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Vietnam Trade Information Portal online

Tu Hoang
Friday,  Jul 14,2017,19:23 (GMT+7)
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Vietnam Trade Information Portal online

Tu Hoang

HANOI – Vietnamese ministries, together with the World Bank, have launched the Vietnam Trade Information Portal to provide export-import regulations and procedures.

At the launching ceremony on Wednesday, Deputy Prime Minister Vuong Dinh Hue, Minister of Finance Dinh Tien Dung, the World Bank’s Acting Country Director Sebastian Eckardt, and director general of the General Department of Vietnam Customs Nguyen Van Can pushed the buttons to formally make the portal go live.

Built by the General Department of Vietnam Customs with the assistance of the World Bank, the Vietnam Trade Information Portal is expected to help improve the predictability and transparency of trading laws and procedures in Vietnam, giving domestic and foreign investors quick access to the country’s trade regulations. This is the Government’s latest effort to enhance trade facilitation.

“With the official launch and operation of the portal, we hope this will be an easy way for businesses to find sufficient and necessary information for their trading activities,” said Minister of Finance Dinh Tien Dung.

He added the Ministry of Finance, as the leading agency in the implementation of the Trade Facilitation Agreement of the World Trade Organization (WTO), has committed to closely coordinate with government agencies, the private sector and international organizations to ensure the efficient cooperation and information sharing for the sustainability of the portal and contribute to the realization of Vietnam’s international commitments to transparency.

The website contains existing trade regulations and procedures such as laws, administrative procedures, guidance notes, forms, licenses, permits and applicable fees in both Vietnamese and English. 

“Trade is a driving force for the growth of Vietnam and having quick and easy access to information on import and export procedures is crucial for traders and investors,” said Eckardt of the World Bank.

He said the portal will become a one-stop access point where users can find information from dozens of ministries and state agencies that are involved in trade procedures.

A single portal containing all the necessary information will save time and costs for businesses, specially for small and medium enterprises interested or involved in import and export.

According to the World Bank's Doing Business 2017 report, Vietnam has climbed nine spots to 82 from 91 in improving business environment and jumped 15 spots to 93 from 108 in improving border-trade indicators related to import-export operations.

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