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Ministry rejects import-export tax changes

At an earlier working session between the two ministries, the Ministry of Industry and Trade (MoIT) requested the Ministry of Finance (MoF) to hike import tariffs on NPK fertiliser from the current 6 per cent to 6.5 per cent; delay imposition of a 3-per-cent export tax on steel ingots and finished steel; and slash the export tax on coal from 20 per cent to 10 per cent.

Greenbiz exhibition and conference opens in Ho Chi Minh City

The event was organised by the Ho Chi Minh City Investment and Trade Promotion Centre, the European Chamber of Commerce in Vietnam (EuroCham) and the Vietnam Chamber of Commerce and Industry (VCCI).

Bad debt of Vietnam’s whole economy at 7-8pct: Bidv’s chairman

According to the representative of state-run enterprises, the bad debts of some banks are still higher than the average level of the entire banking system, of which, Vietnam Bank for Agriculture and Rural Development (Agribank)’s bad debt is 6.67% and Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB)’s bad debt is 3.47%. Notably, Agribank still posted low capital adequacy ratio (CAR).

Economic crisis hits leather, shoe exports

The industry currently faces many challenges, ranging from macroeconomic policies and trade barriers to the world market, in hitting its export targets while continuing to develop. Nguyen Thi Tong, general secretary of the Viet Nam Leather and Footwear Association, spoke about these issues.

Ministry urges EVN not to raise rates more than once per quarter

Minister of Finance Vuong Dinh Hue has sent a document to Minister of Industry and Trade Vu Huy Hoang responding to Hoang’s proposals on taxes, fees and prices for a number of commodities, including electricity.

14 European countries invest in Hanoi

According to the Hanoi People’s Committee, the city is calling on businesses to invest in high-quality services, financial centres, banking, trade, the electronic industry and information technology.

New rules for firms in fuel trade

As part of the new policies, fuel-trading activities between licensed traders and producers will be required to operate in accordance with General Department of Customs procedures.

Vietnam-Malaysia bilateral trade hits US$4 billion

Malaysian Consul General Shazryll Zahiran and Chairman of the Vietnam-Malaysia Friendship Association in Ho Chi Minh City said the friendship and cooperative relations between the two countries have been developing strongly in the fields of politics, diplomacy, economics, trade, investment, education, training, tourism, defence and security.

WTO ruling favours VN shrimp exports

The panel report, issued on July 11 after series of decisions by the WTO panels and appellate body, backed Viet Nam’s claim the US’s zeroing methodology in the use of administrative reviews of imports was inconsistent “as such” with the WTO’s Anti-Dumping Agreement and 1994 General Agreement on Tariffs and Trade (GATT).

US toasts Viet Nam’s trading importance

Viet Nam is one of the markets we most want to do business with,” said US Undersecretary of Commerce for International Trade Francisco Sanchez. “It’s becoming an increasingly important place to market our goods and services.”

Vietnam’s trade gap from China at nearly $4b in Jan-Apr

Totally, in Jan-Apr, the country’s import value is estimated at $31.83 billion. Meanwhile, Vietnam’s export turnover in April reached $7.3 billion, falling 2.0 percent month on month, of which, the export turnover of local and foreign-invested firms fetched $2.9 billion and $4.4 billion respectively.

Vietnam-Indonesia trade ties highlighted

The Jakarta Post emphasized this in an April 30 article on the growing trade ties between Vietnam and Indonesia.

VN Business Summit opens in HN

It is estimated that Việt Nam needs about US $300 billion for investment development within 2010-2015. Therefore, the innovation in business environment, growth model transforming, synchronous development of labor, science-technology markets toward liberation of trade and investment will be prioritized. The Deputy PM also re-affirmed the Vietnamese Government’s consistent policy to pursue economic reform, active integration, stable trade and investment ties with foreign partners.

Soc Trang to host 2nd Vietnam rice festival in November

Various activities will take place including trade and investment promotion, an agricultural products fair and an exhibition during the festival.

Bac Giang to boost trade promotion

Bac Giang has attracted 19 new projects worth a combined US$280 million since the beginning of this year, lifting the number of projects registered to the province to 647, capitalised at $2.4 billion.


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