US helps Vietnam simplify customs services

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The United States Trade and Development Agency will give US$718,600 to a one-door customs project in Vietnam to reduce customs clearance time and expand the country's trade and transit market, it said Wednesday.

"This pilot project will help to increase revenue, enforce trade compliance regulations and reduce the cost of cargo movement into Vietnam, an increasingly important partner for the United States in Southeast Asia," US ambassador Michael W. Michalak said when he signed the grant in Hanoi.

He said the money "demonstrates once again, the US's commitment to working with Vietnam to promote economic growth and more broadly, the regional integration of ASEAN."

The money will fund a study that will identify the system requirements, evaluate standardized customs documents and data, recommend institutional changes and data models, and outline the implementation plan for project deployment, the US Trade and Development Agency said in a press release.

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