The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially entered into force for Vietnam on 14 January 2019. From a customs perspective, there are a number of noteworthy issues as follows:
Singapore, Feb 25 (ANI): Vietnam is India's fourth largest trading partner in Association of South East Asian Nations (ASEAN)- the first three being Singapore, Indonesia and Malaysia. The India-Vietnam trade has been consistently growing- clocking double-digit rates. It has grown almost 80 per cent over the last five years.
Detailed regulations for labeling products as ‘Made in Việt Nam’ are needed to create a legal framework preventing fraud as well as protecting local production and consumers.
The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars.
North Korea need not look far for lessons on how to modernize its dilapidated economy. Neighbors China and South Korea have both transformed from agrarian backwaters into global manufacturing powerhouses in the space of several decades.
The slow listing of post-equitisation firms, including State-owned enterprises (SOEs), may make Vietnamese firms less attractive regarding a lack of corporate transparency and government agencies managing those firms must be blamed for the problem.
The 6th session of the XIV National Assembly adopted a Resolution on the socio-economic development plan for 2019, which set out the GDP growth target at 6.6-6.8% and Consumer price growth rate (CPI) at about 4%.
The overall objective of the 2019 plan is to continue to stabilize the macro economy, control inflation, and improve productivity, quality, efficiency, autonomy and competitiveness of the economy.
Being hot from the National Assembly, interdisciplinary meetings, directing documents and instructions of the Prime Minister to reality at some seaports, the amount of waste and garbage "hiding" is sharply increasing. In this cycle, the Customs authorities have proposed the leaders as well as the related state management agencies on the situation and solutions, and have directed the industry to strengthen management measures
Capital reform is a difficult job and requires great determination. For the Ministry of Finance - a multi-disciplinary manager, this is much more difficult.
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