Ministry of Industry and Trade

Update news Ministry of Industry and Trade

The Ministry of Industry and Trade has directed Vietnamese commercial affair offices abroad to connect with businesses to search for raw materials for face masks production in Vietnam.

Vietnam seeks ways to promote exports amidst fear of coronavirus impacts

Vietnam has planned drastic measures to support exports following the suspension of cross-border trade with China due to the novel coronavirus, known as 2019-nCoV.

Favourable policies expected to drive auto market growth

The automobile market is expected to boom this year as the Government mulls a number of favourable policies to help reduce costs, improve demand and increase output.

Coronavirus might affect exports to China: ministry

The Import-Export Department is keeping a close watch on the development of the coronavirus, urging firms to prepare for negative impacts of the epidemic on exports to China.

 

Prioritised orientations in ASEAN economic pillar in 2020 unveiled

Three prioritised orientations in the economic pillar of ASEAN in 2020 was revealed during the first meeting of ASEAN Senior Economic Officials in 2020 (SEOM 1/51), which is underway in Hanoi from January 12-14.

ASEAN committee discusses trade facilitation in Hanoi

The 16th Meeting of the ASEAN Trade Facilitation Joint Consultative Committee (ATF-JCC) was recently held by the Ministry of Industry and Trade (MoIT) in Hanoi.

CLMV senior economic officials meet in Hanoi

Senior economic officials from Cambodia, Laos, Myanmar and Vietnam (CLMV) gathered in Hanoi on January 12 for their 18th meeting hosted by the Vietnamese Ministry of Industry and Trade (MoIT).

182 rice traders certified as eligible for rice exports

 The Ministry of Industry and Trade has granted 47 certificates of eligibility to rice export businesses over the past year, lifting the number of rice exporters to 182 traders.

 

Firms urged to comply with origin rules amid escalating protectionism

The Ministry of Industry and Trade urged firms to strictly comply with rules of origin to avoid negative impacts on exports amid escalating trade defence measures.

Power supply to be ensured next year

Power supply for production and domestic consumption in 2020 would be ensured, according to the Ministry of Industry and Trade (MoIT).

Coffee sector targets $6 billion in export turnover in 2020

With the Vietnamese coffee industry currently exporting to 80 countries and territories globally, the sector has already stated its ambitions to reach an export turnover of 6 billion USD in 2020.

VN Trade Ministry launches websites to deal with counterfeit goods

The Ministry of Industry and Trade (MoIT) on December 18 launched three websites to fight counterfeit goods and help consumers resolve e-commerce disputes.

Competition authority warns of online loan scams

The Ministry of Industry and Trade’s Vietnam Competition Authority (VCA) has warned local consumers to be cautious about taking out online loans amid rampant scams.

 

Vietnam wants private electricity grid investment

A lack of electricity transmission grids is preventing renewable energy projects from generating at maximum capacity.

VN automobile manufacturers ask for more support

Vietnam’s automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government.

Quotas for sugar imports from ASEAN removed

There will be no limits on the amounts of sugar imports into Vietnam from member states of the Association of Southeast Asian Nation (ASEAN), beginning next year.

Temporary suspension of import and re-export of plywood to US

The Ministry of Industry and Trade (MoIT) has decided to suspend the import of plywood products to Vietnam for re-export to the US to prevent commercial fraud on goods' origin and illegal transshipment.

Vietnam to study logistics investment in Egypt

The Ministry of Industry and Trade will send a delegation to Egypt to study investment in logistics and promote trade in the second biggest economy in Africa from December 1-6.

Vietnam’s exports estimated at $217.05 billion in 10 months

Vietnam’s export revenue was estimated at 217.05 billion USD in the first 10 months of this year, up 7.4 percent annually, according to the Ministry of Industry and Trade.

Foreign businesses look to expand investment in Vietnam

Many foreign businesses have come to explore the investment opportunities in Vietnam recently with the intention of investing or expanding operation in the country, according to the Ministry of Industry and Trade.