A webinar on e-commerce opportunities in Singapore and countries in the region for Vietnamese goods was held on July 21 by the Vietnam Trade Office in Singapore, the Ministry of Industry and Trade’s Department of Asia-Africa Markets and the Vietnam E-Commerce and Digital Economy Agency (iDEA).
Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur direct costs of around VND3.8 million (US$165) for logistics services, according to the 2022 Administrative Procedure Compliance Costs Index (APCI) report.
A Vietnamese delegation led by Deputy Minister of Agriculture and Rural Development Tran Thanh Nam has visited and held meetings with the administrations and customs departments of China’s Guangxi and Yunnan provinces in an effort to facilitate farm produce exports via northern border gates of Vietnam.
Smart border gate control should be launched to prevent congestion and facilitate cross-border trade in farm products between Vietnam and China.
Improving product quality coupled with infrastructure was critical to promoting cross-border trade via official channels with China.
There is ample room for Vietnam and China’s localities, particularly Guangxi province, to boost trade collaboration, said Deputy Director of the city’s Investment & Trade Promotion Centre (ITPC) Nguyen Tuan.
The Ministry of Industry and Trade (MoIT) is seeking public comments on a legal draft amending Decree No. 14 on cross-border commercial activities.
Vietnam will promote the use of e-commerce channels to expand export markets and enable enterprises to participate in foreign distribution networks.
After a short break to welcome the Lunar New Year (Tet) festival, border gates and crossings in Mong Cai city in the northern province of Quang Ninh has reopened since February 3 to keep cross-border trade uninterrupted.
The average duration for customs clearance for exports last year stood at 38.4 hours, a decline by 57.38 hours compared to 2019, according to a survey of an inter-sectoral working group.