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Tag Archive for ‘Tariff’

Vietnamese food exporters removed from US list as new regulations take effect

More than 1,000 Vietnamese companies have been removed from the list of companies allowed to export products to the US for failing to extend their registration. Many of them were apparently not aware of or understand new, strict regulations from the US. “We have been exporting rice to the US for three years. But we […]

Superior quality rice yields hope for Vietnamese farmers

Experts at a recent conference in Ho Chi Minh City urged Vietnam agriculture to move away from high-yield to superior quality rice varieties to best compete with other rice exporters in the Asian region such as India and Thailand. The European Union will offer the Vietnamese rice segment import duty-free tariff rate on increased quotas […]

New regulations on import and export in Vietnam

The Ministry of Finance has held a meeting to introduce changes in the list of Việt Nam’s export and import goods as per Circular No 65/2017 / TT-BTC. The new circular will take effect from January 1 next year. At the meeting on Friday, Đào Thu Hương, Deputy General Director of the General Department of […]

Vietnam to see cut throat competition in petroleum market

Formerly a country that exported crude oil at low prices, Vietnam now produces petroleum products which can satisfy half of domestic demand. Vietnam’s oil refining industry is built based on two huge projects capitalized at multi-billion dollars – Dung Quat Oil Refinery and Nghi Son Petrochemical & Oil Refinery Complex. In 2009, the $3 billion […]

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 […]

Raising Vietnamese export brands

Accelerating exports to the markets that Vietnam has signed free trade agreements (FTAs) with, improving product quality and making a difference for products are the main ways of helping Vietnamese enterprises increase their exports in the current climate. According to Nguyen Phu Hoa, Deputy Head of the Ministry of Industry and Trade’s Import and Export […]

For an ASEAN economy of integration, high growth and sustainable development

2017 marks a significant milestone in the development process of the Association of Southeast Asian Nations (ASEAN), as the bloc celebrates its 50th founding anniversary. From a region divided by differing political stances, ASEAN has since become a unified bloc of solidarity, close bonds and friendship, with the participation of 10 countries in the region, […]

Vietnam State Owned Economic Groups Repeatedly Beg For State’s Support

VietNamNet Bridge – State owned economic groups, considered the motive force of the national economy, have also complained about difficulties, while repeatedly begging for the preferences from the State. Conglomerates will live only with the State’s support In the latest document sent to the Ministry of Finance (MOF), the national oil and gas group PetroVietnam asked for the permission to exempt the personal income tax (PIT) for the group’s officers who go abroad on business. If MOF does not accept the proposal, PetroVietnam wishes to come forward to pay the tax for the officers. However, the expenses would be counted…

Vietnam Steel Production Down 10 Pct In 9 Months

Normally, the fourth quarter would see steel price picking up on expanding demand during construction season. Despite economic depression, steel inventories and excessive imports, however, keep soaring. Steel production over the recent nine months reportedly fell 10pct year-on-year, according to the Vietnam Steel Association (VSA). Inventories could reach 330,000 tonnes, beating VSA’s estimate by 10 […]

EU Continues To Offer Vietnam Import Tariff Incentives

The European Union (EU) has announced a new Generalized System of Preferences (GSP) for developing nations, including Vietnam, which will come into force on January 1, 2014. The European Parliament and the European Council have passed the revised GSP with import tariff incentives, reduced or zero tax rates, and import criteria that are favorable to […]