PM approves import management project
The Prime Minister has given the “green light” for a project on management of imports in compliance with international commitments until 2020.
The Prime Minister has given the “green light” for a project on management of imports in compliance with international commitments until 2020.
Accordingly, Vietnam will maintain and optimise tariff and non-tariff measures in line with its commitments to the World Trade Organisation (WTO) as well as bilateral and multilateral free trade agreements (FTAs).
The country will increase the use of non-tariff measures, regulations on technical barriers to trade (TBT), and apply sanitary and phytosanitary (SPS) measures, whilst building a Law on foreign trade management to facilitate business activities.
At the same time, Vietnam will often review, supplement and remove unnecessary administrative procedures to guarantee national order and security, food and transport safety, environmental protection and public health.
The project includes concrete measures to improve import management, such as utilising import and environmental protection taxes to support domestic production and improve competitiveness.
A roadmap for the removal of import taxes on commodities originating from FTA member states should also be applied.-VNA
Accordingly, Vietnam will maintain and optimise tariff and non-tariff measures in line with its commitments to the World Trade Organisation (WTO) as well as bilateral and multilateral free trade agreements (FTAs).
The country will increase the use of non-tariff measures, regulations on technical barriers to trade (TBT), and apply sanitary and phytosanitary (SPS) measures, whilst building a Law on foreign trade management to facilitate business activities.
At the same time, Vietnam will often review, supplement and remove unnecessary administrative procedures to guarantee national order and security, food and transport safety, environmental protection and public health.
The project includes concrete measures to improve import management, such as utilising import and environmental protection taxes to support domestic production and improve competitiveness.
A roadmap for the removal of import taxes on commodities originating from FTA member states should also be applied.-VNA
You should also see
Vietnamese Deputy PM, Venezuelan President hold talks
Vietnamese Deputy Prime Minister Tran Luu Quang held talks with President of Venezuela Nicolás Maduro Moros in Caracas on April 18, as part of his ongoing official visit to the Latin American country.
See more
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
