The Ministry of Finance (MoF) has proposed a reduction of the most favoured nation (MFN) tariff on a number of petrol products widely used in industrial production from 20% to 10% in an attempt to bring down the economy's input cost.
After two years of enforcement, the EU - Vietnam Free Trade Agreement (EVFTA) has generated initial results, but rising inflation in the EU and the euro depreciation are affecting Vietnamese firms, requiring urgent solutions to those difficulties.
Although the Regional Cooperation Economic Partnership (RCEP) agreement boasts no breakthrough in import tariff reduction, less stringent requirements on origin tracing will help businesses optimise incentives from signatories.
The Philippine Tariff Commission (TC) has announced the final conclusion on a safeguard investigation on High-Density Polyethylene (HDPE) pellets imported from many countries, including Vietnam.
The Trade Remedies Authority has recommended businesses stay cautious after US President Joe Biden's announcement on June 6 on tariff exemption for solar panels imported from Vietnam, Cambodia, Malaysia and Thailand, urging them to continue to review their export of products subject to the US’s anti-circumvention investigation.
Vietnam has many more opportunities to increase export of fruits and vegetables to the European Union - the world's largest market, thanks to tariff incentives brought by the EU-Vietnam Free Trade Agreement (EVFTA), according to analysts.
US President Joe Biden on June 6 declared a 24-month tariff exemption for solar panels manufactured in four Southeast Asian countries, including Vietnam, in an effort to promote clean energy production in the country.
The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets, according Standard Chartered Bank.
Vietnam is anticipated to enjoy the highest trade and income gains among members of Regional Comprehensive Economic Partnership (RCEP), according to a latest World Bank report.
The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 percent to 12 percent.
The Ministry of Industry and Trade (MoIT) has issued a circular stipulating the import of rice and dried tobacco leaves originating from Cambodia under tariff quotas for 2021 and 2022.
NTSF Seafoods Joint Stock Company, a Vietnamese exporter of frozen fish fillets, enjoys a zero anti-dumping duty when exporting pangasius to the US market in the 17th review (POR17) of the US Department of Commerce, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
Minister of Industry and Trade Nguyen Hong Dien has signed Circular No. 06/2022/TT-BCT stipulating regulations on the import of rice and dried tobacco leaves originating from Cambodia under tariff quotas for 2021 and 2022.
Vietnam reported a trade deficit of 3.91 billion USD in the first 15 days of February as exports decreased, the General Department of Customs has announced.
The US's plan to impose an anti-dumping tariff of up to 400 percent against imported Vietnamese raw honey products would pose very negative impacts on Vietnam's beekeeping industry, of which the US has been the prime import market, said spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang.
The Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) will facilitate products of Indonesia to enter the market of the Republic of Korea (RoK), Indonesian Deputy Minister of Trade Jerry Sambuaga said on December 8.
In the context of complicated development of the Covid19 on a global scale, bilateral trade between Vietnam and the EU recorded significant increase after the EVFTA was enforced. Vietnam’s export to the EU reached 39.75 billion USD, increased by 6.2%, thanks to the recovery of the EU economy in the second quarter of 2021 and the tariff cut under EVFTA.
The US Department of Commerce has recently announced it will not conduct an anti-tariff circumvention investigation against solar panels made in Vietnam, Thailand and Malaysia at a request by a group of anonymous businesses called American Solar Manufacturers against Chinese Circumvention (A-SMACC).
A workshop discussing opportunities for Vietnamese businesses to increase export of agricultural and aquatic products to Russia and the Eurasian Economic Union (EAEU) was held by the Vietnam Chamber of Commerce and Industry (VCCI), the Vietnam Trade Office in Russia and the Russian trade representative office in Vietnam, on November 2 in Hanoi.
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