Vietnam expects to sign a long-anticipated free trade agreement with the European Union before the end of June, the Southeast Asian country’s foreign ministry said.
The deployment of the Vietnam Automated System for Seaport Customs Management (VASSCM) will be completed in 2019, according to the General Department of Vietnam Customs.
The Prime Minister has issued Decision 18/2019/QGG-TTg that stipulates the import of machines, equipment and process lines which have been used.
ASEAN economic ministers gathered at the 25th ASEAN Economic Minister Retreat AEM Retreat in Phuket Thailand on April 23. Once the negotiations are successful, the RCEP will become the biggest multilateral trade deal involving 10 ASEAN countries and China, India, Japan, the Republic of Korea, Australia and New Zealand, making up 29 percent of the global GDP and 30 percent of world trade value.
Prime Minister Nguyen Xuan Phuc has underscored the vital role of international integration in Vietnam’s ongoing socio-economic development, noting how it contributes to maintaining peace and political and social stability.
A workshop was held in Hanoi on April 24 to seek ways to bolster exports by Vietnamese businesses to the Republic of Korea (RoK). It was organised by the Vietnam Chamber of Commerce and Industry (VCCI), with the participation of about 80 domestic firms in numerous sectors.
New rules and conditions will make it much more difficult to import old machinery and equipment into Vietnam. From June 15, the import of used machinery and equipment will only be permitted if the importer plans to use it directly for production in Vietnam.
Senior officials of the 16-member RCEP group, who are negotiating a mega free trade agreement, will hold meetings in Bangkok from May 24 to iron out issues pertaining to the goods and services sector, an official said.
There are many administrative procedures that are necessary to connect the National Single Window (NSW) in the Ministry of Agriculture and Rural Development(MARD).The deployed area is wide, there are many difficulties and complications.
The province has around 1,215 wood processing businesses, with 905 of them domestic firms with VNĐ10.8 trillion (US$469.6 million) of registered funds, and 310 foreign companies with a total of US$2.3 billion, according to Bình Dương’s Department of Industry and Trade.
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