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Tag Archive for ‘Import’

Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise. Moving forward with tax reforms is important for Vietnam to ensure sustainable growth and macroeconomic stability.Vietnam’s tax-to-GDP ratio has fallen over recent years, from 23.5% of GDP in 2010 to 19.1% of GDP in 2015. This is mainly because of […]

Flycam drone users in Vietnam must be licensed

Camera-equipped drones, known as flycams, have become increasingly popular in Vietnam, especially among photographers and filmmakers, but few people know they need permission from the Ministry of Defense (MoD) to fly the devices. flycam drone users must be licensed hinh 0 VNA quoted the Thanh Nien (Young People) newspaper as reporting that sales of flycam […]

Modern bond project launched to facilitate customs clearance in Vietnam

A project on customs bond was launched by the Global Alliance for Trade Facilitation (GATF) and the Vietnam Private Sector Forum (VPSF) on September 1, aimed at facilitating customs clearance in Vietnam. This is the start of the GATF Technical Assistance Project with the Government of Vietnam to provide a viable solution for the country […]

Vietnam gov’t cuts inspections on some imports

Prime Minister Nguyen Xuan Phuc has issued a decision repealing a list of 114 products and goods subject to pre-import quality inspection, cutting inspections on these products from two times to one. The list was issued by then-PM Nguyen Tan Dung on March 7, 2006. The repeal will take effect from October 5, 2017, aiming […]

Large-scale investments promise FDI breakthrough in Vietnam

Many large-scale investment projects and cooperation agreements have been signed for the near future, promising a breakthrough in foreign direct investment (FDI) attraction in Vietnam. Just in the last 10 days, numerous investment cooperation agreements have been signed within the framework of Party General Secretary Nguyen Phu Trong’s visit to Indonesia and Myanmar and Prime […]

Vietnam spends billions of USD on pharmaceutical products import

Vietnam has spent billions of US dollars on the import of pharmaceutical products every year, according to the statistics from the General Department of Vietnam Customs. By August 15, imports of pharmaceutical products have hit US$1.712 billion, up 5.8% against the same period last year. Most of the products were imported from France, India, the […]

Vietnamese exporters urged to follow rules

Vietnam should strictly follow and continuously update its policies and regulations when exporting products to the United States, which is considered a difficult market with rigorous requirements. This issue was discussed by delegates at a forum on Food Security titled “Market Development for Vietnamese Goods”, co-hosted by the American Chamber of Commerce in Vietnam (AmCham […]

Vietnam permitted to export dragon fruit to Australia

Australia last week announced that it would permit the import of Vietnamese dragon fruit, making Việt Nam the first country to get licence to export fresh dragon fruit there. Dragon fruit is one of Việt Nam’s key export fruits, and saw export sales worth US$895.7 million in 2016, accounting for 50.3 per cent of the […]

Vietnam finance ministry drafts auto part tax cuts

The Ministry of Finance plans to cut import taxes on auto parts, in line with the World Trade Organisation (WTO)’s rules. finance ministry drafts auto part tax cuts hinh 0 Its WTO commitments require Vietnam to maintain a tax level on import auto components between zero percent and 30 percent. Officials say the tax changes […]

Foreign investment on the rise in Vietnam

The foreign investment is looking up, as the total capital pledged for investment in the country until August 20 was nearly equal to that for the entire 2016. The reports from the Foreign Investment Agency showed that foreign investors had registered to invest US$23.36 billion into Việt Nam in the January-August 20 period, up 45.1 […]