Regional ties necessitate customs reform to streamline integration

Experts are calling for Vietnam and other ASEAN countries to modernise customs procedure and policy, which would speed up integration as the 2015 deadline for the bloc to reach full connectivity draws near.

According to the World Economic Forum's report on Enabling Trade in the Greater ASEAN Region (2010), non-tariff measures are considered one of the most significant obstacles to expanding intra-ASEAN trade and pursuing further economic integration.


Exports to US experience a boost

Vietnam earned over 6.15 billion USD from exports of goods to the US in the first five months of the year, an increase of 22.5 percent over the same period last year.

VN, Cambodia customs boost border cooperation

The General Department of Vietnam Customs (GDVC) and the General Department of Customs and Excise of Cambodia (GDCE) will increase cooperation, especially between their units along the common border, to facilitate trading and the fight against smuggling and trade frauds.

VN, Customs Union members look to FTA signing

Government officials, economists, researchers and businessmen of Vietnam and members of the Customs Union of Russia, Belarus and Kazakhstan gathered in Moscow on Dec. 21 to discuss economic, trade and investment ties between the two sides, looking to early signing of a bilateral free trade agreement.

VN-Index slumps on FED news

Comments by the head of the US Federal Reserve encouraged local investors to continue profit-taking on July 22, resulting in the VN-Index slipping 1.01 percent to close at 500.28 points.

Exports of garments to Japan up 20 percent

Garment exports to Japan are expected to be worth 1 billion USD this year, a rise of 20 percent over 2008, according to the Vietnam Textile and Apparel Association (Vitas).