Sept. 28 – Vietnam is working towards improving its trade process with a single window customs pilot project backed by the U.S. Trade and Development Agency.
“This pilot project will help to increase revenue, enforce trade compliance regulations and reduce the cost of cargo movement into Vietnam, an increasingly important partner for the United States in Southeast Asia,” U.S. Ambassador Michael W. Michalak said when the US$718,600 grant was signed on September 15.
The project aims to effectively cut down customs clearance processing time in the country and develop trade and transit. Moreover, if the project is successful, it may serve as the model for a possible Association of Southeast Asian Nations single window trading and customs processing system to be launched in 2012.
It will consist of a feasibility study and pilot project for the new system to determine trade and custom needs and recommend new systems.