Keyword: "General Department of Customs"

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Vietnam imposes VAT on low-value imported goods

Vietnam imposes VAT on low-value imported goods

It is estimated that if low-value goods worth less than 1 million VND are subject to a 10% VAT rate, State budget revenue could increase by around 2.7 trillion VND (105.6 million USD).

An electronic component production line at a factory of Suntech Vietnam JSC in Bac Giang province. (Photo: VNA)

Electronic imports exceed 100 billion USD

The import value of computers, electronic products and components reached 4.52 billion USD in the first half of December, according to the General Department of Customs.

A farmer harvests coffee in Kon Tum province (Photo: VNA)

Vietnamese coffee export prices to UK surge

Vietnam is the second-largest supplier of coffee to the United Kingdom (UK). The average export price of Vietnamese coffee to the UK in the first half of 2024 reached 3,941 USD per tonne, an increase of 68.4% compared to the same period last year.

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam earns 1.43 billion USD from rice exports in Q1

ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Timber exporters face sharp decline in orders

Timber exporters face sharp decline in orders

Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60% since the beginning of this year, pushing firms to cut off at least half of their production capacities.