E-customs system benefits businesses
After one year of application, the Vietnam Automated Cargo and Port
Consolidated System/Vietnam Customs Information System (VNACCS/VCIS) has
greatly benefited enterprises, especially in saving time for customs
clearance, reported the Vietnam Customs.
After one year of application, the Vietnam Automated Cargo and Port
Consolidated System/Vietnam Customs Information System (VNACCS/VCIS) has
greatly benefited enterprises, especially in saving time for customs
clearance, reported the Vietnam Customs.
Data collected at Saigon Port Customs Sub-Department under the Ho Chi Minh City Customs Department in October last year showed that it took 3 seconds averagely to register for customs declaration via VACCS system, and 34 hours to complete all customs clearance procedures for imports, a 18 percent reduction compared to 2013’s figure of 42 hours.
Meanwhile, enterprises spent an average 6 hours for registering and receiving customs declaration for exports, a decrease of 58 percent over 2013’s duration of 16 hours.
According to the Vietnam Customs, one of the breakthroughs of the system is the application of information technology in tax collection with the electronic payment via banks.
Currently, 19 commercial banks have contracted with the Vietnam Customs in electronic tax collection and the number is rising.
The VNACCS/VCIS has also created a foundation for the building of a national “one-stop-shop” mechanism that is expected to bring long-term benefit to enterprises.
The system has now been connected to the Vietnam Customs’ system and is scheduled to be linked with the Ministries of Health, Agriculture and Rural Development and Natural Resources and Environment in June.
The Vietnam Customs also reported that as of March 15, the VNACCS/VCIS, launched in April 1, 2014 as part of a project funded by Japan , has attracted the engagement of 53,200 enterprises. The system helped processed 6.3 million customs declarations with total import-export value of 256.2 billion USD.-VNA
Data collected at Saigon Port Customs Sub-Department under the Ho Chi Minh City Customs Department in October last year showed that it took 3 seconds averagely to register for customs declaration via VACCS system, and 34 hours to complete all customs clearance procedures for imports, a 18 percent reduction compared to 2013’s figure of 42 hours.
Meanwhile, enterprises spent an average 6 hours for registering and receiving customs declaration for exports, a decrease of 58 percent over 2013’s duration of 16 hours.
According to the Vietnam Customs, one of the breakthroughs of the system is the application of information technology in tax collection with the electronic payment via banks.
Currently, 19 commercial banks have contracted with the Vietnam Customs in electronic tax collection and the number is rising.
The VNACCS/VCIS has also created a foundation for the building of a national “one-stop-shop” mechanism that is expected to bring long-term benefit to enterprises.
The system has now been connected to the Vietnam Customs’ system and is scheduled to be linked with the Ministries of Health, Agriculture and Rural Development and Natural Resources and Environment in June.
The Vietnam Customs also reported that as of March 15, the VNACCS/VCIS, launched in April 1, 2014 as part of a project funded by Japan , has attracted the engagement of 53,200 enterprises. The system helped processed 6.3 million customs declarations with total import-export value of 256.2 billion USD.-VNA
You should also see
Youths' efforts yield socio-economic fruits
Many activities were carried out across the nation during the Vietnam’s Youth Month, an annual festivity taking place in March to celebrate the establishment of the Ho Chi Minh Communist Youth Union (HCYU), contributing to the nation’s socio-economic development, heard a conference held by the union's Central Committee in Hanoi on April 23.
See more
Business
Businesses concerned about rising exchange rate pressure
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
Business
Pepper prices continue increase trend
Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
Business
3,400 taels of SJC-branded gold bars successfully auctioned
The State Bank of Vietnam auctioned 16,800 taels of SJC-branded gold bars in Hanoi on April 23. This is the first auction of this kind in 11 years.
Business
HCM City seeks to draw remittances in infrastructure
A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City on April 23, given that remittances to the city reached 9.46 billion USD in 2023, nearly three times higher than foreign direct investment (FDI), according to official statistics.
