Aug. 3 – Electronic customs declaration and clearance is now available for trade passing by the Lao Cai border gate beginning August 1.
The province is the eleventh one to adopt the process for trading goods.This will make it easier for companies selling goods to China via the Lao Cai border to easily declare customs procedures and have the option to pay fees on a monthly or per customs declaration form basis.
Lao Cai Province’s main economic activities include agriculture and forestry. It is trying to attract more foreign direct investment in the area while developing cross-border trade with China and ecotourism.
According to The World Bank’s Doing Business 2010, Vietnam ranked 74th out of 183 economies in terms of trading across borders. It takes an average of 22 days to go through export procedures in the country.
Vietnam wants to make the trading process as efficient as possible. In 2009, the government began expanding the availability of e-customs declarations in Haiphong, Ho Chi Minh City, Hanoi and Danang as well as the provinces of Lang Son, Quang Ninh, Quang Ngai, Dong Nai, Binh Duong and Ba Ria-Vung Tau.
Posted on August 3, 2010 by Vietnam Briefing