Vietnam vows to cut down the time for customs clearanceVietNamNet Bridge – Ngo Minh Hai, deputy director of the Inspectorate and Supervision Department under the General Department of Viet Nam Customs, tells the newspaper Viet Nam Investment Review about Viet Nam’s resolve to simplify import-export procedures. These are indications that specialised management for imports and exports has prolonged the time for customs clearance and increased costs for enterprises. To achieve these targets, the customs office must practice risk assessments and common international customs clearance procedures, including using IT in information sharing between concerned agencies and the customs office. To shorten the customs clearance time, many countries perform customs checking in factories. If Government Resolution 19/2017 is implemented, by late 2017 customs clearance will take on average 160 hours.

Source: VietNamNet News February 15, 2017 02:03 UTC