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In the 1980s, the Vietnamese government, acting under Communist Party supervision, continued to regulate and control all foreign trade. The Ministry of Foreign Trade managed trade and was responsible for issuing of import and export licences and approving any departures from the formal economic plan on an ad hoc basis. There was considerable ...
The former Ministry of Trade has its origins in 1945 with the formation of the modern National Unification Cabinet, and became a ministry in its own right in 1955. [1] The Ministry of Trade merged with the Ministry of Industry in 2007 to form the Ministry of Industry and trade. The current Minister of Industry and Trade is Nguyễn Hồng Diên.
The Ministry manages the work of national accounting, state borrowing, the activities of stock markets, and the Department of Customs. [1] The Ministry's main offices are located in Hanoi . The Ministry of Finance directly owns and controls some state companies, such as Bao Viet Insurance, of which it owns 71%.
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The single-window system or single-window concept [1] is a trade facilitation concept which allows an international (cross-border) trader to submit information to a single agency, rather than having to deal with multiple agencies in multiple locations to obtain the necessary papers, permits, and clearances to complete their import or export processes.
Below is a list of all the bilateral trade agreements Vietnam is currently participating in, organized by the partnering country. Chile: Vietnam-Chile Free Trade Agreement, signed 12 November, 2011; came into effect on 4 February, 2014. [1] Cuba: Vietnam–Cuba Free Trade Agreement, signed 9 November 2018; came into effect on 1 April, 2020. [2]
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The United Kingdom–Vietnam Free Trade Agreement (UKVFTA) is a free trade agreement between the United Kingdom and Vietnam.It was signed prior to the withdrawal of the United Kingdom of the European Union as a Continuity trade agreement in order to protect trade and investment between the two parties as the UK would no longer be a party of the European Union–Vietnam Free Trade Agreement.