Customs clearance time for businesses to be reduced by 15-30%

The Vietnam Customs forecasted that the Vietnam National Single Window (VNSW) will reduce customs clearance time for businesses by 15-30%.

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The draft plan to implement the VNSW in the 2016-2020 has been completed, which is expected to reduce time and expenditures for businesses and increase transparency and effectiveness for the public and private sectors.

As of May 31, 2016, the VNSW officially connects nine out of 14 ministries, including the Ministries of Finance, Industry and Trade, Transport, Science and Technology, Agriculture and Rural Development, Natural Resources and Environment, Information and Communications, Culture, Sports and Tourism and Health with 31 procedures, 90,000 files and 6,000 businesses.

In 2015, nine different ministries got involved in the national one-stop shop portal. Except for the Ministry of Finance, 26 administrative procedures of the remaining ministries were handled through the mechanism.

The NSW is designed to reduce customs clearance time for businesses by 15-30% and increase their connectivity and information exchanges with State-run management agencies.

Vietnam has conducted successful technical connection with Indonesia, Malaysia, Thailand and Singapore through ASEAN Single Window.