Update news import

Vietnamese enterprises grasp opportunities amid COVID-19

The COVID-19 pandemic has caused enormous impacts on Ho Chi Minh City in particular and Vietnam in general. 

Vietnam reports trade deficit of 100 million USD in January

Vietnam reported a trade deficit of US$100 million in January, according to the General Statistics Office (GSO).

Customs departments tighten supervision on foreign investment

Customs departments are keeping a close watch on investment shifts from foreign countries, especially China, into Vietnam to prevent product origin fraud and illegal transshipments.

Vietnam to import 20,000 electric taxis

 VietNamNet Bridge – Up to 20,000 electric cars made by Renault will be shipped to Vietnam within the next five years by the Mai Linh Group.

China's August imports fall 14.3% on oil prices

 China's imports in August fell 14.3% in yuan-denominated terms from a year ago, while exports fell by 6.1%.

Sugar import quota up for debate

 VietNamNet Bridge – Tenders might be invited for determining the sugar import quota this year, instead of it being allocated as in the previous years, to ensure transparency.

Ministry to allow imports of used ships for scrap steel

 VietNamNet Bridge – Starting next year, enterprises and individuals can import used ships for dismantlement for scrap steel if they meet environment requirements set by the Ministry of Natural Resources and Environment,

GM crops targeted to make up 30-50% of cultivation

 VietNamNet Bridge – The Government wants to start cultivating new strains of genetically-modified (GM) crops next year with a target to expand the area under cultivation of GM crops

Vietnam poised as ‘Big Winner’ from FTAs

 VietNamNet Bridge – The Vietnamese economy is poised for ‘exponential’ strong growth with the signing of a number of free trade agreements (FTA) in the offing.

Azerbaijan President arrives for State visit

VietNamNet Bridge – President of Azerbaijan Ilham Aliyev is paying a working visit to Vietnam from May 18-20 at the invitation of President Truong Tan Sang, which aims to embrace bilateral economic ties.

UAE tops phone importers' list

 VietNamNet Bridge – The United Arab Emirates (UAE) is the biggest importer of Vietnamese phone and phone accessories, with growth of over 100 per cent year-on-year since 2010.

VWS likely to pilot import of recyclable scrap

 VietNamNet Bridge – Vietnam Waste Solutions Inc. can be able to import recyclable scrap on a pilot basis after Minister of Natural Resources and Environment Nguyen Minh Quang signaled the green light while he was touring the firm’s facility

SMEs shaken by import ban on older machinery

 VietNamNet Bridge – Despite Vietnam’s call for investment from Japanese small and medium enterprises to develop supporting industries, Japanese investors have complained that unclear regulations limiting the import of used machinery

VN warned China controls both input and output of its rice production

 VietNamNet Bridge – Being the biggest rice exporter in the world, Vietnam’s rice production faces high risks: it imports rice varieties, fertilizer from China and exports big amounts of products to the country.

Ministries argue on temporary import for re-export later

Ignoring suggestions by relevant ministries and domestic sugar manufacturers, the Ministry of Industry and Trade sticks to its opinion that it is necessary to maintain the activities of temporary import for re-export.

Despite the ban, used computers still infiltrate into Vietnam

 VietNamNet Bridge – A lot of used information technology products subject to the import ban regulation have still been getting through the customs agencies and available at the domestic shops.

Vietnamese “Samsung followers” disappointed with Samsung Galaxy S4

The Vietnamese, who eagerly expected Samsung Galaxy S4, have expressed their disappointment about the blockbuster product.

Vietnam vows to impose heavy punishment to stop seafood material bleeding

The draft decree of pecuniary penalty on the violations in seafood trade says the fine of up to VND100 million would be imposed on the institutions which join forces with foreign merchants to collect aquatic materials in the domestic market.

Vietnam spends too much money on imports

Vietnam has been not only importing the products it needs, but the products it can make as well.

Made-in-Vietnam kidney dialysis equipment helps save billions of dong

The self-regulating kidney dialysis machine created by Dr. Vu Duy Hai from the Hanoi University of Technology and his research team, is believed to help Vietnam save VND700 billion a year.