Guarantee for customs clearance to be piloted in 2021-22
The execution of guarantee for customs clearance will be piloted in 2021-22 in an effort to enhance trade facilitation, a customs official said.
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The execution of guarantee for customs clearance will be piloted in 2021-22 in an effort to enhance trade facilitation, a customs official said.
Vietnam’s exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are expected to increase strongly through 2030, reaching 25 percent of the na
Vietnam’s export-import value topped 480 billion USD in 2018, up 11.1 percent year-on-year, said deputy head of the Ministry of Industry and Trade (MoIT)’s Export-Import Agency Tran Thanh Hai.
Many experts have raised concerns about the import of thousands of containers of plastic, and proposed raising fees for importing plastic waste to Vietnam and then using it as materials.
Cashew prices are low at present, according to the Vietnam Cashew Association (Vinacas).
Payments of import-export taxes and fees to customs authorities must all be conducted via cashless payment methods or through credit institutions from the beginning of April, according to a requirement recently issued by the General Department of Vietnam Customs.
Deputy Prime Minister Vuong Dinh Hue, who is also Chairman of the National Steering Committee on the National One-Stop Shop (OSS) Mechanism, the ASEAN One-Stop Shop Mechanism and Trade Facilitation (Committee 189), chaired a conference in Hanoi on February 19 to review the implementation of the tasks by the committee in 2018 and discuss its operation orientations for 2019.
Vietnam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.
The trade deficit will be a big challenge to the economy this year due to tax incentives that lower the price of imported goods on the Vietnamese market.
The amount of scrap imported into Vietnam is likely to rise considerably, the Ministry of Finance has warned.
Despite initial hiccups, most of Vietnam’s car firms are now complying with import rules that were tightened early last year, according to Deputy Prime Minister Trinh Dinh Dung.
Vietnam had a trade deficit of about 1 billion USD in the first 15 days of this year, according to the General Department of Customs.
Petrol imports this year should be sharply reduced as the Nghi Son Refinery comes into operation and the output of Dung Quất Refinery meets most of the local demand, said Deputy Minister of Industry and Trade Do Thang Hai.
The prices of imported automobiles in the Vietnamese market may not reduce as much as expected after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect on January 14, according to the Ministry of Industry and Trade.
Vietnam relies heavily on imported machinery and equipment from China, and experts are worried the country might become a landfill of outdated technologies, urging measures to tighten the import of second-hand machinery and equipment.
Vietnam’s tra fish export value has exceeded 2 billion USD for the first time, with the figure hitting 2.05 billion USD in the first 11 months of this year, a year-on-year increase of 27.4 percent, according to the General Department of Customs.
This year, Vietnam has cultivated about 125,000 hectares of tea, including 110,000 hectares for commercial purpose which produced 8.5 tonnes of tea per hectare, according to the Vietnam Tea Association (VITAS).
Vietnam’s exports of cassava and products made from cassava to the Republic of Korea (RoK) hit nearly 82,000 tonnes worth 24 million USD in the first 10 months of 2018, up 18.9 percent in volume and 52.6 percent in value against the same period last year.
