VCCI proposes skipping checks on origin of goods with C/O
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) proposed that customs agencies skip checks on the origin of goods with Certificates of Origin (C/O) to ward off management overlap. The draft circular on the origin determination of imported and exported goods by the Ministry of Finance
Gasoline rises, diesel falls
HCMC – Gasoline prices in Vietnam continued rising further today, February 13, while diesel oil edged down. The ministries of Industry-Trade and Finance revised the retail prices of gasoline nationwide, with RON 95-III gasoline and E5 RON 92-III bio-gasoline selling for VND23,760 and VND22,860 per
Vietnam’s auto imports rocket in Jan
HCMC – Vietnam imported over 14,450 completely-built-up (CBU) cars worth US$314.5 million in January, skyrocketing 219% in volume and 149% in value year-on-year, according to statistics from the General Department of Vietnam Customs. The number of autos imported from Thailand amounted to nearly
Five wood associations join hands to boost trading
HCMC – Vietnam’s five wood industry associations have announced their strategic cooperation to boost trade promotion and woodwork exports and develop the local wood market. They are the Association of Vietnam Timber and Forest Product (VIFOREST), the Handicraft and Wood Industry Association of
Vietnam’s exports to Americas exceed US$8 billion in January
HCMC – Vietnam exported goods worth US$8.21 billion to the Americas and spent US$1.64 billion on imports from this market in January this year, resulting in a trade surplus of around US$6.56 billion, according to the Ministry of Industry and Trade. The U.S. remained Vietnam’s biggest trade partner
VCCI proposes allowing businesses to set fuel retail prices
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has written to the Government suggesting fuel retail prices be decided by businesses based on supply and demand to prevent fuel shortages. VCCI also proposed doing away with the fuel price stabilization fund as it has failed to stabilize
Aqua-product exports plunge 31% in January
HCMC – Vietnam’s aqua-product exports dropped sharply in January, fetching only US$600 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The first month this year saw a plunge of 31% in aqua-product export value year-on-year due to the week-long Lunar New
Retail sales of goods and services seen growing 8-9%
HCMC – Vietnam’s trade sector is set to achieve 8-9% growth in retail sales of consumer goods and services this year. At the 2023 conference on domestic production and consumption promotion and export market expansion yesterday, Minister of Industry and Trade Nguyen Hong Dien said the supply of
Vietnam’s rice prices soar to two-year highs
HCMC – Export prices of Vietnamese rice have surged to two-year highs, offering a bright prospect for the country’s rice export sector this year. The export price of 5% broken rice on February 5 was US$473 per ton, up US$15 per ton month-on-month, while the country’s 25% broken rice increased to
Vietnam sets 2023 export target of US$394 billion
HCMC – Vietnam has set a target of exporting goods worth US$393-394 billion in 2023, up by US$22 billion or 6% against last year, said a trade official. It would be challenging to reach this export target as the country’s export sector has been facing issues such as high yet unsustainable export
Fuel businesses cry for help
HCMC – Hundreds of fuel companies have written to the prime minister saying the current regulations are putting a strain on their operations. The Government Office said it had received about 250 petitions to revise the law on fuel trading from fuel traders and retailers. In the letters, they asked
Antidumping duties on Chinese cold-rolled steel remain unchanged
HCMC – The Ministry of Industry and Trade has decided to keep in place the antidumping duties on cold-rolled steel coil and sheet imports from China. Vietnam would levy antidumping duties ranging from 4.43% to 25.22% on cold-rolled steel coil and sheet imports from China. The duties, imposed in