Ministry of Industry and Trade: Promote logistics solutions for import and export goods of Vietnam – EU
08:55 | 09/12 / 2020EmailPrint To make two-way trade exchange between Vietnam – EU more efficient, optimize the quality and implementation of logistics services for import and export goods of Vietnam – EU in the a new economy under the influence of the Covid-19 epidemic and towards the post-Covid-19 is one of the urgent solutions.
Prospects of goods circulation development
Recently, some logistics services for goods moving between Vietnam and the EU have become expensive and scarce, businesses also have to meet a number of new requirements and conditions due to administrative procedures. Import and export, the process of controlling international goods of the EU has changed… this has affected the export of goods to the EU in difficulty.
Speaking at the Vietnam – EU 2020 Logistics Trade Online Forum in Hanoi on the afternoon of December 8, Mr. Vu Ba Phu – Director of the Trade Promotion Agency (Ministry of Industry and Trade) cited, the EU is an important partner of Vietnam in the areas of trade cooperation. Vietnam – EU trade relations over the past time have developed rapidly and effectively. In the first 10 months of 2020, Vietnam’s exports to the EU, although down slightly by 3.8% over the same period in 2019, still reached a high level of 33.23 billion USD; while Vietnam’s imports from the EU increased by 3.1% over the same period last year, reaching $ 12.42 billion. Currently, the EU is one of the three largest export markets for Vietnam, next to the US and China.
Logistics Forum Vietnam – EU 2020
Mr. Vu Ba Phu emphasized that the EVFTA Agreement, which took effect from August 1, 2020, is creating a big boost for the development of Vietnam – EU trade. However, in the context of the Covid-19 pandemic, two-way trade between Vietnam and the EU is facing many challenges, including difficulties from some logistics activities not happening as usual.
In particular, on the side of the Ministry of Industry and Trade of Vietnam, the relevant authorities under the Ministry are continuing to review administrative procedures on import and export to promote export, facilitate and effectively support the import and export enterprises and logistics service enterprises. “In addition, encourage businesses to focus on investment in synchronous logistics infrastructure, increase the connectivity of means of transport, improve logistics service delivery capacity through the digitization of regulations. activities … “- Mr. Phu information.
Regarding the prospects of developing the circulation of Vietnam’s exports to the EU from EVFTA, Mr. Tran Thanh Hai – Deputy Director of the Import and Export Department (Ministry of Industry and Trade) – said that in the context of the economy affected by the epidemic Covid-19 disease, the implementation of the EVFTA Agreement has important implications to offset the economic downturn, providing opportunities to expand the market to more diversify the business, helping businesses regain momentum. Post-epidemic growth contributes to the resumption of international trade and global supply chains.
At the same time, in November, Vietnam signed a Regional Comprehensive Economic Partnership (RCEP) between ASEAN. If the CPTPP or EVFTA aims to open the market, reduce taxes to 0%, RCEP aims to be ASEAN’s central role, facilitating trade and connecting production to form a common production space. the major economies in the region. Therefore, RCEP will be an important link for enterprises to participate in the regional and global supply chains, contributing to the creation of a new trade structure in the region, promoting globalization towards liberalization. and trade facilitation as well as contributing to restructuring the regional supply chain after the end of the Covid-19 pandemic, economic recovery.
Therefore, according to Mr. Hai, the new generation of free trade agreements such as CPTPP, EVFTA and the upcoming RCEP will have a positive impact on the institutional reform, improving the competitiveness of goods and businesses. Industry and economy thanks to access to export markets with preferential tariffs, trade liberalization and facilitation, reducing input costs by technology transfer and import. Imports are cheaper under favorable conditions.
Efforts to develop logistics services
According to the World Bank’s Report on Logistics Performance Index (LPI), Vietnam is also ranked in the top ranks of emerging markets with the logistics industry having a high growth rate of 13-15%. The number of logistics service businesses is currently about 4,000, including warehousing, logistics, and transportation, … as a result of the reform efforts of the Government of Vietnam. in
Thu Trang – Hoang Lan