The General Department of Vietnam Customs has targeted reducing customs clearance time for exports and imports to 10 days and 12 days, respectively this year.

By 2020, the sector aims to cut customs clearance time for exports and imports to below 36 hours and 41 hours.

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The rate of imports subject to specialised inspections will be cut to 15 percent later this year.

Each year, the cost of administrative procedures will be cut by at least 10 percent.

According to the department, the National Single Window system will be made available for all ministries and sectors between 2016 and 2020.

All procedures will be conducted online and connected with the ASEAN Single Window to facilitate the trade of Vietnamese goods.

Additionally, the Vietnam Automated Cargo and Port Consolidated System/Vietnam Customs Information System will also be connected with the ASEAN information technology system.

The sector has partnered with Japan, the Republic of Korea, the US and the Eurasian Economic Union of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan to exchange information.

Source: VNA