Finance sector gets ready for international economic integration
International economic integration plays a crucial role in accelerating economic development and enhancing the political position of Vietnam in the world. The finance sector’s integration and cooperation activities have actively contributed to promoting international economic integration and national economic reform through boosting international trade as well as regional and sectoral restructuring. In 2015, along with further scrutinizing, revising and issuing tariffs for implementing the free trade agreements (FTAs) currently in force, the finance sector took the initiative in devising plans for negotiation and conclusion of several FTAs, including the TPP agreement, the EU-Vietnam bilateral FTA, the Vietnam-RoK FTA and the Vietnam-Eurasian Economic Union FTA.
Policy digest November 2015
Under the Law on Charges and Fees passed by the National Assembly on November 25 and scheduled to be effective as from January 1, 2017, 17 public service charges, including irrigation charge, road use toll, port and station charges, vehicle inspection charge, securities operation charge, etc., which the State does not need to strictly manage will be shift to the state-regulated pricing mechanism.