Vietnam - China trade relations have developed both in width and in depth. The two-way trade value has been on the steady rise, with many years beating expectations of both nations. Besides, Vietnam is advancing its international integration, powered by the Trans-Pacific Partnership (TPP), and bilateral and multilateral free trade agreements (FTAs). Momentous advantage in trade cooperation China is now one of the largest ...
Read moreThe textile and garment sector will continue facing challenges in 2017 due to fierce competition by other major exporters such as China, India, Bangladesh and Pakistan while global demand is forecasted to slow down. Le Tien Truong, General Director of the National Garment and Textile Group (Vinatex) said textile and garment exports to the US and the EU will also be under negative impacts ...
Read moreThe General Department of Customs has directed Provincial Customs Departments to conduct post clearance audit in Customs valuation for the purpose of strengthening valuation management in cases passed to post clearance audit units. The General Department of Customs has requested its post clearance audit units to perform the auditing of valuation within 30 days from the date of receiving price consultation results forwarded by Customs clearance units. Photo: Ảnh: T.Trang Accordingly, the ...
Read moreAlthough China is a potential market for Vietnam, currently, enterprises still have many difficulties when exporting to China such as tariffs, lack of information and language, etc. China also has a large demand for exported goods by Vietnam such as seafood. Photo: Nguyễn Huế From 2014 till now, China has passed Japan to be the second largest exporting market of Vietnam after US. Also, ...
Read moreVCN- Currently, the General Department of Customs has 68 administrative procedures, therein 72 online administrative procedures have been implemented at level 4 meaning that enterprises have been permitted to deploy the procedures related to clearance of goods; payment of taxes and fees; procedures for sea transport... The officers of the Northern Hanoi Customs Branch guide procedures for enterprises Photo by: Huu Linh The online public services are ...
Read moreAgri-forestry-fishery exports are expected to grow by 1.2-1.4% to reach US$31 billion this year, said the Ministry of Agricultural and Rural Development (MARD) representative at a press conference in Hanoi on November 9. Key industries such as livestock and fishery still develop well despite numerous difficulties including natural disasters confronting eight central provinces. According to the report, total export value jumped by 63% to ...
Read moreHanoi estimates its gross domestic product (GDP) growth rate this year will reach 8.03% – the highest in six years. The municipal People’s Committee met on November 7 to review the socio-economic situation in 2016 and set tasks for next year. While the services sector’s expansion was estimated at 8.1 percent, industry and construction have risen by 8.8 percent, and agriculture growth has hit ...
Read moreVietnam’s export value in the first ten months reached US$144.1 billion, up 7.2% from the same period last year, according to the Ministry of Industry and Trade (MoIT). Of the amount, the domestic sector earned 41.4 billion USD, up 4.9 percent, and the foreign-invested sector 102.7 billion USD, an increase of 8.1 percent year on year. However, the growth of export value is below ...
Read moreThe prices of RON 92 petrol and bio-fuel E5 increased by 47 VND and 43 VND per litre as from 3:00 pm on November 4. Following a joint decision by the Ministry of Industry and Trade and the Ministry of Finance, the prices of diesel 0.05S and kerosene remained stable. Meanwhile, the price of 180CST 3.5S mazut decreased slightly by 5 VND per kilograme. ...
Read moreAccording to the Ministry of Agriculture and Rural Development of Vietnam, seafood export value was estimated at US$687 million in October, pushing the value of seafood exports in the first 10 months to reach US$5.7 billion, up 5.9 per cent compared to the same period of 2015. In particular, the United States, Japan, China and South Korea are the 4 leading importers of Vietnamese ...
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