Việt Nam is currently among the top 10 countries with the highest e-commerce growth rate in the world with revenue reaching nearly VNĐ498.9 trillion (US$20.1 billion) in 2023.
Reforms of checks on imported products would help improve the business climate while reducing time and costs, which would give significant room for growth.
Tariffs on imported products including fruit and frozen foods from six CPTPP member countries will be reduced to zero backdated to January 14 this year to 2022.
Mollis organic towels of Phong Phu Corporation have received “very good response” in the market after being launched last year, a sign that premium products are becoming more popular in Viet Nam.
Improving the quality of domestically produced goods is critical for Viet Nam to compete with imported products and narrow the trade deficit with Thailand, according to the Ministry of Industry and Trade (MoIT).
The Prime Minister has issued Decision No 37/2017/QD-TTg on the abrogation of the list of 114 imported products and goods subjected to quality inspection.
The issuance of the list of imported products, which must follow
customs procedures at Vietnamese border gates, must be under established
laws while creating favourable conditions for businesses and trade.
After more than 10 years of enforcing trade remedies laws, the number of
trade investigations that Viet Nam initiated against imported products
were finally able to be counted on one hand, heard a conference
yesterday.