Home breadcru News breadcru Announcement breadcru UK govt hands over Vietnam National Trade Repository to Hanoi

UK govt hands over Vietnam National Trade Repository to Hanoi

15 Jul '22
1 min read
Pic: UK in Viet Nam/Twitter
Pic: UK in Viet Nam/Twitter

The United Kingdom recently handed over to Vietnam the Vietnam National Trade Repository (VNTR), which offers free information in both English and Vietnamese on tariff commitments in free trade agreements (FTAs) within the Association of Southeast Asian Nations (ASEAN), most favoured nation (MFN) tariff, rules of product origin and non-tariff measures, along with trade documents.

Launched in 2020 under a letter of intention signed by the Vietnamese ministry of industry and trade (MoIT) and the British department of international trade, the project had the British side providing technical assistance to Vietnam.

It demonstrates Vietnam’s resolve to enhance trade commitment and policy transparency to help enterprises build business strategies and improve competitiveness and capacity for joining global production and supply chains, MoIT minister Nguyen Hong Dien was quoted as saying by a news agency.

It 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 ASEAN Trade in Goods Agreement (ATIGA) and the FTAs between ASEAN and partner countries.

ALCHEMPro News Desk (DS)

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