1 July 2017, 15:17 GMT
WASHINGTON (Sputnik) — Vietnam has opened a portal where importers and exporters can get information on a maze of overlapping trade laws and regulations, the World Bank announced in a press release on Wednesday.
"The portal is an essential piece of a larger, on-going effort by the government to enhance trade facilitation and the World Bank stands ready to continue to provide support to these important efforts," acting World Bank Country Director for Vietnam Sebastian Eckardt stated in the release.
The portal is expected to help improve the predictability and transparency of Vietnam’s trading laws and processes, giving foreign and domestic investors quick access to the country’s trade rules, the release explained.
Other features of the portal include an overview of Vietnam’s economy, business startup processes and customs terminology, as well as export processing zones and international trade agreements to which Vietnam is a party, the release added.
