Despite Việt Nam''s recent efforts to improve the business environment, foreign investors still face several investment environment barriers such as administrative procedures related to land clearance and acquirement according to business experts and insiders.
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.
It is forecast that the demand for goods trading through Huu Nghi and Tan Thanh border gates will increase sharply as Viet Nam and other countries are entering the peak time in the harvest season of fruits and agricultural products.
A transparent information exchange mechanism was also needed to improve the efficiency of the national single window and simplify the procedures of specialised inspection, which would benefits to trade.
Deputy Prime Minister Le Van Thanh has requested ministries, sectors and localities to closely coordinate with Chinese agencies to speed up customs clearance, striving to have no congestion of cargo trucks at border gates before Tet (Lunar New Year) holidays.
The main contractor for the Nhon – Ha Noi Railway Station route - the second metro route in Ha Noi – has asked for compensation of US$114.7 million, saying that it has been suffering losses due to long-delayed land clearance.
Lao Cai authorities, including customs, border guards, and medical quarantine officials, maintained operations in the opening days of the new lunar year to ensure the quick and safe customs clearance of goods.
Applying risk management in customs operations will not only enable trade security and facilitation but will also allow the General Department of Customs to focus its resources on high-risk trade.
Authorities need to finish the relocation of an international internet cable line, electrical networks and burial grounds to clear the site so construction can begin.
The Ministry of Agriculture and Rural Development (MARD) on Thursday requested provinces and businesses to temporarily suspend transport of export agricultural products, especially fruits, to Lang Son Province’s border gates due to slow customs clearance.
Trade and customs clearance of agricultural products at border gates on the border with China got back to normal but slow due to strict adherence to regulations of preventing the outbreak of COVID-19 virus.
The Ministry of Industry and Trade (MoIT) has proposed Prime Minister Nguyen Xuan Phuc permit customs clearance of goods through all secondary border gates in the northern province of Lang Son, which is on the border with China.
Mong Cai City in Quang Ninh Province has basically completed preparations for resuming customs clearance at Mong Cai International Border Gate in the near future.