Vietnam to tighten inspections on importing goods and services

The General Department of Vietnam Customs issued the official document No.5589/TCHQ-TXNK requesting all the local customs departments to tighten inspecting, consulting and determining taxes for importing items in the list of risk management.

The local departments also have to enhance inspection on importing goods and services in large quantity, high value such as automobiles, complete built units motors, wines and cloths, etc.

The head of local departments of customs will take responsibilities for the price declaration, consultation and value of each import importing shipment.

Vietnam’s customs department collected VND176 trillion ($8.46 billion) in Jan-Oct, up 19.7% on year and meeting 97.4% the whole year’s target of VND180.7trillion. The sector is now tightening the control on trade frauds and drug smuggle crossing borders.

The move was carried in amid of the government’s effort to restrain the commercial frauds, curb trade deficit and stabilize the economy, Vietnam News Agency said.

Source TEI/StoxPlus

Tags: Vietnam exports, Vietnam exports 2011, Vietnam trade

Posted by VBN on Nov 10 2011. Filed under Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry