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Update news MoIT
VietNamNet Bridge - More Vietnamese manufacturers who found it difficult to become part of Samsung’s global supply chain, are becoming component suppliers for Samsung.
VietNamNet Bridge - The dong devaluation will make goods, especially imports, become more expensive, but analysts say prices will increase slowly.
VietNamNet Bridge - Many bidding documents require tenderers to provide import products, even if the products can be made domestically.
VietNamNet Bridge – The Minister of Industry and Trade's Vu Huy Hoang talks to Kinh Te Viet Nam va The Gioi about measures to help farmers resolve difficulties with consumption and production.
VietNamNet Bridge - Vietnam will continue developing coal-run thermal power plants in the upcoming years despite the anticipated impact on the environment, as no better solution has been found.
VietNamNet Bridge - The average petrol import price in the last six months was 40 percent lower than that of the same period last year, but the retail price has decreased by 20 percent only.
VietNamNet Bridge - With improved incomes in recent years, more Vietnamese are drinking foreign canned beer instead of draft beer. But Vietnamese breweries are not making high-end beer.
VietNamNet Bridge - Samsung seems to take full advantage of its status as a big investor to claim unprecedented investment incentives.
VietNamNet Bridge - Vietnam’s rice exporters continue to rely on the Chinese market. Experts warn Vietnam may fall into the Chinese ‘low-quality rice’ trap.
VietNamNet Bridge - Minister of Industry and Trade Vu Huy Hoang said last week that electricity prices from early 2016 would be determined by the market.
VietNamNet Bridge - Analysts have warned that even if goods transit centers are built in border areas, Vietnam’s farm produce will still be at a disadvantage if Chinese businesses make problems for Vietnamese merchants.
VietNamNet Bridge - Though foreign investors continue to pour more money into convenience stores in Vietnam, traditional variety stores still prosper.
The Ministry of Industry and Trade (MOIT) sold watermelon in front of its office in Hanoi, while the Ministry of Transport (MOT) requested its officials to drink milk instead of beer.
The Ministry of Finance (MOF) has decided to change the method of calculating a luxury tax on car imports, striving to support the development of the domestic automobile industry and increase state budget revenue from tax collection.
VietNamNet Bridge - The Price Control Agency under the Ministry of Finance (MOF) has confirmed that formula milk companies are not conducting transfer pricing, vowing to clarify the problem.
VietNamNet Bridge - High export turnover and export growth rate are usually cited in government agencies’ reports as proof of economic development. However, there are many problems behind the figures.
VietNamNet Bridge - If the government wants to retain auto-assembling enterprises to develop Vietnam’s auto industry, it will have no other choice than to support domestic enterprises.
VietNamNet Bridge - Vietnam is the second biggest rice exporter in the world, the fifth largest tea exporter and the fourth biggest shrimp exporter. But the country has met major difficulties when entering large markets.
The Ministry of Industry and Trade (MOIT) has reaffirmed Vietnam’s strong determination to develop its automobile industry and its policy on supporting automobile manufacturers. However, investment incentives will be given only to large projects.
VietNamNet Bridge - The Ministry of Construction (MOC) wants to turn cement production into a key industry, but analysts believe it is a bad idea.