Thị trường hàng hóa
Reforms for businesses
From early 2022, the ministry focused on removing barriers to investment and business activities, and streamlining the list of conditional business lines in keeping with its business- and people-centered approach to the country’s socioeconomic development.
The simplification of unnecessary, unreasonable regulations contributed to improving the effectiveness and efficiency of state management objectives, promoting enterprise development, ensuring publicity and transparency, upholding the responsibilities of administrative agencies in implementing reforms, and complying with international treaties of which Vietnam is a member, including free trade agreements.
In order to ensure consistency of legal documents, the MoIT coordinated with related units to consolidate 13 documents, including four decrees and nine circulars of the Minister of Industry and Trade in 2022.
The ministry also uploaded 47 documents onto the national legal database so that organizations, individuals and businesses can easily look up legal documents issued by the MoIT, including three decrees, 31 circulars, and 13 consolidated documents.
Regarding the MoIT’s digital transformation, all central-level administrative procedures under the ministry’s management are now available online at level 2 or higher. The ministry’s public service portal is providing 236 online public services at levels 3 and 4 with more than 40,000 enterprises registered to use the services.
The ministry also provided all eligible public services at level 4 online ahead of schedule (in 2021). From December 1, 2021, it directly printed the electronic C/O form D into a PDF file with QRCode on the eCoSys system. The MoIT has now connected 16 online public service groups with the National Single Window mechanism. The total number of dossiers made on this mechanism in the first eight months of 2022 was 297,713.
As for the procedure for issuing Certificate of Origin (C/O) form D, the MoIT has coordinated with the General Department of Vietnam Customs (Ministry of Finance) to successfully connect with the ASEAN Single Window and exchanged the electronic C/O form D with other nine Southeast Asian countries. In the first 10 months of 2022, the total number of electronic records exchanged with those countries was 204,066. This created a premise for Vietnam to keep exchanging and processing online commercial documents in other electronic forms with other countries and blocs under its international agreements and commitments.
The MoIT has also taken the lead in the reform of specialized management and inspection of exported and imported commodities. So far, the ministry has cut 1,446 out of 1,891 HS codes, accounting for 76.5 percent of the number of specialized inspection items within its sphere of responsibility.
BÀI VIẾT LIÊN QUAN
The value of wood scraps for business
Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.
Vietnam amends intellectual property law
Vietnam’s newly amended Intellectual Property Law has gone into force, bringing the country in line with international best practices.
Vietnam attracts Czech investors
A delegation of top Czech companies, led by Czech Minister of Industry and Trade Jozef Síkela, visited Vietnam in February to explore investment and business opportunities.
Promising trade with South America
South America is a new market with great export potential, but experts warn of major trade promotion challenges.
Vietnam seeks response to corporate tax overhaul
All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.
Tram Tau: A remote slice of heaven
Tram Tau hot springs, about 260 kilometers west of Hanoi, offer tourists an unforgettable experience. A tourism development campaign bills this remote corner of Yen Bai Province a “miniature Bali”.
Uncorking bottlenecks for support industry development
Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.
Understanding UK trade remedies
The UK-Vietnam Free Trade Agreement (UKVFTA), which entered into force on 1 January 2021, has become a two-way highway promoting bilateral trade.
Hoa Binh, sustainable investment destination
The north-central province of Hoa Binh has recently licensed 16 investment projects totaling VND49 trillion, reflecting the province’s drive for sustainable development and its unique advantages.
Da Nang greens textile-garment industry
Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.
Retail giants ramp up Vietnam investment
The recently announced major investment in Vietnam by retail giant Central Retail Corporation (CRC) reflects the market's attractiveness and growth potential in 2023.
Hanoi to speed up public investment
Chair of Hanoi People's Committee Tran Sy Thanh is urging the Government and National Assembly to provide the capital with greater power to speed up public investment.
Hanoi economy presents mixed picture
Hanoi’s total retail sales of goods and services increased 18 percent in January compared with the same period last year. The capital has also identified 22 targets for socioeconomic development in 2023.
Digital tech firms enter new phase
Vietnamese digital technology firms are entering a new period of development, bringing “Make-in-Vietnam” products to the world and accelerating domestic digital transformation.
Son La Dam’s powerful tourism potential
The area of the Son La hydropower reservoir, with its cultural features of the Thai, Tay and La Hu ethnic groups, is being awakened by tourism development to benefit local residents.
Fresh produce exports set to grow
The Vietnamese fruit and vegetable sector poised for promising year as exports rose 3.1 percent in January 2023.
Vietnam eyes green hydrogen development
On March 7 in Da Nang City, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, the ASEAN-Japan Center, and the Vietnamese Trade Office in Japan jointly held a workshop on the application and development of the hydrogen technology in green energy transition.
Trade deal with UK bolsters Vietnamese exports
The United Kingdom is the world’s fourth largest importer, but Vietnam’s share accounts for less than one percent of its total import value, signaling ample room for increased Vietnamese exports to this market.
Trade deal with EU a hit so far
Vietnam's exports to the EU have seen positive growth more than two years after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020.
Rise of February industrial production index
According to data from the General Statistics Office of Vietnam, industrial production in February 2023 grew an estimated 5.1 percent compared with January due to a higher number of working days.
Vietnamese pomelos star in UK market
First Dien pomelos from the northern province of Hoa Binh are now available on the shelves of Longdan supermarkets in the UK, welcomed by the Vietnamese community in the country and local consumers.
Credit crunch burdens real estate market
Credit plays a major role in the recovery of the real estate market, but in light of major debts, experts are advising that capital be provided only for reliable projects.
Unclogging textile-garment sector supply chain
The government’s backing, especially investment capital and legislation on raw material production, is important and necessary to develop textile and garment support industries.
Green transformation, more than a slogan
The EU is set to launch a pilot phase of the Carbon Border Adjustment Mechanism (CBAM) in October 2023 and fully implement it starting January 1, 2026.
By mid-February, Vietnam's trade value had reached 72 billion USD
The General Department of Vietnam Customs reports that the country's total trade value between January 1 and February 15 was over 72 billion USD, with export turnover at 37 billion USD and a trade surplus of almost 1.7 billion USD.
Industry, trade sector responds to climate change
The Ministry of Industry and Trade (MoIT) considers climate change response and green growth an important long-term task.
Trade deal with the UK boosts investment
The bilateral trade and investment relations between the United Kingdom and Vietnam have recorded positive results in the first year of the UK-Vietnam Free Trade Agreement (UKVFTA).
Turkey natural stone trade mission to Vietnam
A B2B event to connect trade between Turkish and Vietnamese natural stone enterprises to create opportunities for Vietnamese businesses to approach international quality supplies.
Businesses back CPTPP expansion
Export-driven firms and online sellers in potential member countries see accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as providing new e-commerce export opportunities and diversifying trade away from China.
Shan Tuyet, tea as nature intended
The Shan Tuyet tea trees on top of the mountains in Phin Ho region of Ha Giang Province have been silently witnessing the passage of time for centuries and starring as central characters in folk tales.
Chemical industry applies top technologies
Enterprises in Vietnam’s chemical industry have applied new technical solutions and production methods, technological innovations and product diversification.
Attracting green investment in southeast region
Sustainable development orientation is on the rise, helping Vietnam remain competitive and advance its green economy. Ho Chi Minh City and the southern provinces of Binh Duong, Dong Nai, and Ba Ria-Vung Tau are developing strategies to boost "green" foreign direct investment (FDI) in the region.
Quang Binh: A land of endless mystery
Tourism in Quang Binh, a coastal province in North-Central Vietnam, has gained international recognition due to the locality's reputation as the "Kingdom of Caves", its unique geological features and the enigmatic tales of its history and myths.
EVFTA ensures fair competition, subsidies
Senior Vietnamese and European officials held a recent assessment of the initial two-year implementation of the EU-Vietnam Free Trade Agreement (EVFTA) at a meeting chaired by Minister of Industry and Trade Nguyen Hong Dien and European Commissioner for Trade Valdis Dombrovskis.
Ecotourism thrives in Vietnam
Ecotourism and agro-tourism are blooming in Vietnam in the post-pandemic period.
Knock wood: UKVFTA boosts exports to UK
The UK-Vietnam Free Trade Agreement (UKVFTA) has served as a catalyst to Vietnamese timber exports to the UK, said Ngo Sy Hoai, Vice Chair and General Secretary of the Vietnam Timber and Forest Products Association (VIFORES) in a talk with Vietnam Economic News’ Hoa Quynh.
Cat family - A sculptured artwork
With a passion for arts, sculptor and painter Vu Dung from Hanoi’s Hoang Mai District has been working hard to create a breakthrough in his artworks.
Will machine learning help us find extraterrestrial life?
Researchers have applied a deep learning technique to a previously studied dataset of nearby stars and uncovered eight previously unidentified signals of interest.
HCM City Export Furniture Fair to take place this month
The Ho Chi Minh City Export Furniture Fair (HawaExpo) 2023 is scheduled for February 22 to 25, kicking off a series of trade promotion events in the wood industry this year.
Hanoi helps local products extend reach
The Hanoi Department of Industry and Trade has opened three showrooms of the “One Commune, One Product” (OCOP) in recent weeks in a continuing bid to popularize high-quality specialties made in the capital and other localities.
Black rice cakes reach foreign markets
Black sesame rice cakes have long been a favorite in Nghe An Province’s Do Luong District. The Luong Son Food Production and Trading Co. Ltd. decided to share this delicacy with other regions of the country and with other countries.
Industrial production: Achievements and lessons
The 2022 industrial output has been impressive, but continued innovation as well as production and supply network recovery are vital to ensure a more sustainable path in 2023.
M&A 2023 prospects looking up
Although the market for mergers and acquisitions (M&A) in Vietnam decelerated in 2022, many economists are looking ahead to plentiful prospects for 2023.
The woman who revived Kim Hoang folk paintings
Researcher and art collector Nguyen Thi Thu Hoa has made intense efforts to revive the 18th century Kim Hoang woodcut folk painting genre, which had all but disappeared over time.
Vietnam pursues green foreign trade
Vietnam reached a record foreign trade value of an estimated US$750 billion in 2022.
Chau Ma brocade lives on
The indigenous textile products of the Chau Ma ethnic group reflect experiences, religious beliefs, skillful techniques and an enduring passion for the traditional craft practiced for generations in the Central Highlands province of Lam Dong.
The cat in Vietnamese culture
The new lunar year (2023) is designated the Year of the Cat, one of the 12 Vietnamese zodiac animals and a strong favorite on the list that also includes the Rat, Buffalo, Tiger, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog, and Pig).
Tet in Paris, with all the trappings
The Lunar New Year Holiday (Tet) always reminds the Vietnamese community residing in France of their homeland and its unique traditions, with most maintaining Vietnamese customs and culture, including Tet celebrations.
Strong recovery of capital's economy
According to a report by the Hanoi People's Committee, the capital experienced a strong economic recovery in 2022 and maintained its leading position among the provinces and cities nationwide in attracting foreign direct investment (FDI).