Reforms of checks on imported products would create large room for growth: minister
Reforms of checks on imported products will help improve the business climate while reducing time and costs, which will give significant room for growth, Minister and Chairman of the Government Office Mai Tien Dung has said.
Officials of Mong Cai Customs Department, Quang Ninh province checks products. (Photo: baoquangninh.com.vn)
Hanoi (VNA) -🍷 Reformsof checks on imported products will helpimprove the business climate while reducing time and costs, which will give significant room for growth, Ministerand Chairman of the Government Office Mai Tien Dung has said.
Dung was speaking at the Government Office’smeeting on October 13 to discuss the draftproject about reforms of quality and food safety control on imported productsfollowing the proposal of the Ministry of Finance. Theminister said there arebarriers in procedures for importing products, which is time-consuming and pushing up costs,adding that the project aims totackle these problems and create a favourable business environment. The World Bank’s Doing Business2020 report announced in October last year revealed Vietnam's ranking for the ease of trading acrossborders dropped four spots from 100th to 104th out of 190 economies while theease of doing business fell one spot from 69th to 70th. Detailed measures must beraised to improve ease of trading across borders as well as the businessclimate and national competitiveness, especially in the context that theVietnamese Government set the targets of simplifying and cutting at least 20percent of business regulations and slashing at least 20 percent of compliancecosts, Dung said. “If we do well with reforms onchecks on imported products, it will create large room for growth," the minister said. Deputy Minister of Finance Vu Thi Mai said reforms are being carried out but more drasticmeasures are needed to createbreakthroughs. Specialised checks on importsremain a burden on business, which increases time spent on customs clearance andundermines national competitiveness intrading across borders, she said. Mai said the project aims to cut time and costs and createfavourable conditions for business, protect the rights of businesses andconsumers and improve efficiency in the management of imported products. The project will focus on reforms which will make customs the focal point for qualityand food safety control on imported products. The finance ministry estimated that the reformed model will help reduce the number of declarations forquality and food safety control per year by about 54.4 percent and help save2.4 million working days, equivalent to 881 billion VND (38 million USD). A representative from theMinistry of Industry and Trade said the project needs to clarify the roles of other ministriesin carrying out specialised checks and post-clearance checks to have the mostappropriate reforms. Dung also asked ministries to hasten reformsto remove inconsistencies and overlaps which are burdening businesses.
During the past four years,3,893 out of 6,191 business conditions wereremoved or simplified, together with removing 6,776 out of 9,926 product linessubjected to specialised checks for customs clearance. This helped save morethan 18 million working days, equivalent to more than 6.3 trillion VND./.
Vietnam’s current account surplus could narrow to 3.7 percent in 2020 from 4.9 percent last year due to the impacts of the COVID-19 pandemic, according to Fitch Solutions.
The Ministry of Agriculture and Rural Development (MARD) held a meeting with businesses in Hanoi on September 14 to promote the import of agricultural products from the US.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.