Ministry of Industry and Trade

Update news Ministry of Industry and Trade

As many as 315 companies has won the “Prestigious Export Business” title for 2020, according to the list unveiled by the Ministry of Industry and Trade (MoIT) on August 18.

Vietnam's e-commerce platforms Tiki, Sendo apply for merger

The merger will make the race in the e-commerce market more exciting.

Ample space for boosting exports of processed agricultural products

Vietnam exported 166 million USD worth of processed agricultural products in the first quarter of 2020, up 33 percent year-on-year, statistics reveal.

WB: EVFTA could lift Vietnam’s exports by 12 percent by 2030

The World Bank (WB) has predicted that the EU-Vietnam Free Trade Agreement (EVFTA) could help Vietnam’s GDP and exports grow 2.4 percent and 12 percent, respectively, by 2030, the Ministry of Industry and Trade (MoIT) has reported.

Vietnam to help local firms cope with trade remedies

The Vietnamese Ministry of Industry and Trade (MoIT) is planning to increase the number of training courses it organises on trade remedies for the domestic production industry.

 

Outstanding loans of twelve inefficient projects amount VND21 trillion

The outstanding loans of twelve inefficient projects under the Ministry of Industry and Trade totalled US$905 million as of the end of 2019, most were overdue, according to the Government’s report to the National Assembly.

 

Transferring solar projects to foreign investors 'normal': MoIT

The Ministry of Industry and Trade (MoIT) has said that transferring all or part of a solar power project was normal according to market rules and the Investment Law.

 

Ministry to strictly manage rice exports via international border gates

The Ministry of Industry and Trade (MoIT) will continue to strictly manage rice exports through international border gates, said an official.

Trade defence instruments important to Vietnam’s open economy

Strengthening the application of trade defence instruments would be necessary for Vietnam, which was among countries with the highest economic openness level, according to the Ministry of Industry and Trade.

 

Vietnam ranks fourth in ASEAN in access-to-electricity index

Vietnam takes the fourth position in the access-to-electricity index in 2019 in the Association of Southeast Asian Nations (ASEAN), with 82.2 points, according to the World Bank’s Doing Business report. ​

Anti-dumping investigation underway into imported polyester yarn

The Trade Remedies Authority of Vietnam has sent questionnaires to all relevant foreign producers and exporters to serve the anti-dumping investigation into polyester filament yarn (PFY) imported from China, India, Indonesia and Malaysia.

MoIT issues regulations on auction of import tariff quotas on used autos

The Ministry of Industry and Trade (MoIT) on Monday issued regulations and an invitation to carry out an auction of import tariff quotas on used automobiles for this year.

 

Inspection team set up to check rice volume stuck at ports

An interdisciplinary inspection team led by the Ministry of Industry and Trade has been established to work with agencies to determine how much rice is stuck at ports so that the ministry can come up with an appropriate rice export plan.

Pork price must be stabilised: Trade Ministry

The Ministry of Industry and Trade (MoIT) has said pork must be eligible for price stabilisation due to the high demand for this essential good on the domestic market.

Vietnam-Cuba trade agreement officially takes effect

A new trade agreement between Vietnam and Cuba officially came into force earlier this month, and is expected to help bring bilateral economic, trade and investment ties on par with their sound political relationship.

Twelve products may face trade origin fraud investigation: Authority

The Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade has revealed a list of 12 products which are likely to face trade origin fraud or illegal transshipment investigations.

Ministry approves 10 per cent to power bills cut

The Ministry of Industry and Trade (MoIT) has decided to cut power bills for businesses and households by 10 per cent over the next three months to ease their difficulties amid the COVID-19 pandemic.

 

Ministry launches investigation into anti-dumping duties on polyester yarn

The Ministry of Industry and Trade has issued a decision on investigating anti-dumping duties on polyester filament yarn (PFY) with HS codes: 5402.33.00, 5402.46.00 and 5402.47.00 originating from China, India, Indonesia and Malaysia.

PM approves rice export resumption, orders guaranteed food security

Prime Minister Nguyen Xuan Phuc has approved the resumption of rice export provided that food security must be guaranteed amidst the COVID-19 pandemic, drought and saltwater intrusion.

Trade Ministry urges VCCI to speed up registration of REX Code

The Ministry of Industry and Trade (MoIT) has urged the Vietnam Chamber of Commerce and Industry (VCCI) to speed up the registration of REX codes for producers to facilitate exports to the European Union (EU).