Ministry urges VCCI to speed up registration of REX Code to facilitate exports

Apr 10th at 10:44
10-04-2020 10:44:19+07:00

Ministry urges VCCI to speed up registration of REX Code to facilitate exports

The Ministry of Industry and Trade has urged the Viet Nam Chamber of Commerce and Industry to speed up the registration of REX codes for producers to facilitate exports to the European Union (EU).

 

REX, or registered exporter system, is a system of certification of origin of goods based on self-certification.

The VCCI is in charge of receiving exporters’ application for registration of REX Code and carrying out the registration.

According to the ministry, the process of registering the codes has been slow.

The ministry cited figures on the EU’s REX Authorisation system that the VCCI had registered a REX Code for 429 producers or just 10.7 per cent of the total 4,000 exporters who were applying for C/O form A.

Some enterprises said they had sent documents to the VCCI for certification for a REX Code but had not received a response from the VCCI, according to the ministry.

The ministry asked the VCCI to speed up the registration of REX Codes for firms to facilitate exports to the EU, Norway and Switzerland, together with providing instructions for firms on how to complete documents for registration.

The REX system means producers would not need to apply for C/O form A each time they export goods to the EU.

Instead, they could self-certify the origins of the goods for orders with a value of below 6,000 euros and for orders worth above 6,000 euros, they would need to register REX Code at the VCCI for self-certification of goods origin.

bizhub



NEWS SAME CATEGORY

Volume of cargo in Q1 grows, passengers drop

The volume of cargo passing through Vietnamese ports in the first quarter this year reached more than 159 million tonnes, up 8.4 per cent over the same period last...

Wood processing firms hit hard by COVID-19 crisis

Vietnamese wood processing firms have reduced production or suspended operations as most of the major importing countries for their products face hardships because...

Vietnam gov't lowers FIT for solar power projects

The new feed-in-tariffs will be valid for 20 years.

PetroVietnam workers put in maximum effort to overcome oil price fall and COVID-19

PetroVietnam employees are giving their best to overcome the double impacts brought about by the biggest decrease in oil prices in the last 17 years and the global...

Garment 10 to produce medical face masks, first export order worth US$52m

 Garment 10 Corporation Joint Stock Company was investing in producing medical face masks as well as cloth masks with ten production lines being installed, the...

Solutions should prioritise maintaining industrial production

The Ministry of Industry and Trade said that the most important priority at present was to maintain the operation of domestic industrial enterprises during the...

VASEP requests support for seafood exporters

The Viet Nam Association of Seafood Exporters and Producers (VASEP) on Tuesday asked the Ministry of Finance to offer support to its members amid the coronavirus...

Vietnam stands to win as “China+1” gains traction

Changes in the global supply chain are taking place due to the virus outbreak, prompting a mounting number of foreign manufacturers to speed up their relocation...

Vietnam promotes medical supply exports to support international fight against COVID-19

Prime Minister Nguyen Xuan Phuc urged the Ministry of Industry and Trade to increase support and push up the export of several medical supplies, including...

Petrol and oil giants lost billions of dollars on plunging oil

The revenues of PetroVietnam and Petrolimex slumped by VND141 trillion ($6.13 billion) and VND12 trillion ($521.74 million) this year due to the dropping oil price...


MOST READ


Back To Top