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After approval by the Council of Ministers, major trade programs were announced at national party congresses. The trade program announced in 1986 at the Sixth National Party Congress called for export growth of 70 percent during the Fourth Five-Year Plan. [1] Closer linkages between trade and general economic planning in the 1980s had mixed ...
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%.
The trade facilitation objectives were introduced in the international agenda basically because of four main factors. [6]1) The successful implementation of the trade liberalization policy within the WTO frameworks caused the significant reduction of tariff and non-tariff barriers, that is common for developed countries (the average rate of customs duty from 4,5% to 6,5%, the share of duty ...
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The Single Window (SW) is widely recognised as a key enabler of trade facilitation and has received global endorsement through international frameworks, conventions, and agreements. Its adoption is seen as a benchmark for modernising customs and trade procedures, improving transparency, and promoting seamless cross-border trade.
Mercantile Exchange of Vietnam (MXV) is the only national centralized commodity trading market organizer in Vietnam, licensed by the Vietnam Ministry of Industry & Trade. [ 1 ] MXV is located in Hanoi , Vietnam , and was launched in December 2006.
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