Keyword: "tariffs"

Vietnam’s electronics industry has set a new export record this year despite rising tariffs and trade barriers in major markets.

Thai Deputy Prime Minister and Minister of Finance Pichai Chunhavajira said Thailand has submitted its final proposal to the US and expressed his hope that Washington would reduce import tariffs on Thai goods from 36% to a rate closer to that of other countries in the region.

In a post on Truth Social shortly afterward, Trump said that while the Philippines will open up completely to US goods, he will still impose a 19% tariff on products from the Southeast Asian country, a major exporter of high-tech items and apparel.

This year, the footwear industry continues to target exports to Africa, Asia, Japan, Europe and the US, while also taking initial steps to engage with major e-commerce platforms like Alibaba and Amazon to open new sales channels.

The following is a list of selected news summaries reported last night by the Vietnam News Agency.

Malaysia has initiated an anti-dumping investigation into galvanised iron coils/sheets or galvanised steel coils/sheets originating or imported from Vietnam.

The Vietnam – UAE Comprehensive Economic Partnership Agreement (CEPA), signed on October 28 during Prime Minister Pham Minh Chinh’s official visit to the country, will pave the way for Vietnamese products to break into the Middle Eastern and African markets, an official has said.

Vietnam’s textile and garment industry has not been able to fully capitalise on the advantages and potential of FTAs, according to the Ministry of Industry and Trade (MoIT).

A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr has approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs, according to foreign media.

US President Joe Biden announced on June 6 (local time) a 24-month tariff exemption for solar panels manufactured in Cambodia, Malaysia, Thailand, and Vietnam.

Philippine President Rodrigo Duterte has decided to reduce the tariffs on imported rice to ensure food security, and protect consumers in the world’s largest importer of the grain.

Tuna exporters in the central provinces of Khanh Hoa, Binh Dinh and Phu Yen said the number of tuna orders from the US, Canada, Brazil and Columbia in January rose significantly as compared to the same time last year.

Any move by the US to impose tariffs on Vietnamese goods would hurt bilateral trade ties, the Ministry of Industry and Trade (MoIT) said.

Minister of Industry and Trade Tran Tuan Anh has signed Circular 11/2020/TT-BCT on rules of origin in the European Union – Vietnam Free Trade Agreement (EVFTA).

The Government has officially decided to approve a new feed-in-tariff mechanism to encourage development of solar power in Vietnam.

Reduced revenue from cutting taxes on imported goods in accordance with various free trade agreements (FTA) Vietnam had signed was unlikely to affect State revenue, said the finance ministry in a conference held on December 12 in Hanoi.

Philippine President Rodrigo Duterte has ordered a halt in rice imports after prices of the staple fell more than a fifth during the last nine months, hurting millions of local famers.

Thai Minister of Tourism and Sports Phiphat Ratchakitprakarn has said the ministry is pushing for cuts in tariffs on branded products to foster tourism sector – a key economic sector of the county.

Increasing meat imports are adding to the pressure on the country’s livestock industry brought by free trade agreements and the African swine flu epidemic, experts said.

Vietnam and the European Union (EU) last week signed a landmark free trade deal that will slash tariffs on almost all goods, including wood and timber products. It is expected to give Vietnamese wood exporters better market access and more opportunities to expand their business.