Vietnam Customs, UK border force enhance cooperation
The General Department of Vietnam Customs and the UK Border Force (UKBF) will further their collaboration under a Memorandum of Understanding inked between the two sides in Hanoi on October 2.
At the signing ceremong between the General Department of Vietnam Customs and the UK Border Force (Photo: dangcongsan.vn)
Hanoi (VNA) – The General Department of Vietnam Customs and the UKBorder Force (UKBF) will further their collaboration under a Memorandum ofUnderstanding inked between the two sides in Hanoi on October 2.
Accordingly, they will work together in education and training, equipmentprovision, as well as exchange of expertise, experts and science and technologyin the field of customs.
The event is expected to help tighten the cooperative ties between Vietnam andthe UK in various sectors.
The Vietnamese customs and the UKBF are completing an agreement between the twogovernments on cooperation and administrative support in customs so as to carryout negotiations in the time ahead. Partners of the Vietnamese customs in theUK, including the UKBF and the HM Revenue and Customs (HMRC), will join handsto negotiate this important agreement.
Vietnam and the UK have enjoyed robust relations over the past years. They havewitnessed sound developments in the bilateral cooperation in economy and trade,particularly after they inked the strategic partnership agreement in 2010.
Last year, two-way trade hit over 6.7 billion USD. In the first seven months of2019, Vietnam exported 3.26 billion USD worth of products to the Europeancountry, up 2.95 percent from the same time last year.
As the UK is the third largest trade partner of Vietnam in Europe, theVietnamese customs believe that cooperation in the field will make significantcontributions to the collaborative ties in economy, trade as well as many othersectors.
The Vietnamese customs, the UKBF, and the HMRC have worked tirelessly topromote the customs relations towards more practical cooperation that bringsefficiency to the customs management in each nation./.
Vietnam’s customs sector will help businesses carry out procedures while implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Deputy General Director of the General Department of Vietnam Customs Nguyen Duong Thai.
The Republic of Korea (RoK) is promoting the signing of customs agreements with Indonesia, the Philippines and Vietnam to facilitate its trade with the partners in the Association of Southeast Asian Nations (ASEAN).
The General Department of Vietnam Customs (GDVC) has ordered customs agencies in provinces and cities to intensify inspections to fight origin-related frauds, violations of intellectual property (IP) rights and illegal transport of import-export goods.
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 Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
At the signing ceremong between the General Department of Vietnam Customs and the UK Border Force (Photo: dangcongsan.vn) 
