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Apple Corporation has completed moving of 11 factories producing audio-visual equipment to Vietnam. This is a great opportunity for Vietnamese Enterprises to participate in the Apple's global supply chain as providing components and equipment for Apple's manufacturing factories. The completion of moving 11 factories to Vietnam is expected to increase Apple's demand to coordinate with domestic enterprises that have the qualifications and standards to participate in Apple's value chain. At the same time, Apple will also actively consider increasing the number of domestic suppliers and increasing the use of domestic services and goods in Apple products in the near future. However, being...

Based on the nature of the transaction of goods, the Ministry of Finance recently sent a report to the Government proposing alternative policies when customs procedures are not carried out for spot import and export activities specified at Point c, Clause 1, Article 35 of Decree No. 08/2015/ND-CP as below. Case 1: The Enterprise is not an EPE company: If there happens the import – export trading under the direction of a foreign trader without presence in Vietnam, it can be converted into an EPE Company. Because according to the current Law, the exchange of goods between the domestic and EPE Company...

From 21st August 2023 , the Management Board of the Economic Zone of Lao Cai province officially operated digital border gate at No II Kim Thanh International Road Border Gate in order to shorten the time and cost of customs clearance for exported and imported of goods through this border gate. Organizations and enterprises have import and export activities through No. II Kim Thanh International Road Border Gate that will make declarations on the system https://cuakhauso.laocai.gov.vn to be handled import and export procedures. From 21st August 2023, import-export declarations will be opened and fill in all information on digital border gate...

The Secretariat of the Association of Southeast Asian Nations Asia (ASEAN) in collaboration with the Indonesian Ministry of Trade and the Australian Government launched ASEAN TARIFF FINDER on 19th August 2023 of the 55th ASEAN Economic Ministers Meeting (AEM). ASEAN TARIFF FINDER is an online portal that provides information in English on customs tariffs and taxes, origin regulations and import regulations of more than 160 countries. ASEAN TARIFF FINDER also provides detailed information on Most Favored Nation (MFN) tariff, import quotas and preferential taxes for all types of goods originating from ASEAN member countries, as well as additional taxes on import. In addition,...

On 8th August 2023, The General Department of Customs has issued Official Letter 4146/TCHQ-GSQL 2023 to answer questions of Associations and Enterprises related to on-the-spot export and import after issuing Official Letter 2588/TCHQ-GSQL 2023. Based on the provisions of the Commercial Law, the Law on Foreign Trade Management, and the transactional nature of the goods, the exported or imported goods must be brought out/into the Vietnamese territory or brought out/into the customs area. But to on-the-spot export and import activities, goods are bought and sold within the domestic market and there is no movement of goods out of the border of...

CJ Logistics, South Korea’s largest third-party logistics provider, signed a collaboration agreement with Ocean Network Express (ONE) on 3 August, a month after sealing similar pacts with other carriers such as Evergreen Marine Corporation and SM Line. The liner operators hope to increase cargo volumes through CJ Logistics' network, while the latter aims to secure competitive freight rates. CJ Logistics and ONE have also agreed to work together to secure container volumes to and from Asia, and to develop sea-land integrated transportation services. The plan is to jointly develop additional services such as the end-to-end services to deliver containers from shippers to...