Certificate of Eligibility goes online for garment and textile exports
The Ministry of Industry and Trade (MoIT) officially launched an electronic certificate of eligibility (C/E) issuance system for garment and textile exports to Mexico on June 20.
The Ministry of Industry and Trade (MoIT) officially launches an electronic certificate of eligibility (C/E) issuance system for garment and textile exports to Mexico on June 20. (Photo: VNA)
Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) officially launchedan electronic certificate of eligibility (C/E) issuance system for garment andtextile exports to Mexico on June 20.
The move is part of the efforts to accelerate administrative procedure reformsand facilitate imports and exports of garment and textiles products in linewith the Comprehensive and Progressive Agreement for Trans Pacific Partnership(CPTPP).
According to Deputy Minister of Industry and Trade Tran Quoc Khanh, memberstates of the new-generation trade pact account for 13.5 percent of the globalGDP, and the CPTPP is expected to bring them wonderful trade opportunities,particularly in the garment and textile sector.
The MoIT has worked with competent authorities in Mexico to build a rationalmechanism to control the flow of garment imports and exports between the twocountries, he stressed, adding that the electronic issuance of C/E will help connectsupply chains in both nations.
Attending the launching ceremony, Mexican Ambassador to Vietnam Valdes Bolanodescribed Vietnam as a significant trade partner of the American country whilespeaking highly of the former’s response to its commitments in the garment andtextile sector.
Deputy head of the MoIT’s Foreign Trade Agency Tran Thanh Hai said that, alongwith CPTPP’s documents and commitments so as to enjoy favourable duties,Vietnam should abide by two exchange letters on garment and textile tariff ratequotas and monitoring system signed between the two industry and tradeministries.
In a bid to receive preferential taxes, exporters are required to havecertificate of origin (C/O) and C/E, he added.-VNA
The garment and textile sector was forecast to suffer the most from goods origin regulations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Bui Kim Thuy, the country representative for Vietnam at the US-ASEAN Business Council.
The proactiveness of businesses in the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is essential to determine their success or failure, Deputy Minister of Industry and Trade Tran Quoc Khanh said.
The Ministry of Industry and Trade (MoIT) has worked out comprehensive solutions to expand and seek more export markets for Vietnam’s goods, towards fostering the country’s export, especially to member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Aquatic businesses have begun to feel the windfall from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into force in Vietnam from January 14, 2019.
Preferential export taxes offered by CPTPP are expected to be promulgated this month. However, the tax reduction is only one of the incentives for Vietnamese goods when entering markets, not a ‘lifesaver’ for businesses, said the Ministry of Industry and Trade.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Ministry of Industry and Trade (MoIT) officially launches an electronic certificate of eligibility (C/E) issuance system for garment and textile exports to Mexico on June 20. (Photo: VNA) 
