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From 20th April, 2023, instead of making declarations with paper documents, businesses carrying out procedure declaration through land and waterway border gates will declare electronic declarations of imported goods. The General Department of Customs has Document No. 1790/TCHQ-GSQL guiding the implementation of declaration, receipt, inspection and certification of electronic manifests of imported goods. Accordingly, from April 20, 2023, the truck owner, the truck driver, the person authorized by the truck owner (the goods owner or the authorized customs agent) declare a list of imported goods information (hereinafter referred to as the manifest) before bringing goods into the Vietnamese territory according to...

Deputy Prime Minister Le Minh Khai agreed in principle that the Ministry of Finance would report to the Government for submission to the National Assembly and the National Assembly Standing Committee for consideration and permission to formulate and issue a National Assembly's Resolution on value-added tax reduction. In 2023 the Ministry of Finance proposes to reduce the VAT rate by 2% for all goods and services subject to the 10% tax rate (to 8%); reduce 20% of the percentage rate to calculate VAT for business establishments (including business households and business individuals) when issuing invoices for all goods and services...

These days, Vietnam's customs conducts strict inspection of imported shipments (especially from Korea, China, ...) on the matter of labeling of goods. The improper labeling of goods has caused delays in the import clearance procedures. In that case, the business will also be subject to some form of administrative sanction. We are pleased to provide one sample of the correct original label of goods as below:                                                                       ...

Zhongyuan Longhao Airlines launches flights between Zhengzhou and New Delhi. Beside that CMA CGM Air Cargo also launches new Paris-Guangzhou air cargo route. Zhongyuan Longhao Airlines launches flights between Zhengzhou and New Delhi Zhongyuan Longhao Airlines (China Central Longhao Airlines) has begun operating flights between Zhengzhou, China and New Delhi, India. Longhao Airlines The state-owned cargo airline will operate two flights per week from Zhengzhou using a B747-400 freighter, said Delhi International Airport. The airport said in a LinkedIn post on April 13: “Delhi International Airport is delighted to welcome “China Central Longhao Freighter” at DEL today. The airline will operate 2 flights per week...

Minister of Industry and Trade Nguyen Hong Dien and Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi of the United Arab Emirates (UAE) have signed a Ministerial Declaration on starting negotiations on a comprehensive economic partnership agreement (CEPA) between the two nations right after Vietnam completed its procedures. ​ The two sides at the meeting (Photo: VNA) The signing took place after a meeting between Dien and Al Zeyoudi during the Vietnamese minister's working visit to the UAE from April 5-6. During the meeting, the Vietnamese official said the two countries can start their negotiations on CEPA after the draft...

The Customs’ revenue in the first quarter 2023 saw a year-on-year decrease of 17% The turnover and revenue from import and export activities plunged in the first quarter of 2023. According to the General Department of Vietnam Customs on April 3, the revenue from imports and exports in March reached VND33,476 billion. In the first quarter, the Customs sector’s revenue decreased by 17% to VND 91,267 billion compared with the previous year, meeting 21.5% of the estimate. In the month, the total trade in goods is estimated to increase by 18.6% to US$ 58.49 billion compared with a month ago. The export turnover and...