspended on September 28 at the Bac Phong Sinh border gate in Quang Ninh’s Hai Ha district that pairs with Li He border gate in China’s Dongxingcity, due to China’s COVID-19 control measures.
Deputy Minister of Industry and Trade Tran Quoc Khanh and Executive Vice Chairwoman of People's Government of China’s Guangxi Cai Lixin recently discussed measures to facilitate customs clearance of goods via border gates of the two countries.
A delegation from the People’s Committee of the northern border province of Lang Son led by vice chairwoman Doan Thu Ha on June 7 inspected import/export activities at two border gates of Huu Nghi and Tan Thanh.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
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.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
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.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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.
Cat Lai port in Ho Chi Minh City (Photo: VNA) 
