Increased local trade finance could boost annual trade by $55 billion

Increased local trade finance could boost annual trade by $55 billion

Improving access to affordable trade finance could increase imports and exports by up to 6 and 9 per cent respectively in Vietnam, according to a new report by the International Finance Corporation (IFC) and the World Trade Organization (WTO). This represents an annual increase in merchandise trade of $55 billion.
Malaysia applies tax on imported goods bought online

Malaysia applies tax on imported goods bought online

Online retail companies in Malaysia have started collecting low-value goods (LVG) taxes on imported goods below 500 RM (108.64 USD).
Illegal import of livestock and poultry soars in first nine months

Illegal import of livestock and poultry soars in first nine months

Vietnam has reported an increase in smuggled meat imports with 131 cases detected in the first nine months of this year, up 14.5 per cent on-year.
EVN proposes accelerated electricity imports from Laos

EVN proposes accelerated electricity imports from Laos

Vietnam’s apex power entity, EVN, is navigating an energised course to fortify the power supply for the northern region by 2025.
Export turnover of crude oil to Thailand soars

Export turnover of crude oil to Thailand soars

The export turnover of crude oil to Thailand reported an increase of 200 per cent in July
Steel imports subject to stricter quality standards

Steel imports subject to stricter quality standards

Enterprises advocated for a quality and type control procedure for imported steel into Vietnam in order to safeguard domestic steel.
Stimulation essential to boost demand, yet credit vigilance required

Stimulation essential to boost demand, yet credit vigilance required

Pham The Anh, from the National Economics University, scrutinises the government's measures to stimulate economic growth.
Construction machinery market lures foreign suppliers

Construction machinery market lures foreign suppliers

With a scale touching tens of billion US dollars, Vietnam’s construction machinery market proves a magnet to foreign manufacturers and distributors.
Fruit exports to China increase sharply

Fruit exports to China increase sharply

The recovery of exports to China will contribute to boosting Vietnam's fruit and vegetable industry in 2023.
Ministry of Industry and Trade aims to stabilise petrol market

Ministry of Industry and Trade aims to stabilise petrol market

Fluctuations in the global petroleum market in 2022 have forced Vietnam to strongly import petroleum to meet the domestic demand.
Vietnam’s action plan for commodity import-export

Vietnam’s action plan for commodity import-export

With Vietnam set to maintain momentum to realise its dream of becoming an alternate global supply chain leader, the Fourth Industrial Revolution is providing a boost for global industries to look to Vietnam as a major manufacturing hub in the Southeast Asia region.
Petrol and oil imports increased until end of June 2023

Petrol and oil imports increased until end of June 2023

The Ministry of Industry and Trade (MoIT) is making efforts to ensure the supply sources of petroleum products in the domestic market.
Trade turnover of foreign-invested enterprises maintain growth momentum

Trade turnover of foreign-invested enterprises maintain growth momentum

Foreign-invested enterprises (FIEs) acquired $407.21 billion in import-export turnover in the first ten months of 2022, up 14.9 per cent (or $52.92 billion) on year.
The EU import tariff on milled rice set at $64 per tonne

The EU import tariff on milled rice set at $64 per tonne

Beginning on September 8, the EU now imposes an import duty of €65 ($64) per tonne on white milled rice with the CN 1006 20 code.
Vietnam-China import-export turnover maintains growth momentum

Vietnam-China import-export turnover maintains growth momentum

Vietnam-China import-export turnover maintains growth momentum
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