06:51 (GMT +7) - Friday 23/10/2020

Business

MoIT launches electronic granting of C/O Form D

Released at: 09:37, 30/12/2019

MoIT launches electronic granting of C/O Form D

Photo: MoIT

Applications for certificates of origin for exports to ASEAN now fully conducted online.

by Phi Linh

The Ministry of Industry and Trade (MoIT) held a ceremony on December 27 to mark the beginning of granting an electronic Certificate of Origin (C/O) Form D (for exports to ASEAN countries), attended by Prime Minister Nguyen Xuan Phuc, MoIT leaders, and representatives from other ministries, committees, industries, associations, and enterprises.

The ceremony took place within the framework of a conference reviewing the industry and trade sector in 2019 and discussing its mission in 2020, chaired by the Prime Minister and ministry leaders.

Figures from the ministry show that the number of preferential C/O in the past five years increased by about 20-25 per cent each year, from 323,000 in 2013 to 900,000 in 2019. Of which, the number of C/O Form D increased from 66,000 in 2013 to about 180,000 in 2019. Such figures confirm that C/O play an increasingly important role as Vietnam integrates deeply into the global economy and is why they have been given greater focus by the ministry.

Minister of Industry and Trade Tran Tuan Anh signed Decision No. 3624 / QD-BCT on December 9 regarding the promulgation of a complete electronic C/O Form D process. The Decision officially takes effect on January 1.

Businesses can submit all documents in an application for a C/O via the internet. Issuers will approve the issuance of a C/O and send data through the General Department of Customs to ASEAN countries, without issuing a printed C/O. As such, this is a Level 4 online administrative procedure.

Minister Tuan Anh emphasized that with the issuance of electronic C/O Form D, businesses can save many working days by not having to spend time sending documents to C/O issuers and then waiting for the issuance of C/O.

Secondly, the issuance of electronic C/O Form D creates a new style of working, without direct contact between businesses and public service providers. Businesses with large volumes of records and those located far from central areas will benefit the most with significantly reduced time, effort, and cost needed.

Thirdly, the implementation of electronic C/O Form D is a major innovation in administrative reform with the application of information technology in State management agencies benefitting enterprises as well as State management. Workload and paper records to be kept by C/O issuers will also be significantly reduced. As a result, C/O issuers can increase the quality of public service and lower the time needed to process other preferential C/O applications.

“We are committed to expanding and developing more Level 4 online public services and be a pioneer in administrative reform,” Minister Tuan Anh said.

User comment (0)

Send comment