(Photo: World Bank)

The website, developed by the General Department of Vietnam Customs with technical assistance from the World Bank Group in Vietnam, aims to provide official legal documents and procedures related to exports, imports and goods in transit. It is expected to improve the predictability and transparency of the country’s trade laws and processes, thus facilitating the access to Vietnam’s trade regulations for foreign and domestic investors, particularly small and medium-sized enterprises. Speaking at the launching event on Wednesday, Finance Minister Dinh Tien Dung expressed his hope that enterprises and stakeholders will find necessary and useful information on trading activities on the Vietnam trade information portal. Acting Director of the World Bank in Vietnam, Sebastian Eckardt, said that the trade portal is an important effort of the Government to facilitate trade, adding that the World Bank will continue provide support for such efforts. Vietnam is ranked 82 among 190 economies in the Ease of Doing Business, up 9 notches, according to the World Bank’s Doing Business 2017.