The required customs procedures related to imports and exports have been simplified but enterprises are far from satisfied.

Vietnam plans to hasten the reform of customs checks to save time and costs for businesses and facilitate trade.

 VietNamNet Bridge – Foreign direct investment (FDI) enterprises attending a dialogue with HCMC’s leaders on March 16 complained about complicated administrative and customs procedures and inadequate regulations.

 VietNamNet Bridge – Vietnam has huge potential for cruise tourism, but the sector is underdeveloped, with a lack of ports and services.

VietNamNet Bridge - Businesses have complained about time-consuming examinations of imports and exports by government agencies, claiming that they take up 30 percent of total 25 work items that businesses must fulfill.

VietNamNet Bridge - Import/export companies are complaining about legal procedures requiring inspection of their products that cost them hundreds of millions or billions of dong.

VietNamNet Bridge - The government’s Resolution No 19 on reducing the number of hours that businesses have to spend on customs procedures has been difficult to implement.

 Ambiguous instructions have led to a disagreement between steel importers and the General Department of Customs about the application of the import code for steel billets.

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Every year, businesses lose a total of around $19 billion a year because of customs formalities. Now, the customs agencies, following the lead of taxation agencies, are finally trying to solve the problem.

 VietNamNet Bridge – The U19 Australian team arrived in Hanoi on September in preparation for the Nutifood Cup opening match with U19 Vietnam on September 5.

VietNamNet Bridge – Minister of Finance Dinh Tien Dung has pledged a significant reduction of the time required for corporate tax declarations and payments, and an elimination of unnecessary procedures to support businesses

 VietNamNet Bridge – Many enterprises complain that their businesses have had problems because of the automated customs clearance system.