A. General Information
Electronic exchange of certificates of origin between Korea and Viet Nam
B. Lessons Learned
Considering the fact that Blockchain technology is the most suitable technology to establish automatic cross-border data exchange between Customs administrations, Korea and Vietnam dematerializing certificates required to provide preferential entry of originating goods. Korean customs orked with Vietnam Customs as well as with Korean exporters and Vietnamese importers. The application built as part of the pilot enabled certificates of origin issued in Korea to be shared in real time with Korean exporters, Vietnamese importers, and the Vietnamese Customs administration.In preparation for other types of data exchange in the future between the two countries, the KCS also successfully completed tests on the IT environment of the Vietnamese Customs administration, including the installation of a new server
The need to improve work processes, further facilitating trade, ensure reliable exchange of information.
Real time information sharing with traders at the time of issuing C/Os.
Guarantee authenticity of C/Os.
Exempt submission of C/O originals to Customs in the importing country.
Please also refer to the link: https://ecosys.gov.vn/Homepage/GuideDetailByAlias.aspx?CateAlias=huong-dan-khai-bao-CO
Electronic certificates of origin
The exchange of eCo is based on Blockchain Technology
Blockchain model of e-commerce
The Korean Customs service has set a vision to integrate data on cross-border trade and international logistics flows into one place, establishing a new clearance and logistics platform enabling all actors in the logistics chain, including manufacturers, exporters, transporters, government agencies, importers and consumers, to share reliable real-time information.