The customs force in Ho Chi Minh City is checking imports and exports while observing Covid-19 prevention and control measures. (Photo: haiquanhochiminh.gov.vn)

VN saves billions of US dollar thanks to improved customs clearance procedure

Vietnam Customs yesterday announced that because of time reduction in customs clearance procedures for import and export goods, Vietnamese businesses have been able to save over US$3.28 billion in both direct and indirect costs. This is the result of the survey ‘Cross-border Commercial Transaction Index 2020’ for trading environment improvement, national competitiveness increase.