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E-Customization leaves incredible imprint over Vietnamese trade

E-Customization leaves incredible imprint over Vietnamese trade

HANOI: Vietnamese export and import turnover through e-customs procedures has reached $252.8 billion in 2013 registering 25 percent year-on-year increase, according to a report.

The report revealed that the export-import turnover through e-customs procedures accounts for 96 percent of the country’s total export and import revenue. Earlier in January 2013, 34 customs departments around the country applied e-customs procedures, drawing participation of 49,900 companies.

Speaking at the conference, Vietnamese Minister of Finance said in order to fulfill the tasks of 2014, the customs sector should speed up administrative reform, especially applying information technology into customs procedures, to create favorable conditions for trading activities and improve risk management capacity to reduce the state budget losses.