The Prime Minister has designated the general department as the coordinator for the implementation of the agreement’s Chapter IV - Customs and trade facilitation.

Vietnamese and British representatives exchange diplomatic notes confirming the day the UKVFTA becomes effective.

The customs authority is also assigned to join the Customs Committee, and be responsible for answering information related to customs and trade facilitation.

The UKVFTA was officially signed on December 29, 2020 and became effective on May 1, 2021. The agreement is expected to help Vietnam and the UK maintain preferential trade conditions and economic benefits through the market opening commitments already in the EU-Vietnam Free Trade Agreement (EVFTA).

In order to carry out the UKVFTA, the Prime Minister issued a decision on May 18, 2021 approving a plan to implement the agreement, tasking the Ministry of Finance, specifically the General Department of Vietnam Customs, to build a decree on Vietnam’s preferential export tariffs and special preferential import tariffs for the 2021-2022 period to implement the UKVFTA.

The decree was approved by the Government on May 21 and officially took effect from the date of approval.

According to economists, the UKVFTA will help reduce import tax on goods imported from the UK into Vietnam. This agreement is also expected to maintain the momentum of promoting trade and investment relations of the two sides in the coming years.

Bac Giang: 244 businesses arrange accommodation for workers at companies

(BGO) – Targeting to accelerate the production value and ensure safety amid Covid-19 pandemic, many businesses in Bac Giang province have arranged accommodation for workers at their campus.

Businesses at industrial parks tighten pandemic preventive measures

(BGO) – Covid-19 pandemic has complicatedly developed in several provinces and cities nationwide. Bac Giang province has two new hotspots. Though no more case was detected in the industrial parks, the businesses have highly focuses on synchronously implementing strict control solutions to prevent new outbreak.

Businesses regain growth momentum

(BGO) - Over the past two months, with the support of authorities at all levels and relevant agencies, businesses in Bac Giang province have made great efforts to overcome difficulties due to the impact of the Covid-19 epidemic to restore production and business, returning to the new normal. To date, all enterprises inside and outside the industrial parks have resumed operations, with industrial production value growing quite well.

Effective "four safes" model in businesses

(BGO) - To prevent and control the Covid-19 pandemic in the new situation, the principle of "four safes" under Directive 11, dated July 28, 2021, of the Chairperson of the provincial People's Committee has been thoroughly realised by authorities at all levels and sectors, thereby helping businesses stay safe from the epidemic, and restore production and business.

PM orders law revision to solve difficulties in investment, business

Prime Minister Pham Minh Chinh has sent a dispatch to several ministers, ordering a revision of laws to address difficulties in investment and business amidst complex developments of the Covid-19 pandemic.

Source: NDO/VNA