World Bank to help Vietnam develop trade information portal
The World Bank will help the General Department of Customs develop the Vietnam Trade Information Portal under a programme to support Vietnam in implementing the WTO’s Trade Facilitation Agreement.
Hanoi (VNA) – The World Bank will help🍌 the General Department of Customs develop the Viet⛎nam Trade Information Portal under a programme to support Vietnam in implementing the World Trade Organisation’s Trade Facilitation Agreement (TFA).
A declaration to this effect was signed between the WB and the General Department of Customs in Hanoi on January 12, under which the WB will also help establish a National Committee on Trade Facilitation, making it easier for Vietnam to fulfill TFA’s terms based on assessment of ministries and agencies’ readiness for complying with commitments.
The objective of the portal, which is due to be launched in the next eight months, is to make all regulatory trade-related information useful to Vietnamese exporters and importers easily and readily available in a single integrated website, provide transparency and consistency of trade procedures, and in doing so, increase the compliance level and reduce the cost of doing business at border gates.
Earlier on April 16, 2015, the Government Office issued a document on the Prime Minister’s conclusion regarding administrative reform in the customs sector, under which the National Steering Committee on ASEAN and National One-Stop Shop Mechanisms, is expected to play the role of the National Committee on Trade Facilitation.-VNA
The central coastal province of Khanh Hoa’s People’s Committee held a working session with a delegation from the World Bank (WB) on an environmental sanitation project in Nha Trang City on November 20
Vietnam’s GDP growth is likely to reach 6.5 percent this year as the country’s economy has weathered the recent turbulence in the external environment fairly well.
About 6.8 million Vietnamese people will get benefits from the Vietnam Dam Rehabilitation and Safety Improvement Project with the credit support worth 415 million USD from the World Bank.
A pilot concentrated livestock production zone was inaugurated in Thong Nhat district, Dong Nai province on Dec. 28, the first of its kind to be funded by the World Bank in Vietnam.
Vietnam's Government should work with private importers, exporters and transport companies to improve freight logistics because the evolving economy needs new strategies for strong growth.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: VNA)
