VCN – Regulations on the priority regime for businesses will be amended and supplemented to be consistent with the recommendations of the World Customs Organization (WCO).
|Officers at North Hanoi Customs Branch. Photo: N.L
Accordingly, the regulations will be detailed in the draft Decree amending and supplementing Decree 08/2015/ND-CP and Decree 59/2018/ND-CP dated January 21, 2015 of the Government stipulating measures enforcing the Law on Customs procedures, inspection and supervision.
According to the General Department of Vietnam Customs, Vietnam Customs is negotiating a Mutual Recognition Agreement (referred to as MRA) for authorized economic operator (AEO) in ASEAN and South Korea.
In order to sign the MRA, countries need to set the conditions for the recognition of AEO in line with the WCO’s recommendations in the SAFE Framework of Standards to Secure and Facilitate Global Trade (SAFE Framework) for similarity between the parties.
However, Vietnam’s current regulations on the conditions for applying the priority regime to enterprises still have many points that are not similar to the recommendations of the WCO.
Therefore, Article 10 of the draft Decree supplements detailed regulations on internal control conditions similar to the recommendations of the WCO in the SAFE Framework; including regulations guided in circulars and procedures of the General Department of Vietnam Customs to the draft Decree to ensure legality.
Article 10 stipulates the conditions for connecting and sharing the enterprise’s information system with the Customs authority and the payment conditions to create favorable conditions for enterprises.
Article 11 of the draft Decree amends and supplements in the direction of clarifying the procedures for recognition, which specifies the process and time for implementation, extension, and suspension of the application of the priority regime.
By Ngoc Linh/Ngoc Loan