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More Opportunities For Vietnamese Exporters To The US

Huge customer demand makes the US a promising market for Vietnam. Domestic businesses must therefore enhance their capacity to exploit the market to best advantage. According to HIS Global Insight, a world-leading economic forecasting company, the US’s import demand will increase slightly from US$2,312 billion in 2012 to US$2,334 billion in 2013. Alibaba.com—a business-to-business (B2B) trading floor—says that despite a recent slump, the US still tops the list of orders for products from Vietnam, accounting for 10 percent of the country’s total export earnings compared to 12 percent in 2011. The General Department of Vietnam Customs claims that during the...

Flash autos roll in due to loop hole in Vietnam

An import incentive policy is being used to bring new expensive cars into Vietnam. Pursuant to Clause 3 in Ministry of Finance (MoF)’s Circular 118/2009/TT-BTC, overseas Vietnamese (Viet Kieu) repatriates are liable to bring one personal car into Vietnam for use. In reality after the import of fewer than nine seat brand-new cars into Vietnam was restricted following enforcement of Ministry of Industry and Trade’s Circular 20/2011/TT-BCT to reduce import of luxurious items into the country, traders have used this Viet Kieu import incentive loop hole. Circular 20, effective from June 26, 2011, stipulates additional procedures for imported cars from nine...

Vietnam Food Exporters Must Have Contact In U.S.

Besides the required registration with the U.S. Food and Drug Administration (FDA) again, local foodstuff exporters targeting the U.S. market are also required to maintain contact stateside on a 24/7 basis Besides the required registration with the U.S. Food and Drug Administration (FDA) again, local foodstuff exporters targeting the U.S. market are also required to maintain contact stateside on a 24/7 basis to be allowed to export products to the foreign nation from early next year, an official said. Do Tuan Phong, director of the Vietnam Trade Office branch in Houston, told the Daily the aforesaid information on...

New law cannot reduce Hanoi’s rural-urban migration

The Capital Bill, which seeks to impose greater restrictions on the migration of rural people to Hanoi, is not likely to staunch the inflow and is likely to cause more difficulties for migrants, Nguyen Quang, manager of the United Nations Human Settlements Program (UN-HABITAT) in Vietnam, tells Vietweek.Vietweek: What is your opinion about the draft […]

Importers, exporters in Vietnam require certification

The Hanoitimes – The Ministry of Industry and Trade issued Circular No 28/2012/TT-BCT o­n September 27, detailing registration of import and export rights of foreign business entities without a presence in Vietnam, referred to in the circular as traders. Under the Circular, traders which want to conduct import or export operations in Vietnam must be granted a certificate of registration from the Ministry of Industry and Trade. Upon being certificated, traders are entitled to import and export items not o­n the official list of goods banned from import or export, or o­n the official list of goods temporarily suspended from...

Regulations on plant and pesticides imports in Vietnam

VGP – Merchants importing seeds which are named in the lists accepted for production and business activities in Viet Nam will not have to apply for permission, according to Article 14 of Circular 88/2011/TT-BNNPTNT, dated on December 28, 2011. Question (An overseas Vietnamese working in Isreal): I want to import some seeds and pesticites into Viet Nam for high-tech agricultural production. What are the procedures? Answer : According to Article 14 of Circular 88/2011/TT-BNNPTNT issued on December 28, 2011 by the Ministry of Agriculture and Rural Development, merchants must apply for permission from the Viet Nam Administration of Forestry and the Cultivation Department in...

New Decree Looks To Protect Whistleblowers In Vietnam

The Government issued Decree No 76/2012/ND-CP on October 3, detailing a number of articles of Law on Complaints and Denunciations. The decree applies to Vietnamese citizens and foreign individuals in Viet Nam; agencies, organizations and individuals the acts of which are denounced; agencies, organizations and individuals that have jurisdiction over denunciations; and agencies, organizations and […]

Vietnam’s Auto Sector Set To Turn The Corner

The auto industry is pressing down the accelerator to speed up sales for the remainder of the year. It follows news of retail sales volumes of Vietnam Automobile Manufacturers Association (VAMA) members and imported-CBU volumes of non-VAMA members in September hitting 7,669 units, up 9 per cent versus August. Of which, car sales were up 15 per cent versus the previous month and truck sales up by 20 per cent. “The auto industry in the fourth quarter is definitely moving faster than previous quarters,” said VAMA chair Laurent Charpentier. Charpentier, also managing director of Ford Vietnam, in VAMA’s latest report added...

Vietnam Project’S Bad Fashion Statement

The runaway foreign investors of Lifepro Vietnam’s Luxfashion textile and garment complex, leaving $150 million in debts behind, have underscored the ugly side of foreign-invested projects that go wrong. The $300 million European clothing complex, located in northern Ninh Binh province’s Gian Khau Industrial Park, has been totally locked down since early September, just six months after official becoming operational. In late August, the local authorities were reported by a Vietnamese representative of Lifepro Vietnam that all foreign managerial staff of Luxfashion complex...

VTV prepares for Premier League TV right

VietNamNet Bridge – On October 8, the Vietnam Television (VTV) sent a dispatch to the Ministry of Information and Communications, VTC and some paid-TV service providers on the purchase of the British Premier League TV right in the next three seasons (2013-2016). VTV said the policy of the Ministry of Information and Communications in appointing a representative to negotiate the Premier League broadcasting right then sharing it to other broadcasters is reasonable because it will help save money for local broadcasters. According to VTV, the paid-TV service providers outside VTV’s system who want to have the Premier League...