Enterprises save over $200 million for electronic customs procedure application

22-Jan-2021 Intellasia | SGGP News | 6:02 AM Print This Post

Director general of the Vietnam Customs Nguyen Van Can yesterday said that enterprises have saved over $200 million thanks to application of electronic customs procedures.

He added that the application of electronic system has helped to reduce the time for customs clearance of a batch of goods from 3-6 hours. For instance, customs clearance time in Vietnam in 2020 dropped from 58 hours to 55 hours for exported commodities while it fell from 62 hours to 56 hours for imported goods; therefore, cost of direct clearance in the border gate went down by $19 per batch of goods.

Accordingly, businesses have saved more than $200 million for customs clearance and the sector didn’t need to keep commodities in its warehouses, said Can.

Upon customs declaration, 96.56 percent customs declarants carried out in electronic system.

https://sggpnews.org.vn/business/enterprises-save-over-200 million-for-electronic-customs-procedure-application-90326.html

 

Category: Business, Vietnam

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