Update news tariff
Businesses in the leather and footwear industry await the ratification of the EVFTA to cash in on the enormous tax incentives coming with the landmark deal.
Russian cars, once loved in Vietnam, lose their appeal
VietNamNet Bridge - Targeting a niche market, but bearing a high import tariff, Russian cars seem to have lost their luster in Vietnam.
Vietnam warned against being ‘transit point’ for Chinese garments to go to US
Vietnam may become a place for Chinese goods to transit before going to the US.
US-China tit-for-tat trade war to create misfortune for Vietnam
VietNamNet Bridge - The US and China are two important trade partners of Vietnam. Any interruption in exports will have a big impact on the national economy.
Vietnam fruit producers struggle to enter export markets
VietNamNet Bridge - It can take many years to reclaim a new market for Vietnam’s farm produce, but even when the markets open, fruit producers still struggle because of trade barriers.
Will Russian cars sell well in Vietnam?
VietNamNet Bridge - Russian cars have many loyal fans in Vietnam, but many complain that the cars are unaffordable.
5,000 tariff lines to go under Vietnam-EAEU FTA
The Ministry of Finance has completed tax tables on preferential import tariffs to prepare for Vietnam’s commitments in the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU).
Car makers at the crossroads
More than 17,920 cars were sold in Viet Nam in May, which were fewer than the month before, but still higher than the same period last year.
VN considers raising export tariff on cassava, ethanol to support E5 production
The Ministry of Finance (MOF) is planning to raise the tariff on cassava and ethanol exports in an effort to retain materials for domestic biofuel production. Cassava and ethanol bear an export tariff of zero percent.
Viet Nam, France announce plans to remove trade barriers
Viet Nam and France have agreed on the necessity to remove trade barriers in market approaches through bilateral dialogue, including Viet Nam lifting a ban on French beef.
Businesses have yet to feel effects of new import/export tariffs
Under the new import/export tariff scheme effective as of January 1, 2015, a zero tax rate is applied to many import items, but most Vietnamese businesses say this has yet to affect their business.
MOIT considers higher tax on luxury cars
VietNamNet Bridge – The Ministry of Industry and Trade (MOIT) is considering a higher import tax on luxury cars and new tax incentives on priority products.
Car industry faces development roadblocks
VietNamNet Bridge – Viet Nam's ambitious master plan for the development of its fledgling automobile manufacturing industry for 2020 to 2030, which the government recently endorsed, is facing major stumbling blocks.
Authorities fail to collect tax from online shops
VietNamNet Bridge – The online trade now in Vietnam has special characteristics, beginning with “no”: no tax, no clear origin of products and no certificate on product quality.
Would TPP be good or bad to Vietnam’s agriculture?
The Trans Pacific Partnership (TPP) agreement is believed to bring the golden opportunity to change the look of the agriculture, in which 70 percent of Vietnamese get involved.
Exporters fear they may lose markets ‘cause of anti-dumping lawsuits
CAD has reported to the Ministry of Industry and Trade (MOIT) that it is analyzing Thai and Indonesian petitions to apply anti-dumping measures against Vietnam’s steel exports to the markets.
BUSINESS IN BRIEF 4/2
Reporting of securities transactions; Banks to classify, report on debts; Ministry revises definition of equity; Steelmaker looks to capital markets to raise funds; 800,000 tonnes of coal exported in January
Rice export in 2013: three scenarios, one goal
VietNamNet Bridge – No matter what way Vietnam follows to develop rice production and export, the way must ensure two things – the benefits for farmers and the stability of the rice trade.
Vietnam’s catfish bears too much pressure from importers
Vietnam’s catfish has to satisfy a series of requirements set up by import countries to reach out to foreign consumers.
Seafood exporters call on to “break ethoxyquin barrier”
Vietnamese seafood companies think that it is necessary to use “legal instruments” to settle the ethoxyquin problem, saying that only when the problem is settled, will Vietnam be able to boost shrimp exports.