Goods exported from Vietnam would be applied with the C/O mechanism. (Photo: VNA) Hanoi (VNA) - The Ministry of Industry and Trade has issued Circular No 03/2019/TT-BCT stipulating the certificates of origin (C/O) rules in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). According to the ministry’s Import-Export Department, the CPTPP has some differences compared to other Free Trade Agreements (FTAs) which Vietnam has signed including the rule of origin of goods and rules of origin of refurbished and recycled goods. The C/O form issued to Vietnam’s exported goods including the minimum information required by the CPTPP was also issued alongside the circular that will take effect from March 8, 2019. Regarding the mechanism for certification of origin, goods exported from Vietnam would be applied with the C/O mechanism by agencies and organisations authorised by the ministry. The transition time to implement the mechanism of exporters … [Read more...] about Ministry of Industry and Trade issues circular on certificates of origin
Ministry of industry and trade
PM: industry and trade sector must accelerate reform process
This remark was made by Prime Minister Nguyen Xuan Phuc at a conference held by Ministry of Industry and Trade (MOIT) to outline its tasks for 2019, on January 17. PM Nguyen Xuan Phuc hailed its intensive administrative procedure reform with 72.1 percent of business conditions being cut down, which, he said, has helped facilitate production and the development of enterprises. However, he pointed out several shortcomings facing the sector, including the slow implementation of several plans and the asynchronous revision of some others that have knock-on effects for the country’s general development. The industrial sector has yet to meet national economic development requirements as there is currently no spearhead industry that can really take the lead and improve national competitiveness. Meanwhile, there are still issues that persist relating to digitalisation in industrial production and trade that need to be tackled soon, he added. Minister of Industry and Trade Tran Tuan Anh … [Read more...] about PM: industry and trade sector must accelerate reform process
Red River Delta Industry and Trade Fair opens in Vĩnh Phúc
Representatives cut the ribbon at the opening ceremony. — VNA/VNS Photo Nguyễn ThảoViet Nam News VĨNH PHÚC — The Red River Delta Industry and Trade Fair kicked off in the northern province of Vĩnh Phúc on Thursday. The fair features 350 stalls showcasing industrial products, handicrafts, local specialties, consumer goods, household appliances and farm produce. Speaking at the opening ceremony, director of Vĩnh Phúc’s Department of Industry and Trade Nguyễn Thế Trường said the fair was part of the 2018 national trade programme held by the Ministry of Industry and Trade. The fair aims to promote trade and investment activities to create opportunities for enterprises in the Red River Delta region in particular and the whole country in general to introduce brands and expand the consumption market. At the same time, it is an opportunity for enterprises to exchange information, seek … [Read more...] about Red River Delta Industry and Trade Fair opens in Vĩnh Phúc
Fair of industrial and consumer goods opens in Hòa Bình
A stall selling Cao Phong oranges, a speciality of Hòa Bình Province. — VNA/VNS Photo Thanh HảiViet Nam News HÀ NỘI — More than 200 booths are displaying products at an exhibition of industrial and consumer goods that opened in the northern province of Hòa Bình on Thursday. The fair is part of a series of trade promotion events held by the Ministry of Industry and Trade (MoIT) in Hòa Bình Province with the participation of representatives from 28 provinces and cities in the northern region. The exhibition features products from traditional handicraft villages, industrial equipment, consumer and household goods, agricultural products, textiles and cosmetics. According to Ngô Quang Trung, head of the Agency for Regional Industry Development under the MoIT, the event is an opportunity for enterprises and industrial production establishments to boost trade and look for potential partners to promote their brands, … [Read more...] about Fair of industrial and consumer goods opens in Hòa Bình
Ministry of Industry and Trade proposes scrapping another 202 regulations
The elimination of these regulations is part of the MOIT’s plan to simplify business requirements over the 2019-2020 period, as adopted by Minister Tran Tuan Anh on October 11. To date, the ministry has already eliminated 672 among a total of 1,216 regulations concerning 27 sectors under its jurisdiction. According to Le Anh Son, head of the ministry’s legal department, the next batch will mainly remove regulations on food safety and the trading of cigarettes, alcohol and chemicals. With these 202 regulations, more than 72% of the business regulations under the MOIT will have been removed, equivalent to 14% of the total regulations, under various ministries and agencies, which need to be abolished. So far, four ministries have officially scrapped 900 business regulations out of 5,905 in total, with the MOIT making the most drastic cuts. … [Read more...] about Ministry of Industry and Trade proposes scrapping another 202 regulations