VCN – Each authorised economic operators (AEO) contributed an import-export turnover of nearly $ US1.6 billion on average. 

59 aeos contributed an import export turnover of us 94 billion

Chart. Thai Binh

This was remarkable information prepared by the General Department of Customs for the Prime Minister with Enterprise Conference in 2017 (on May 17, 2017)

According to the General Department of Customs, the implementation of AEOs regime was one of the important solutions to facilitate the business community.

The business community shall enjoy specific benefits (under the regulations of the Customs Law, Law on Import-Export Duty and guiding documents) as certified as AEOs such as: Free of inspection for relevant documents in the Customs dossiers, free of physical inspection during the implementation of Customs procedures except violations cases or inspection by accident to assess the law compliance.

Also, the AEOs are permitted to implement the Customs procedures through incomplete Customs clearances or other documents replacing the Customs clearances; and are given priority to implement the tax procedures in accordance with the law.

The Post Clearance Audit Department under the General Department, which hosted the AEO program, reported that the country’s total current AEOs are 59 enterprises. In 2016, the total import-export turnover of these enterprises reached $US 94 billion.

Thus, the total import-export turnover of AEOs accounted for 26.8% of the country’s total import-export turnover last year (the country’s total turnover reached $ US 350.74 billion).

Among of certified AEOs, there are 24 domestic enterprises, 13 Japanese invested enterprises, 9 Korean invested enterprises and some enterprises under the countries: US, Switzerland, Denmark, Hongkong, Taiwan, Italy, Singapore and joint enterprises.

By Thai Binh/ Huyen Trang

Source: http://customsnews.vn/