Vietnamese exporters have proactively diversified their markets from the start of the year to mitigate risks as they may soon face significant tax hikes globally, said industry insiders and experts.
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.
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).
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.
Vietnam's rubber exports fell in May due to China’s changing policies and fears over the US-China trade war, a representative of the Vietnam Rubber Group (VRG) has said.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has urged domestic enterprises to maintain strict quality control of aquatic products exported to China amidst the fast growth of tra fish export to this market recently.
ASEAN auto demand is forecast to continue rising in the rest of this year, despite the saturation of the market, according to a survey by the Financial Times’ Confidential Research.
Deputy Prime Minister Vuong Dinh Hue has requested the Electricity of Vietnam (EVN) to review loss-making projects to ensure investment flows for its production and business.
