When Lunar New Year (Tet Holiday) is coming closely, Customs Department is also managing strictly to confine smuggling and trade fraud. So we are so pleased to provide you about overview of some notable of customs regulations in 2023 based on cases Ken handed as following. Please kindly refer customs regulations we provied to ensure that you company will comply right regulations, avoid fines and always have smooth import – export activities. We hope that the provided information will be helpful to your side and we will strive to provide you useful information related to logistics in the future. CUSTOMS REGULATIONS No. Field Circular No. Content 1 EPE (EXPORT PROCESSING...
SITUATION OF CARGO VESSELS AFTER OCCURRING ATTACKS IN THE RED SEA
On 15th and 16th December 2023, on the Red Sea – out side of Suez Canal have attacks on ships of Hapag-Lloyd and Maersk. Therefore, four major shipping companies, including Denmark's Maersk, Germany's Hapag-Lloyd, Switzerland's MCS and France's CMA CGM, have temporarily suspended operations across the Red Sea. The Red Sea has the Suez Canal at its northern and the narrow Bab el-Mandeb strait at its southern, leading into the Gulf of Aden. It is a busy maritime route with ships passing through the Suez Canal to transport goods between Asia and Europe. Therefore, the Bab-el-Mandeb Strait along with Egypt's Suez...
BORDER GATE SITUATION AT THE END OF 2023
At the end of the year, the number of import and export goods passing through the Vietnam - China border gate is increasing sharply. Along with facilitating the most favorable conditions for import-export businesses, the customs has implemented many measures to strictly control, monitor and prevent trade fraud, strictly handle violations, strengthen inspection, supervision of import and export goods and prevent loss of taxes. Grasping the sharp increase in import and export at the end of the year, customs has implemented many measures to achieve the highest efficiency of clearing customs situation as follows: Prioritizing the customs clearance of agricultural products. Shipments...
THE CUSTOMS SECTOR STRICTLY MANAGES TO ACHIEVE BUDGET TARGET AT THE END OF 2023
From now until the end of the year, the Customs sector will focus resources to facilitate trade, support businesses in import and export, strictly control tax collection and prevent loss of state budget, ... to complete target of state budget of the Customs sector in 2023 through the following specific methods: 1. Focus on promoting administrative procedure reform; focus on resolving difficulties for businesses promptly; create favorable conditions for businesses to develop stably and firmly, attract investment and promote economic growth in order to create a premise for increasing state budget. 2. Along with creating favorable conditions for businesses, customs continues to increase...
SHIPPING LINE ONE WILL LAUNCH A NEW ROUTE FROM SOUTHEAST ASIA TO INDIA FROM NOVEMBER 2023
Shipping line ONE announced the addition of a new route called SIG to its service network connecting Southeast Asia with India and the Middle East. The new SIG route will provide more comprehensive and frequent connections to and from India's West Coast and the Middle East. SIG route rotation is as follows: Singapore - Nhava Sheva - Mundra - Dammam - Jebel Ali - Cochin - Colombo – Singapore The SIG route will launch in Singapore on 16 November 2023. Also in October 2023, ONE announced the launch of the new Egypt-Lebanon-Turkey (ELT) route. This new route will give customers enhanced coverage within the European...
CARGO CARRIERS WARN OF DISRUPTION ON ISRAEL OPERATIONS
Israel’s Civil Aviation Authority (CAA) has said international flights continue to operate to and from Israel following attacks on the country by Hamas over the weekend. The CAA said that currently “the Israeli airlines are operating as usual”. The organisation added that currently “there are still international flights to and from Israel by many airlines”. However, a number of airlines worldwide have cancelled or delayed flights in response to the situation, and cargo carriers have warned of potential disruption to shipments. FedEx said on its website on October 9: “In light of the events unfolding in Israel, our inbound and outbound flights...