Vietnam to officially connect to ASEAN Single Window in 2018

Deputy Prime Minister Vuong Dinh Hue speaks at the third meeting of the National Steering Committee for the ASEAN Single Window, National Single Window and trade facilitation on January 9 (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue chaired a meeting Hanoi on January 9, asking ministries and sectors to work harder to officially connect Vietnam with the ASEAN Single Window mechanism in 2018. He made the request at the third meeting of the National Steering Committee for the ASEAN Single Window, National Single Window and trade facilitation. The committee’s standing agency reported that as of December 15, 2017, 11 ministries and sectors had implemented 47 procedures on the National Single Window mechanism, up eight procedures from 2016, and handled more than 790,700 dossiers submitted by about 19,980 businesses. From January 1 to December 15, 2017, over 554,500 dossiers were handled, up 272 percent year on year. According to a report of the World Bank in 2017, the time for direct customs clearance for export goods at ports of entry in Vietnam reduced by three hours while that for import goods were cut down by six hours. Costs for direct customs clearance at ports of entry for one batch of export or import goods declined 19 USD. Data as of December 15, 2017, show that businesses saved more than 205 million USD for customs clearance procedures, over 15 million hours of storage for exports and over 33 million hours of storage for imports. The Ministry of Finance said… [Read full story]

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