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Freight fees to be listed

Foreign shipping lines will have to publicise charges, surcharges of freight services, and charges for port services for containerised goods, as the draft decree on the issue has been submitted, for the first time, to the Vietnamese government for approval. According to the latest draft decree, shipping firms would have to make their services more transparent-Photo: Le Toan The Ministry of Transport’s draft decree ...

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Tarriff exemptions for Chinese, ASEAN goods

The zero percent tariff under the ASEAN-China Free Trade Agreement (ACFTA) will bring more goods from ASEAN and China to Vietnam. This will create more competition for local products, according to experts. The Government has issued a decree on special preferential tariffs for ASEAN and Chinese products for the 2016-18 period according to commitments under the ACFTA. Under the decree, hundreds of goods from ...

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EU logistics centre anticipates EVFTA

The first national-scale logistics centre in Belgium has been planned by Belgium-based Herfurth Group and state-run Vietnamese shipping group Vinalines, to facilitate trade and logistics operations in advance of the EU-Vietnam Free Trade Agreement. Herfurth, one of the world’s leading shipping, logistics, and forwarding firms, last week signed a Memorandum of Understanding (MoU) with Vinalines on establishing the logistics centre. The centre – called ...

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Customs Sector Strives for VND275 Trillion in Revenue

The Vietnamese customs sector will take any measure necessary to achieve VND275 trillion of revenue, said Mr Nguyen Van Can, General Director of the General Department of Vietnam Customs, at the teleconference on October 11 that reviewed activities in the third quarter and previewed missions in the fourth quarter of 2016. General Director Nguyen Van Can said the customs sector obtained outstanding results in ...

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Trade deficit indicates Vietnam lacks competitiveness

 Commercial trade with ASEAN is a microcosm of the challenges facing the Vietnamese domestic sector globally. The trade deficit with the 10 member nations of the ASEAN trade bloc widened by US$4.5 billion during the first nine months of 2016, higher than the US$4.1 billion shortfall for last year’s same period, reports the General Department of Vietnam Customs. “The trade deficit continues a decade-long ...

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By October 15th: Total import-export turnover reached nearly $US 268.39 billion

According to the latest preliminary statistics of the General Department of Customs, by the end of October 15th, 2016, the total import-export turnover of Vietnam reached nearly $US 268.39 billion, up 4.4% (equivalent to an increase of nearly $US 11.36 billion) compared to the same period of 2015. The total import-export turnover of Vietnam in the first period of October 2016 (from 1-10 until ...

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Rice exports hit US$1.9 billion

Vietnam exported 368,000 tons of rice in October to get US$164 million, bringing the total rice export volume for 10 months leading up to November to 4.2 million tons with a value of US$1.9 billion, down 21.2% in volume and 16.9% in value against the corresponding period last year. According to the Ministry of Agriculture and Rural Development, Vietnam had to lower the export ...

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Can Tho’s port receives first large container ship

The container ship of Tan Cang Shipping Company under the Saigon Newport Corporation anchored at the Tan Cang-Cai Cui Port in Cai Rang district, the Mekong Delta city of Can Tho on October 24.   Tan Cang Pioneer V.1631S is the first container ship to go through the newly-opened Quan Chanh Bo canal, paving the way for high-capacity ships to enter the Hau River.  ...

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Law on Specialised Business Support Management Amended

  To create more favourable conditions for enterprises in specialised management of imports and exports, the Central Institute for Economic Management (CIEM) in collaboration with the Governance for Inclusive Growth (GIG) under the United States Agency for International Development (USAID) held a consultation workshop on “Orientations for amendments and supplements to some articles of the Law on Specialised Management.” Dr Nguyen Dinh Cung, Chairman ...

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ACMECS 7, CLMV 8, WEF - Mekong Focusing on Building GMS Economic Corridor

The Ministry of Foreign Affairs of Vietnam recently hosted a press conference to announce three important multilateral foreign affairs events, including the 7th Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy Summit (ACMECS 7), the 8th Cambodia - Laos - Myanmar - Vietnam Summit (CLMV 8), and the World Economic Forum on Mekong region (WEF Mekong), scheduled to take place from October 24 ...

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