Vietnam Customs seeks digitalization support from Intel, Microsoft

By Tri Duc
Fri, October 13, 2023 | 4:21 pm GMT+7

Vietnam Customs is looking to cooperate with tech giants Intel and Microsoft in its digitalization process, which aims to enhance application and processing of trade procedures.

The department had to process over 10 million customs declarations in 2022 as the country’s import-export turnover exceeded $700 billion, deputy director general Luu Manh Tuong said at a Thursday meeting with a Microsoft delegation led by worldwide public sector (WWPS) government industry leader Diana Parker.

Since digitalization and application of modern technology is the solution for better management of import-export activities, the customs department seeks to learn from foreign agencies in updating its procedures, Tuong said.

Parker made several suggestions related to building digital capacity, establishing digitalization centers and ensuring sustainable growth aided by technology and artificial intelligence. Microsoft will send experts to help Vietnam Customs with digitalization, she said.

Vietnam Customs officials (right) meet with a Microsoft delegation led by Diana Parker, its worldwide public sector (WWPS) government industry leader, in Hanoi, October 12, 2023. Photo courtesy of Vietnam Customs.

Vietnam Customs officials (right) meet with a Microsoft delegation led by Diana Parker, its worldwide public sector (WWPS) government industry leader, in Hanoi, October 12, 2023. Photo courtesy of Vietnam Customs.

In another meeting with Brian White, senior director, global customs and trade facilitation at Intel Corporation, director general Nguyen Van Can of Vietnam Customs said they were upgrading their system to boost trade facilitation.

He urged Intel to cooperate with the department in data sharing between businesses and customs agencies in all phases including material imports, production, payment and export of goods. The focus would be on the assessment of digital documents and information security for businesses, Can added.

He lauded existing cooperation between Intel and the customs department in building data sharing software and digitalization of the customs sector.

White said Intel was willing to collaborate with the department in data sharing. He also appreciated the customs department’s assistance for Intel’s import-export activities in Vietnam.

Brian White (left), senior director, global customs and trade facilitation with Intel Corporation, meets with Nguyen Van Can, director general of Vietnam Customs, in Hanoi, October 11, 2023. Photo courtesy of Vietnam Customs.

Brian White (left), senior director, global customs and trade facilitation with Intel Corporation, meets with Nguyen Van Can, director general of Vietnam Customs, in Hanoi, October 11, 2023. Photo courtesy of Vietnam Customs.

Vietnam’s import-export turnover fell 11% year-on-year to $497.66 billion in the nine-month period, according to the General Statistics Office. With a trade surplus of $37.94 billion and an export-import of turnover of $343.68 billion, the FDI sector accounted for 69.1% of the national total.

China, the U.S. and South Korea were Vietnam’s biggest trade partners with turnovers of $121.3 billion, $81.1 billion and $56.3 billion in the first nine months, respectively. Other top trade partners were the ASEAN bloc with $55.3 billion, the EU with $44 billion, and Japan with $33.3 billion.

Comments (0)
  • Read More
Vinh Phuc province officials disciplined for investment project violations

Vinh Phuc province officials disciplined for investment project violations

Dozens of officials in Vinh Phuc province have faced disciplinary actions by the Central Inspection Committee for violations related to investment projects.

Politics - Wed, April 24, 2024 | 8:19 pm GMT+7

Former chairmen of An Giang, Soc Trang provinces face disciplinary action

Former chairmen of An Giang, Soc Trang provinces face disciplinary action

Former chairman of An Giang province Vuong Binh Thanh received a warning from the Central Inspection Committee for his violations, while former chairman of Soc Trang province Tran Van Chuyen was reprimanded.

Politics - Wed, April 24, 2024 | 7:05 pm GMT+7

Mitsubishi taps Vietnam market with $1.8 mln investment in food importer Homefarm

Mitsubishi taps Vietnam market with $1.8 mln investment in food importer Homefarm

Mitsubishi Shokunin, the food arm of Japanese keiretsu Mitsubishi, has invested VND45 billion ($1.8 million) in Homefarm, a Vietnamese food import start-up, the firm said.

Companies - Wed, April 24, 2024 | 4:45 pm GMT+7

No Vinhomes funding for VinFast: CEO

No Vinhomes funding for VinFast: CEO

Vinhomes CEO Nguyen Thu Hang says the residential property development arm of Vietnam’s private conglomerate Vingroup has not provided financing for other companies in the group’s ecosystem, including EV-maker VinFast.

Companies - Wed, April 24, 2024 | 4:37 pm GMT+7

Japan's Vsun Solar begins commercial operations of 4GW silicon wafer plant in Vietnam

Japan's Vsun Solar begins commercial operations of 4GW silicon wafer plant in Vietnam

Tokyo-headquartered Vsun Solar has commenced commercial production at its 4-gigawatt silicon wafer plant in Vietnam.

Industries - Wed, April 24, 2024 | 3:39 pm GMT+7

Thailand’s Super Energy told to complete paperwork first, construct wind power project later

Thailand’s Super Energy told to complete paperwork first, construct wind power project later

Super Wind Energy Congly Bac Lieu JSC, under Thailand’s renewable energy developer Super Energy, is looking to restart its 141-MW Bac Lieu wind power plant phase III in Vietnam’s Mekong Delta province of Bac Lieu.

Energy - Wed, April 24, 2024 | 3:32 pm GMT+7

Standard Chartered revises down Vietnam GDP growth forecast to 6%

Standard Chartered revises down Vietnam GDP growth forecast to 6%

Standard Chartered Bank has lowered Vietnam's 2024 GDP growth forecast to 6% from 6.7% in January due to lower-than-expected Q1 growth and global trade headwinds.

Economy - Wed, April 24, 2024 | 3:03 pm GMT+7

TPBank targets after-tax profit of $295 mln in 2024

TPBank targets after-tax profit of $295 mln in 2024

Private Vietnamese lender TPBank targets to earn VND7.5 trillion ($294.75 million) in after-tax profit this year, according to CEO Nguyen Hung.

Banking - Wed, April 24, 2024 | 1:09 pm GMT+7

Sumitomo Mitsui-invested VPBank plans to merge with ailing lender

Sumitomo Mitsui-invested VPBank plans to merge with ailing lender

Hanoi-based VPBank, the biggest private lender by charter capital in Vietnam, will ask for shareholders’ approval to proceed with a plan to acquire a weak bank following a request by the State Bank of Vietnam (SBV).

Banking - Wed, April 24, 2024 | 11:18 am GMT+7

Man arrested after 7 workers die in cement crusher accident

Man arrested after 7 workers die in cement crusher accident

Tran Manh Hung, 44, has been accused of violating labor safety regulations in an accident that killed seven people and injured three others at a Yen Bai province-based cement factory in northern Vietnam.

Society - Wed, April 24, 2024 | 10:12 am GMT+7

Jewelry mogul Doji expands investment portfolio beyond gold

Jewelry mogul Doji expands investment portfolio beyond gold

Doji Gold & Gems Group JSC, Vietnam’s leading jewelry maker, has expanded its investment portfolio, ranging from its pillar arm of gold and silver to finance, banking, and real estate.

Companies - Wed, April 24, 2024 | 9:42 am GMT+7

Increased US imports propels Vietnam wood industry growth

Increased US imports propels Vietnam wood industry growth

Export of wood and wood products reached $3.5 billion in the first three months of 2024, dominated by the U.S. with $1.9 billion, up more than 36.4% year-on-year.

Economy - Wed, April 24, 2024 | 8:09 am GMT+7

Vincom Retail to retain name, new shareholders to boost company growth: AGM

Vincom Retail to retain name, new shareholders to boost company growth: AGM

Vincom Retail leaders said Tuesday that the company does not intend to change its name for now and that it will benefit from the extensive operating experience of new shareholders.

Companies - Tue, April 23, 2024 | 10:40 pm GMT+7

Vinh Phuc province vice chairman arrested for accepting Phuc Son Group bribes

Vinh Phuc province vice chairman arrested for accepting Phuc Son Group bribes

Nguyen Van Khuoc, vice chairman of the Vinh Phuc People’s Committee and chairman of the province’s land price appraisal council, has been arrested for accepting bribes in the Phuc Son Group scam.

Politics - Tue, April 23, 2024 | 9:04 pm GMT+7

Vietnam tech giant FPT to invest $200 mln in AI factory, utilizing Nvidia technology

Vietnam tech giant FPT to invest $200 mln in AI factory, utilizing Nvidia technology

Vietnam’s leading tech firm FPT Corp. will invest $200 million in building an artificial intelligence (AI) factory, utilizing technology provided by U.S. chip and AI giant Nvidia.

Industries - Tue, April 23, 2024 | 5:50 pm GMT+7

VAFIE to maintain core strength focus – offer policy advice, facilitate economic ties

VAFIE to maintain core strength focus – offer policy advice, facilitate economic ties

The Vietnam's Association of Foreign Invested Enterprises (VAFIE) will continue participating in policy and law building activities and facilitating multilateral economic relations, its executive committee said at a review meeting Tuesday.

Economy - Tue, April 23, 2024 | 5:36 pm GMT+7