Vietnam Trade Information Portal launched

Deputy Prime Minister Vuong Dinh Hue andd World Bank’s Acting Country Director Sebastian Eckardt, yesterday jointly pushed the button to make the newly-launched Vietnam Trade Information Portal (VTIP) live.

The surface of the portal

The surface of the portal

Hosted by the General Department of Vietnam Customs (GDVC) under the Ministry of Finance, with support from the World Bank Group in Vietnam, the portal is expected to help improve the predictability and transparency of the country’s trading laws and processes, giving foreign and domestic investors quick access to Vietnam’s trade rules.
The initiative is the latest government effort to increase access to information and to comply with the World Trade Organization’s Trade Facilitation Agreement. The website will include existing trade regulations and procedures such as laws, administrative procedures, guidance notes, forms, licenses, permits, and applicable fees in both Vietnamese and English.
Some of VTIP’s other features include: an overview of Vietnam’s economy, business startup process, import and export guide, customs terminology, as well as information on special economic areas, export processing zones, cross-border trade and GSP automation; international, regional and bi-lateral trade agreements to which Vietnam is a party, including applicable rules and requirements as well as associated benefits; a selection of websites of international organizations or institutions that can bring further support to overseas expansion and tools allowing exporters to perform trade potential analysis, desk research and market surveys.

By HAM YEN - Translated by UYEN PHUONG

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