Vietnam National Trade Repository officially launched

The Ministry of Industry and Trade (MoIT) and the British Embassy launched the Vietnam National Trade Repository (VNTR) at a ceremony held in Hanoi on March 30.

The Vietnam National Trade Repository is launched on March 30. (Photo: VNA)

 

Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) and the British Embassy launched the Vietnam National Trade Repository (VNTR) at a ceremony held in Hanoi on March 30.

 

According to the ASEAN Trade in Goods Agreement (ATIGA), each member country will build its own national trade repository which will be connected with the ASEAN Trade Repository (https://atr.asean.org/) so as to ensure policy transparency, facilitate regional trade, and support businesses.

 

The VNTR, at https://vntr.moit.gov.vn, was developed by the MoIT with support from the British Government.

 

The portal provides updated trade information in both Vietnamese and English, including the schedules of tariff commitments in the free trade agreements (FTAs) that Vietnam has joined within the ASEAN framework, non-tariff measures, legal documents on trade, and customs clearance rules and procedures. 

 

It also introduces the best trade facilitation practices applied by ASEAN members, along with the lists of businesses given priority in handling tax, export, import, and customs clearance procedures in the member countries of the ATIGA and the FTAs between ASEAN and partner countries.

 

MoIT Deputy Minister Do Thang Hai said the VNTR aims to realise Vietnam’s commitment to enhance policy transparency, facilitate regional trade, and boost businesses’ access to regional countries’ trade policies. It also serves as a search tool for State agencies to grasp the country’s commitments in ASEAN and the FTAs between the bloc and partners, thereby assisting with policy making.

 

Amanda Milling, Minister of State for Asia and the Middle East at the British Foreign, Commonwealth and Development Office, noted the VNTR will help improve the Vietnamese economy’s diversity and comprehensiveness by supporting micro-, small-, and medium-sized enterprises, including women-led companies, to benefit from transboundary trade, which will create an impulse for trade and investment in Vietnam./.

 

Source: vietnamplus.vn by Đức Duy


Related News

CMA CGM negotiates deal for 10 methanol ULCV newbuilds
CMA CGM negotiates deal for 10 methanol ULCV newbuilds

1356 Views

French carrier CMA CGM is in “serious discussions” with Yangzijiang Shipbuilding to build up to ten methanol-fuelled 24,000 teu containerships, The Loadstar has learned.

WAREHOUSE SHORTAGES WILL STAY WITH US UNTIL 2023 AS INVENTORY GROWS
WAREHOUSE SHORTAGES WILL STAY WITH US UNTIL 2023 AS INVENTORY GROWS

2349 Views

US inventory levels are set to rise more than previously anticipated, driven by shippers’ change in supply chain strategy.

As ocean rates fall, Maersk awaits a modal shift from air to sea
As ocean rates fall, Maersk awaits a modal shift from air to sea

1488 Views

In an update to customers, it said air freight volumes remained low, adding: “High inflation rates across Europe are continuing to impact disposable income and how much consumers are spending.


Comment
  • Your review
main.add_cart_success