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...
ONE SHIPPING LINE ANNOUNCED THE LAUNCHING A NEW TRANS-ASIA ROUTE PASSING THROUGH VIETNAM'S CAT LAI PORT
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...
SOME NEW POINTS IN NEW CIRCULAR 33/2023/TT-BTC ABOUT ORIGIN CARGO (REPLACE: 38/2018/TT-BTC)
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) ...
APPLYING NORMAL IMPORT TAX RATE TABLE FOR IMPORTED GOODS FROM 15TH JULY 2023
The Deputy Prime Minister has just signed Decision 15/2023/QĐ-TTg stipulating the application of normal tax rates for imported goods as following Point c, Clause 3, Article 5 of the Law on Import Tax and Export Tax. Decision 15/2023/QĐ-TTg takes effect from 15th July, 2023. Subjects of application include: Owners of imported and exported goods; Organizations and individuals have rights and obligations related to imported and exported goods activities; Customs authorities, customs officers; Other agencies, organizations and individuals when implementing export tax and import tax policies in accordance with the Law on Import Tax and Export Tax. The new normal tax rates in the...
FIRST ALL-CARGO AIR SERVICE BETWEEN VIETNAM, UK LAUNCHED
TT Meridian, a leading international logistics and trading company specialising in the UK and Vietnam markets, on May 19 announced a new all-cargo air route between the UK and Vietnam via Turkmenistan. Turkmenistan Airlines cargo plane at London Stansted Airport is about to fly back to Vietnam, transiting Turkmenistan The new route, announced by the company on May...
COSCO BUILDS SECOND 700 TEU ELECTRIC BOXSHIP
COSCO SHIPPING Heavy Industry (Yangzhou) began construction works on the second 700 TEU electric container ship (N998) owned by COSCO SHIPPING Development on 8 May. The 700 TEU electric boxship is an important initiative of COSCO SHIPPING Development aiming to promote the "carbon peaking and carbon neutrality" push for green zero-carbon shipping demonstration. The ship is a 10,000-DWT specific route river/coastal ship with an length of 119.8 metres, a moulded beam of 23.6 metres, a designed draught of 5.5 metres, and two 900kW main propulsion motors. The vessel is expected to be able to cut carbon emissions by roughly 32 tonnes every 24...