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President Office announced the Revised Law on Customs

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10 July, the Vietnam President Office has announced the revised Law on Custom. The Law on Customs including 8 Chapters , 104 Articles regulations state management of customs on goods exported, export, transit, transport of organizations and individuals domestic and foreign, the organization and operation of the customs authorities.

The Revised Law on Custom renewed Customss operations through the application of modern Customs management in accordance with international, ensuring political security, national security; attract foreign investment and improve the competitiveness of domestic and international businesses, promote economic growth.

The most new feature is the applicable risk management in Customs operations. Accordingly, the Customs authorities will apply risk management to decide the inspection, supervision for goods, support prevention and combating smuggling and illegal transportation of goods across the border.