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On 16th July, 2023, the British Government announced that it had officially signed the protocol to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after nearly two years of negotiations. CPTPP has 11 members including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The UK Business and Trade Minister signed the document in New Zealand in the presence of 11 CPTPP member countries, making the UK the first new member and the first European country to join the CPTPP since it was established in 2018. The agreement is a big boost for British businesses, opening...

On 31st May, 2023: 1. The Government issued Decree No. 26/2023/ND-CP (Decree 26) promulgated the export tariff schedule, Most Favoured Nation (“MFN”) import tariff schedule, list of goods and absolute tariff, mixed tariff, out-of-quota tariff. 2.  The Prime Minister signed off Decision No. 15/2023/QD-TTg (Decision 15) promulgating the normal import tariff applied to imported goods. The new export and import tariff schedule will be effective from 15th July 2023. In Decree No. 26, three main groups of contents have been amended and supplemented, such as: Converting the export tariff schedule, Most Favoured Nation import tariff schedule, list of goods and absolute tariff, mixed...

On 29th May, 2023 the General Department of Customs has just issued Official Letter 2588/TCHQ-GSQL 2023 on commenting on the draft amendment and supplement to Article 35 of Decree 08/2015/NĐ-CP for on-the-spot export and import. 1. Currently, Customs procedures of on-the-spot exported and imported goods is regulated as Article 35 Circular 08/2015/NĐ-CP dated 21st January, 2015: Article 35. Customs procedures that must be followed by on-the-spot exports and imports 1. On-the-spot exports and imports shall include: a) Those produced in Vietnam under contract manufacturing arrangements and sold to Vietnamese organizations or individuals by overseas ones; b) Those traded under the sale and purchase contract between...

Vietnam - Korea have just signed a Joint Statement on technical connection of EODES Electronic Origin Data Exchange System, supporting the transmission and reception of Certificate of Origin (C/O) data through the EODES system between the two countries effective from 1st July 2023. The transmission and reception of Certificate of Origin (C/O) data through the EODES system between Vietnam and Korea speeding up the process and procedures for issuing C/O in the exporting country as well as customs clearance of goods based on electronic C/O data to get the VKFTA and AKFTA tariff preferences in the importing country, reducing the pressure...

Ocean Network Express (ONE) is based in Singapore announcing about launching a new route Korea China Straits 2 (KCS2). The new service will start from Busan port on 6th July2023 with the following rotation: Busan ​​(Korea) – Kwangyang (Korea) – Shanghai (China) – Sekou (China) – Singapore – Port Klang (Malaysia) –Penang (Malaysia) – Singapore – Cat Lai (Vietnam) – Nam Sa ( Guangzhou) – Busan. In order to exploit potential markets, KCS2 will provide direct shipping services to Penang port in Malaysia and Cat Lai port, which has good access to the Ho Chi Minh City market as well as other production...

On 31st May, 2023, the Ministry of Finance issued Circular 33/2023/TT-BTC about the regulations the origin of exported and imported cargos. Circular 33/2023/TT-BTC officially takes effect from 15th July, 2023 and will replace the following Circulars: 38/2018/TT-BTC  about checking origin cargo 62/2019/TT-BTC  update circular 38/2018/TT-BTC  47/2020/TT-BTC  about time to submit CO in Covid time 07/2021/TT-BTC about time to submit CO from EU The regulation of origin of exported cargos: Article 5. Declare Origin of export cargo on the CD 1. Declare Origin of cargo with Description of Goods          Origin Vietnam: Description of Goods#&VN          Other country Origin: Description of Goods#&(country)      ...