Accordingly, the Ministry of Finance’s General Department of Customs is responsible for implementing the contents of the aforesaid agreement, including information sharing, protection and use; technical cooperation among others.The Ministry of Public Security shall direct its agencies to coordinate with the General Department of Customs in implementing the relevant contents and in exchanging information related to smuggling of narcotics, psychotropics, pre-substances and other substances that may causes damages to the environment, public health, safety and security; money laundering and illegal money transfer among others. By Thuy Dung … [Read more...] about Plan to implement VN-Italy customs cooperation agreement approved
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Vietnam’s customs sector aims to raise revenues in 2018
The official made the requirement during an online conference held on January 11 to review the sector’s work and launch the new tasks in 2018. To realise the target, Dung asked the General Department of Vietnam Customs (GDC) to tighten post-clearance inspections and intensify the fight against trafficking and trade fraud, along with accelerating the collection of overdue tax. The minister stressed the role of a legal framework for the single national window and information exchanges with trade partners. He also instructed the efficient implementation of the project on monitoring seaports and infrastructure improvement for customs management. In 2018, the NA tasked the customs sector with the collection of VND283 trillion (US$12.46 billion) for the State budget in the context of import tax reductions for many commodities under free trade agreements that Vietnam has signed with its partners. GDC Director General Nguyen Van Can said the GDC will take measures to prevent tax losses … [Read more...] about Vietnam’s customs sector aims to raise revenues in 2018
Customs revenue surpasses target
Revenue from the General Department of Customs (GDC) in 2017 hit VND297 trillion (US$13 billion) last year, a year-on-year increase of 9.5 per cent and equivalent to a 4.3 per cent increase on the annual target. This was revealed at a press conference by the GDC in Ha Noi on Thursday. Regarding post-customs clearance inspections, the GDC has instructed local customs departments to focus on common, illegally trafficked products with high turnover, high tax rates and high risk of wrong codes and prices, such as automobiles, liquors, beer, paper and cosmetics. In 2017, the GDC carried out nearly 9,000 post-customs clearance inspections, including 1,300 inspections at companies and more than 7,200 at local customs offices. The department also boosted inter-sectoral co-operation to prevent and detect smuggling and trade fraud. There were fewer smuggling cases unearthed in 2017, but they were high in value. Customs officers last year discovered 15,184 violation cases, down 1.97 per cent … [Read more...] about Customs revenue surpasses target
Top 10 Customs Events in 2017
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2017 elapsed with many outstanding events of the customs sector among which the General Department of Vietnam Customs named Top 10 events. Strongly applying information technology to practice The next top event is the deployment of 24/7 Electronic Tax Collection and Customs Clearance Scheme. Money settlement will be made via credit institutions, especially 36 commercial banks in cooperation with the General Department of Vietnam Customs. Electronic payments conducted via banks in 2016 accounted for 90 per cent of total State budget revenues contributed by the customs sector. However, coordinating banks which are responsible for collecting money have not supported cut-off-time (COT) money transfer, thus failing to meet the target of electronic tax payment transactions at any time, in any place and via any medium. Therefore, to overcome the above limitations, on June 21, 2017, the General Department of Vietnam Customs issued Decision 2082/QD-TCHQ approving the Scheme of … [Read more...] about Top 10 Customs Events in 2017
Customs sector aims to raise state budget collection in 2018
The official made the requirement during an online conference held on January 11 to review the sector’s work and launch new tasks in 2018. Minister of Finance Dinh Tien Dung speaking at the event To realise the target, Dung asked the General Department of Vietnam Customs (GDC) to tighten post-clearance inspections and intensify the fight against trafficking and trade fraud, along with accelerating the collection of overdue tax. The minister stressed the role of a legal framework for the national single window and information exchange with trade partners. He also instructed the efficient implementation of the project on monitoring seaports and infrastructure improvement for customs management. In 2018, the NA tasked the customs sector with the collection of 283 trillion VND (12.46 billion USD) for the State budget in the context of import tax reduction for many commodities under free trade agreements Vietnam has signed with partners. GDC Director … [Read more...] about Customs sector aims to raise state budget collection in 2018
New book on traditional customs launched
VietNamNet Bridge – Culture researcher Phan Cam Thuong has just launched the second book in his four-volume series on Vietnamese civilisation.The 600-page book, titled Tap Tuc Doi Nguoi – Van Hoa Tap Tuc cua Nguoi Nong Dan Viet Nam The Ky 19-20 (Life’s Customs – Cultural Customs of Vietnamese Peassants in 19-20th Century), published by the Writers Publishing House and the Nha Nam Culture and Communications Company, features the results of Thuong’s 20-year-research.It follows the first book in the series, titled Van Minh Vat Chat Cua Nguoi Viet (Vietnamese People’s Material Civilisation), published in 2011, which features vehicles and objects that Vietnamese people created and used.The new book offers different views on the spiritual life of Vietnamese farmers and the ways they interact in rural and urban environments. The book does not list all the customs in Vietnam but highlights the most basic ones, which involve the development of people’s … [Read more...] about New book on traditional customs launched
Customers’ awareness of E5 fuel needs to be raised: officials
They say that this task is incumbent upon the Ministry of Trade and Industry, local departments and related agencies. E5 fuel is a mix of A92 petrol (95%) and biofuel ethanol (5%). Since it went on sale on January 1, replacing RON92 petrol, the biofuel mix has failed to attract expected attention from local drivers, although it is a cheaper alternative. The retail selling price of E5 biofuel is about VND2,000 (US$8.9 cents) per litre cheaper than that of RON92 petrol at VND18,243. Meanwhile, the retail selling price of RON95 petrol has been increased by VND760-810 per litre to more than VND20,690. However, since many people are still unsure, they have opted to buy the more expensive A95 petrol. Tran Vu Thien Thanh of HCM City’s District 4 said she was used to buying RON 92. Since it is not available, she was spending more money on A95 because she was not sure if the new E5 biofuel would suit her old motorbike. Le Minh Tuan of HCM City’s Phu Nhuan district said there … [Read more...] about Customers’ awareness of E5 fuel needs to be raised: officials
Customers still unsure of E5 fuel: officials
Many motorbike owners are still unsure if the new E5 fuel being sold nationwide suits their vehicles, and authorities need to improve public awareness accordingly, officials admit.Many motorbike owners are still unsure if the new E5 fuel being sold nationwide suits their vehicles, and authorities need to improve public awareness accordingly, officials admit.— Photo cafef.vn They say that this task is incumbent upon the Ministry of Trade and Industry, local departments and related agencies.E5 fuel is a mix of A92 petrol (95 per cent) and biofuel ethanol (5 per cent).Since it went on sale on January 1, replacing RON92 petrol, the biofuel mix has failed to attract expected attention from local drivers, although it is a cheaper alternative.The retail selling price of E5 biofuel is about VNĐ2,000 (8.9 US cents) per litre cheaper than that of RON92 petrol at VNĐ18,243.Meanwhile, the retail selling price of RON95 petrol has been increased by VNĐ760-810 per litre to more … [Read more...] about Customers still unsure of E5 fuel: officials
Building value based on customer trust
Modern showroom, ideal locationKia Pham Van Dong showroom is located on Pham Van Dong Road, part of Hanoi’s Belt Road 3 - a lifeline connecting provinces in the north and northeastern region, industrial zones and the Noi Bai International Airport with the capital’s center. This ideal location makes it convenient for customers to discover Kia-branded products and services.Located near to economic, cultural and political centers of Cau Giay District, the 6,000sq.m showroom with Kia Motors Corporation’s brand identity was designed according to the standards of a 3S showroom consisting of major areas: sales, service, spare parts, and functional areas. An area of nearly 1,000sq.m is used to introduce the latest models of Kia-branded cars, such as Kia Morning, Kia Sorento, Kia Sedona, Kia Optima, and especially the luxury model Kia Quoris. Adjacent to the showroom and office is the 5,200sq.m service workshop with modern technical equipment capable to serve 200 cars per … [Read more...] about Building value based on customer trust
China’s Alibaba under fire over use of customer data
Chinese e-commerce giant Alibaba has come under fire over its handling of user data in an episode that underscores growing concerns for privacy in the hyper-digitized country. Alibaba affiliate Ant Financial was forced to apologize on Wednesday after users said they felt misled into allowing its Alipay service to share data on their spending habits with its credit-scoring arm and other third-party services. Controlled by Alibaba co-founder Jack Ma, Ant Financial provides mobile payment, lending, and credit services to millions of Chinese consumers, and the controversy has featured prominently in China's state-controlled media this week. Consumers have come to expect a lack of privacy in a country where the government collects a file of personal data on each person including financial, education and other information, and where video surveillance is widespread. But many Chinese internet users reacted with unusual outrage to learn that Alipay, which is used by millions daily to make … [Read more...] about China’s Alibaba under fire over use of customer data