Seminar seeks solutions to boost Vietnam’s trade facilitation capacity
Wednesday, April 5,2017AsemconnectVietnam - To ensure the implementation of the WTO’s Trade Facilitation Agreement (TFA), Vietnam needs an effective inter-agency coordination mechanism for administrative reform, experts said at a TFA seminar held in Ho Chi Minh City on March 29.
However, the country has yet to fulfill its FTA commitments due to various reasons, one of which was the overload of work for the customs sector while it has limited power and personnel.
External factors, such as frequently changing requirements for supply chains, production methods, transport and trade, have also created difficulties to Vietnam’s import-export procedures, Toan added.
Au Anh Tuan, deputy director of the Supervision and Control Department at the General Department of Customs, said there is a gap between regulations and their implementation in Vietnam, noting that while the country’s legal documents and regulations are basically compatible with TFA standards but their implementation fails to match requirements.
He attributed the problem to human causes, including limited competence and vested interest, and suggested administrative reform to facilitate trade must go hand in hand with boosting personnel capacity and balancing benefits among groups.
Sharing the same view, Pham Minh Duc, a World Bank senior economic expert, pointed to the fact that administrative procedures for granting licences, sector verification, and border trade management consume 76 percent of the total time for import-export –related work, while the time for goods examination and customs clearance accounts for only 19 percent.
The fact means customs procedure reform alone is not enough to improve trade facilitation activities in Vietnam, he noted, adding that the involvement of both state agencies and businesses in the process is needed.
The FTA took effect on February 22, expecting to cut 14.3 percent of trade costs and increase global trade by up to 1 trillion USD each year.
Source: vov.vn
Vietnam, the Netherlands promote exports through digital environment
Vietnam learns from RoK’s experience in agricultural development
China, Singapore conclude upgraded FTA negotiations
Japanese investors highly appreciate Vietnamese property market
Germany ready to assist Vietnam in energy transition: official
Vietnam, China’s Guangxi promote economic cooperation in new era
Joint statement on conclusion of negotiations on UK’s CPTPP accession issued
Vietnamese banks remain attractive to foreign investors
Cross-border activities run smoothly at Huu Nghi border since China's reopening
HCM City to host international paper, coatings, rubber, and plastic expos
Minister talks enhancement of economic, trade ties with China’s province
Vietnamese, Malaysian economies boast similarities, complementations: trade counselor
Vietnam, RoK boost cooperation in developing green industries
Foreign investment from Asia important to Vietnam: HSBC
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...