General Department of Customs Applying priority to businesses
- 198
- Business
- 02:08 23/03/2023
DNHN - Nguyen Van Tho, Deputy Director General of the General Department of Customs, the signing of the Mutual Recognition Agreement on the Priority Enterprise Program (DN) with ASEAN countries

Organizations are entitled to the priority system
The General Department of Customs has just signed an Agreement on the mutual recognition of the Priority Enterprise Program with the customs of Association of Southeast Asian Nations (ASEAN) member states, including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
Nguyen Van Tho, Deputy Director General of the General Department of Customs, stated that Vietnam has been piloting the Priority Enterprise Program since 2011 and officially implementing it in 2014 through the introduction of regulations on the Priority Enterprise Program. This program currently applies to businesses with import and export operations.
By the end of 2022, after eight years of Priority Enterprise Program implementation in Vietnam, 74 enterprises will be subject to the priority enterprise regime, including 23 Vietnamese enterprises, 15 Korean enterprises, and 15 Japanese enterprises. Ban, the remainder are United States, Taiwan (China), Italian, and Danish businesses...
The import-export turnover of 74 priority enterprises will reach 221 billion US dollars in 2021, accounting for approximately 30 percent of the country's total turnover. The priority business sectors are extremely diverse, ranging from industry, outsourcing, and processing to agriculture and the creation of hundreds of thousands of jobs.
Sharing the benefits of signing the Mutual Recognition Agreement on the Priority Enterprise Program with ASEAN member countries, Deputy Director General Nguyen Van Tho stated that through the Mutual Recognition Agreement, priority enterprises will enjoy many benefits, such as: reducing customs clearance time and related costs (storage costs, labor costs); ensuring on-time delivery; enhancing competitive advantage; and bolstering the security of the supply chain of goods when transiting through ASEAN member countries.
When evaluating and classifying priority enterprises of countries that have signed the Mutual Recognition Agreement on the Priority Enterprise Program, the customs authorities of those countries will recognize and coordinate to address the challenges faced by enterprises. encountered to implement the necessary monitoring and management procedures.
Also according to the head of the General Department of Customs, priority enterprises will reap the benefits of mutual recognition agreements when engaging in import-export activities with partners from nations that have signed agreements with Vietnam. To take advantage of these agreements, Vietnam's priority enterprises may seek suppliers and customers in countries that have signed agreements with Vietnam.
Focusing the application of regulations on priority businesses
In the future, the General Department of Vietnam Customs will continue to improve the regulations on priority enterprises based on the recommendations of the World Customs Organization on Applicable conditions, priority regimes, powers and responsibilities of customs offices; Rights and obligations of enterprises, customs management for priority enterprises, building and promoting the implementation of agreements; and Applicable conditions, priority regimes, powers and responsibilities of customs offices. essential work in the world
The Customs Development Strategy to 2030 outlines the objective of promoting the implementation of agreements on mutual recognition of priority enterprises between Vietnam Customs and the customs of the world's most significant partner nations.
To achieve the aforementioned objective, it is crucial to amend domestic law so that Vietnam's Priority Enterprise Program provisions are comparable to those recommended by the World Customs Organization. necessary. This will contribute to the reduction of time spent in negotiations with other nations.
Until now, countries in the ASEAN region have implemented the Priority Enterprise Program to varying degrees, depending on their respective circumstances. Nevertheless, virtually all nations have implemented the Program by the recommendations of the World Customs Organization's Security and Safety Standard Framework (SAFE).
"The pilot implementation of the agreement with ASEAN nations will pave the way for the General Department of Customs to negotiate and sign with other nations," stated Deputy Director General Nguyen Van Tho.
PV
Related news
- Exporting agricultural products to Japan Opportunities and Challenges for Vietnamese Businesses
- VNG was named at the top of the best working environment in Vietnam in 2023
- Arton Capital Vietnam and Enterprises and Integration Magazine signed a strategic cooperation agreement
- 2023 will open up new cooperation opportunities between Vietnam and the Czech Republic
- Expecting to join CPTPP, businesses from the UK are especially interested in Vietnam
- ESG procedures will improve and become more systematic once ESG is seen as an opportunity
- Horasis 2022 India Economic Cooperation Forum opens up many cooperation and investment opportunities in Binh Duong
- Prime Minister: It's the responsibility with people if we can't spend money
- Mr Nguyen Minh Cuong, ADB's Chief Economist in Vietnam, believes that Vietnam will continue to recover in the coming months
- ASEAN exports are expanding remarkably and significantly
- Francois Painchaud, IMF Representative in Vietnam and Laos: There are several ways to enhance Vietnam's macroeconomic base
- Nghe An focuses on completing five goals to welcome the new wave of investment
- Vietnam has seven advantages that "attract" international investment
- The United States and Vietnam encourage export firms to comply with customs regulations
- Phu Tho province promotes cooperation with Laotian provinces
- Mr Pham Minh Chinh, Prime Minister of Vietnam, collaborates with the Vietnam National Oil and Gas Group
- Cultural cooperation contributes significantly to the development of diplomatic ties between Vietnam and Italy
- Vietnam tourism is rebounding strongly, with domestic visitors reaching an all-time high
Đọc thêm Business
By 2027, the number of super-rich people in Vietnam will nearly reach 1,300 people
It is anticipated that by 2027, the number of ultra-wealthy individuals will nearly reach 1,300, an increase of 22% compared to the current population and a rise of 122% within ten years.
Phu Tho 455 businesses and 186 business households owe more than 555 billion VND in tax
As of March 31, 2023, the Phu Tho Provincial Department of Taxation has published a list of 455 businesses (enterprises) and 186 business households with tax arrears that are 90 days past due. The total debt exceeds 555 billion dollars.
Saigon Glory Financial difficulties, debt exceeds 3.99 times equity
Saigon Glory's financial situation was severely impacted by its liabilities, which amounted to VND 27,320 billion, or more than 3.99 times its equity.
Thanh Hoa implements policies that promote business growth effectively.
Thanh Hoa has effectively implemented a number of pro-business policies in order to foster a conducive business and investment climate to promote business growth, thereby contributing to the creation of a significant engine for socioeconomic develop
What makes Vietnam more and more attractive to Korean semiconductor giants?
Vietnam is emerging as a new source of demand for Korean companies' semiconductors as the nation emerges as a global IT equipment manufacturing hub.
FDI picture in the first 5 months of 2023 There has been an improvement
Vietnam attracted 962 new FDI projects in the first five months of the year, an increase of 66.4% compared to the same period last year, with a total registered capital of over USD 5.26 billion, an increase of 27.8% compared to the same period
Real estate businesses continue to lose money in the first quarter of the year
The real estate market has not shown many signs of improvement, so the decline in housing business activity in the first quarter of 2023 is not unexpected.
Interbank interest rates and deposit rates are falling sharply
As a result of the State Bank's announcement of a reduction in operating interest rates, interbank interest rates and deposit rates on the market plummeted, creating favorable conditions for financial activities.
More than 80% of businesses are negative about their business prospects by the end of 2023
According to a report by the Research and Development Board of the Private Economy, 71.2% of businesses still in operation in 2023 are projected to reduce their labour force by more than 5%, with 22.2% reducing their workforce by more than 50%.
At the end of May, more than VND 14,300 billion of corporate bonds matured
In the first twelve days of May, the total value of bonds repurchased ahead of schedule by businesses since the beginning of the year reached nearly VND 53,000 billion.