Trade

Trade policy and regulation

CPTPP trade deal officially takes effect

The 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force on December 30, creating a free trade area covering more than a tenth of the global economy.The CPTPP will cut tariffs on agricultural and industrial products, ease investment regulations and enhance protection ...

Nearly 100 new procedures facilitate National Single Window in 2018

There are 145 administrative procedures by relevant ministries and agencies which have been connected to the National Single Window (NSW), according to the latest data from the General Department of Vietnam Customs.Notably, the number of such procedures in 2018 was up to 98, while from ...

CPTTP may annually create up to 20,000 jobs for Vietnam

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to create 17,000 to 20,000 jobs each year for Vietnamese workers, said Dao Quang Vinh, director of the Institute of Labor Science and Social Affairs, under the Ministry of Labor, Invalids and Social Affairs.Keep ...

Vu Dung

Vietnam National Assembly ratifies Pacific Rim trade pact

Vietnam’s National Assembly has ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership which will take effect at the year’s end after Australia became the sixth nation to ratify it last month. Keep reading  ...

Vu Dung

Trade turns growth engine for globalizing Vietnam

Vietnam’s trade as a percentage of GDP topped 200 percent last year, highest for any country with over 50 million people. This data, compiled by the World Bank, shows that the country is reaping the benefits of an open economy at a time that protectionism ...

Dat Nguyen

Ministry detects 158 illegal scrap importers

As many as 158 individuals and organisations have been found illegally importing scrap into Vietnam as they are not certified to carry out such activities. According to the Vietnam Environment Administration under the Ministry of Natural Resources and Environment (MoNRE), the individuals and organisations imported 4,514 ...

VNA Reporter

Vietnam actively contributes to negotiations of regional economic pact

The 50th ASEAN Economic Ministers (AEM-50) Meeting and Related Meetings, which freshly concluded in Singapore on September 1 after four days of working, is an important event in the context of rising global trade protectionism and unilateralisaiton.Regarding Vietnam’s contributions, Minister of Industry and Trade Tran ...

Vietnam actively delivers Trade Facilitation Agreement commitments

The TFA will create a driving force to boost global trade and bring common benefits to WTO member states, especially developing ones.  Adding that entry to the agreement will help step up the reform, simplification, and improvement of transparency in customs procedures; assist small- and ...

Việt Nam to restrict import of scrap

The General Department of Việt Nam Customs (CGD) will study and submit to the Ministry of Finance a proposal to the Government to restrict imports of scrap materials and move towards a ban on scrap imports to Việt Nam.Keep reading ...

VNS Reporter

PM orders suspension of licenses for waste imports

Prime Minister Nguyen Xuan Phuc, at a regular Government meeting on July 25, announced that the Government will no longer issue new licenses for waste imports amid backlogs of imported scrap at ports, according to the Government news website.Keep reading ...

The Saigon Times Reporter

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