Southeast Asia Amidst US-China Economic Competition
Ann Marie Murphy is professor and director of the Center for Foreign Policy Studies at Seton Hall University. This piece was written for Perry World House's 2023 workshop "Economic Security and the Future of the Global Order in the Indo-Pacific."
New regulations create facilitation in the origin management of imported and exported goods
The Ministry of Finance has just issued Circular 33/2023/TT-BTC regulating the determination of origin of exported and imported goods. Circular 33 takes effect from July 15 and replaces circulars No. 38/2018/TT-BTC, 62/2019/TT-BTC, 47/2020/TT-BTC, and 07/2021/TT-BTC.
Online exports expected to be economic growth driver
Online exports are seen as a “launchpad” that helps businesses maintain sustainable revenue and increase exports in the context of rising inflation and consumers tightening their spending, according to insiders.
Promising outlook for exports as global markets show signs of recovery
Vietnamese export activities are expected to rebound in the second half of the year, provided that businesses swiftly interpret market signals and seize upon export opportunities.
Exports to the EU cannot bypass the Carbon Border Adjustment Mechanism (CBAM)
In mid-May 2023, the European Commission issued regulations on the establishment of a Carbon Border Adjustment Mechanism (CBAM) in the EU, requiring businesses to adapt so as not to lose their competitive advantage.
RCEP boosts confidence in trade and regional cooperation
On June 2, the day the Regional Comprehensive Economic Partnership (RCEP) entered into force in the Philippines, Chizhou Customs in east China's Anhui Province issued an RCEP Certificate of Origin for a batch of goods exported to the South-East Asian country.
Bond issuers struggle with debt repayment
HCMC – Bond issuers are grappling with the burden of heavy debt amidst unfavorable market conditions, leading them to further postpone coupon and principal payments. Several issuing companies have extended their coupon and principal payments since the beginning of June. Dat Xanh Mien Nam
HCMC to host automotive service industry trade fair
HCMC – HCMC is set to host Automechanika HCMC 2023 from June 23 to 25 at the Saigon Exhibition Convention Centre (SECC) in District 7. The event, organized jointly by Messe Frankfurt (HK) Ltd, Chan Chao International Enterprise Group, and Yorkers Exhibition Service Vietnam, will showcase the
Vietnam’s Jan-Jun air passengers up 49.6%
HCMC – Vietnam’s air passenger traffic has soared in the year to date, with Vietnamese airlines carrying 34.7 million passengers, up 49.6% compared to the same period last year. Out of the total passenger count, 14.7 million are international guests, a five-fold surge compared to the previous
Pepper exports increase 30%
Vietnam exported nearly 131,777 tonnes of pepper worth 408.9 million USD in the first five months of this year, up 30% in volume but down 12.7 in value over the same period last year, according to the Vietnam Pepper Association (VPA)
South Korean president set to visit Vietnam next week
HCMC – South Korean President Yoon Suk Yeol will be visiting Vietnam next week at the invitation of Vietnamese President Vo Van Thuong. The Office of the South Korean President announced on Tuesday that President Yoon will be accompanied by senior executives of 205 South Korean businesses during
Higher domestic airfare caps likely
HCMC – The Ministry of Transport is currently gathering feedback on a draft circular in which domestic airfare caps would rise by VND50,000 to VND250,000 per ticket depending on routes. According to the draft circular, the proposed airfare caps for domestic routes between 500 kilometers and below