NEW REGULATIONS ON DETERMINING ORIGIN OF EXPORTS AND IMPORTS
The new circular has amended and supplemented contents relating to difference of HS codes on the certificate of origin (C/O) and on import declaration form; the list of imported goods subject to certificates of origin submitted to customs offices. Particularly, the circular supplements important regulations on rules of origin made under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
NEW DRIVE IN SMART CITY DEVELOPMENT
A modern city with many public facilities and utilities serving people, suitable investment attraction, and effectively supporting the policy of relaxing Hanoi’s inner city are the targets of a smart city project in accordance with the development master plan of the Nhat Tan-Noi Bai area.
NEWEST AIRLINE TO TAKE FLIGHTS FROM JULY 2020
Thang told Vietnam News Agency’s reporter on August 21 that under the CAAV’s document on the establishment of Vinpearl Air submitted to the Ministry of Transport, the 202.6-million-USD airline will increase the number of its aircraft to 36 by 2025, adding six to its fleet each year.
FOREIGN FUNDS PUMPED INTO VIETNAM LOGISTICS MARKET
In July, Vietnam Maritime Corporation (VIMC) signed a joint venture contract with its Japanese partner, Suzue, on shipping and logistics business. Sumitomo Corporation recently cooperated with Suzuyo and a Japanese public-private investment fund to spend nearly US$40 million buying a 10% stake of Gemadept Corporation of Vietnam.
LOGISTICS MARKET SEES WAVE OF INVESTMENT FROM JAPAN, ROK
The logistics market has become more vibrant in recent times with large merger and acquisition (M&A) deals between Vietnamese businesses and foreign investors who have strong financial and technological potential, especially those from Japan and the Republic of Korea.
CITY SPEEDS UP DEVELOPMENT OF LOGISTICS SECTOR
According to the Việt Nam Logistics Business Association, more than 70 per cent of the country’s 3,000 logistics firms are in the city, mainly operating in shipping and delivering, transportation, warehousing, ports, loading and unloading, distribution, customs clearance and integrated logistics services.
VIETNAMESE VESSEL FLEET RANKS 30TH WORLDWIDE
Average vessel age of Vietnamese ones is 15.6 years old, lower than the world’s ones of 20.8 years old. Especially, the number of Vietnamese containers increased from 19 in 2013 to 39 in 2019.
INFO MINISTER URGES HCMC TO SPEED UP TELECOM INFRASTRUCTURE DEVELOPMENT
Minister Hung voiced his support for the city’s stance on technology adoption to bolster its economic growth and resolve its problems. He said the Ministry of Information and Communications regards the city as the driving force behind information and communications technology development in the country.
