Hai said that it is necessary to further improve the logistics legal framework in accordance with Vietnam’s actual development demand in order to improve competitiveness and enable the industry to make the most of the opportunities offered by the EVFTA. Further promoting administrative simplification, application of the National Single Window (NSW), ASEAN Single Window (ASW), electronic customs and commerce are also important to help foreign trade and logistics enterprises minimize costs. It is necessary to promote state management of logistics by the national committee on ASEAN Single Window and National Single Window, and Trade Facilitation (Steering Committee 1899), develop and implement logistics development strategies and policies, and consistently improve logistics infrastructure. The Vietnam Logistics Business Association should strengthen connectivity between businesses in the industry, helping them reduce costs and improve competitiveness. … [Read more...] about EVFTA offers opportunities for logistics business
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According to Vietnam Pepper Association (VPA), pepper is one of five commodities recently banned from import by the Nepalese Government. However, Vietnamese shipments of pepper had been exported before the effective date of this ban. The situation has not yet been resolved. … [Read more...] about MoIT seeks way to help businesses re-export pepper stuck in Nepal
The epidemic has made US businesses realize that they need to choose production locations which not only allow them to optimize production costs, but also have the capability to resist shocks and risks. The figure is expected to create a positive effect on decisions by American investors to expand their production and business to non-China markets. … [Read more...] about Will US investors head for Vietnam after leaving China?
The Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT) stated that the Vietnamese side also held a series of online meetings with their counterparts in Nepal in an effort to devise solutions aimed at resolving challenges faced by Vietnamese firms.If Nepal is unable to import pepper, then it is deemed necessary to create conditions in which Vietnamese enterprises can re-export their consignment. … [Read more...] about VN Trade Ministry rescues 58 containers of pepper stuck in Nepal
HCM City (VNA) - Ho Chi Minh City’s consumer price index (CPI) in May went down 0.33 percent from the previous month and 1.38 percent compared to December 2019, according to the city’s Statistics Office. However, the May CPI rose 1.4 percent on-year, the office said. Three of the 11 groups of goods and services used to calculate the CPI saw month-on-month price declines. The transport group saw the strongest fall of 2.29 percent, followed by food and catering services with 0.41 percent and housing, electricity, water, fuel and building materials with 0.97 percent. The groups of garment-headgear-footwear and education saw no fluctuations during the period, while all other groups recorded price increases. In the first five months of 2020, the municipal average CPI increased 3.76 percent annually./. … [Read more...] about HCM City: CPI down 0.33 percent in May