Thursday, February 20, 2025 6:21:57 AM - Markets closed
VN-INDEX 1,288.56 +10.42/+0.82%
HNX-INDEX 237.79 +1.95/+0.83%
UPCOM-INDEX 99.34 -0.17/-0.17%
Ministry of Finance deploys pilot project for smart border gates
vietnamnews - 11/1/2024 10:31:37 AM
 (0 ratings. You must sign in to rate.)
The Ministry of Finance deploys a pilot project for smart border checkpoints at Huu Nghi (Vietnam)-Youyi Guan (China) International Border Gate Pair.
 
 
Plant quarantine staff at Hữu Nghị border gate check exported agricultural products. — VNA/VNS Photo
 
Plans are in place to improve border gates in order to ease routes for freight transport.
 
The smart system will see upgrades made at crossing points from Hữu Nghị in Lạng Sơn Province to Youyi Guan in China. 
 
Deputy Minister of Finance, Nguyễn Đức Chi, recently signed Decision No 2521/QĐ-BTC to implement the pilot project.
 
According to the plan, the Ministry of Finance has appointed the General Department of Customs as the lead agency, overseeing progress on project tasks.
 
The General Department of Customs has been assigned primary tasks, including upgrading the National Single Window System to enable information exchange regarding export-import shipments and cross-border transport vehicles with the Nanning Customs (China) and relevant agencies at the border.
 
Amending Decree No 85/2019/NĐ-CP on the implementation of administrative procedures for exported and imported goods, and cross-border vehicles, will bring it in line with the ASEAN and national single window mechanism and compliance with a data-sharing model between Vietnam and China.
 
The plan also calls for expanding the functions of the National Single Window System to facilitate the exchange of information on export-import shipments and cross-border vehicles with Nanning Customs (China) and relevant border agencies.
 
To support the pilot of the smart border gate model between Lạng Sơn (Vietnam) and Guangxi (China) in customs cooperation, the Customs has established a Vietnamese task force to liaise with Nanning Customs (China). This task has now been completed.
 
Vietnamese General Department of Customs will continue to co-ordinate with Nanning Customs (China) to form a joint working group to develop a deployment plan, specifying types of export-import goods, content, methods and frequency of receiving and processing customs declaration data for cross-border goods and vehicles.
 
Tasks also include developing temporary regulations on customs procedures and oversight for exports and imports through the smart border gate.
 
By the end of the fourth quarter of 2025, the General Department of Customs will submit a proposal to the Prime Minister Phạm Minh Chính for temporary regulations governing customs procedures, oversight and control of goods passing through the pilot smart border gate. — VNS
 
Read original article here
Newer News
19/02 HCM City plans substantial investment in infrastructure
19/02 Realising circular economy to achieve sustainable development goals
19/02 Local car market sees a significant growth of electric and hybrid vehicles
18/02 Southeast Mekong Delta provinces show positive signs in attracting FDI in 2025
17/02 Vietnam's seaports need investment to enhance competitiveness
17/02 Vietnam still has a chance to export steel and aluminium to US despite tariffs
17/02 Ministry of Transport prioritises investment in key projects
15/02 Vietnam boosts pharmaceutical chemical exports
15/02 Rice export prices drop, but decline expected to be short-term
15/02 Bac Giang aims to maintain position as one of Vietnam's fastest-growing provinces
Older News
01/11 Vietnam poised to become the third-largest data centre market in ASEAN
31/10 Surging rice import is business as usual: MARD
31/10 US receives request for anti-dumping probe into Vietnamese pharmaceutical capsules
31/10 Vietnamese companies secure three lots in Indonesia's 500,000-tonne rice tender
30/10 Soc Trang's 10 month export surpasses yearly target
30/10 Vietnamese rice unaffected by quality fraud detentions in Sweden
29/10 Great growth potential for chilled meat market
29/10 Coffee price hikes push export revenue up
29/10 Hanoi to organise two big exhibitions to promote supporting industry in 2025
29/10 PM urges Dubai Int’l Financial Centre to help Vietnam develop financial services
 
Newsletter Signup
Top Stories
Market cautious as liquidity drops significantly
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,288.56 +10.42/+0.82%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.