Export turnover by the agricultural sector in the first seven months of this year totalled US$10.13 billion, up 14.21 percent against the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
In the same period, this sector’s import turnover was US$7.52 billion, up 33.45 percent compared to last year.
As a result, [...]
The Ministry of Industry and Trade (MoIT) has issued a circular on the additional quota for sugar import under which Vietnam will import another 100,000 tonnes of refined and raw sugar this year.
Of the 100,000 tonnes to be imported, 25,000 tonnes of raw sugar will be transferred to the Bien Hoa Sugar Joint Stock Company [...]
Some machine equipment and accessories have been listed among the country’s key mechanical items to enjoy import tax exemptions from now until 2015 such as lifting equipment, chains and tubeless types for cranes, pursuant to Circular No 104 issued by the Ministry of Finance.
The tax exemption will also be applied to diesel machines used in [...]
Trade defence measures have yet to be frequently implemented in Viet Nam even though such mechanisms are useful and effective tools for enterprises to protect themselves in the globally integrated market, a conference heard yesterday in Ha Noi.
Head of the Viet Nam Chamber of Commerce and Industry’s Legal Department Tran Huu Huynh blamed the unsatisfactory [...]
Vietnam’s rubber exports will grow 22.3% on-year to US$1.5 billion this year thanks to high global demand on the economy recovery, the Ministry of Agriculture and Rural Development’s Statistics and Informatics Center predicted.
Increased demand for natural rubber from such major importers as China, India and Malaysia, will push up prices by 30% this year, contributing [...]
Vietnam has earned US$133.5 million from exporting 35,500 tons of offshore-caught seafood to EU since Jan, down 11% in value and 9% in volume on-year due to weaker euro, rather than EU’s IUU enforcement.
The Fisheries Exploitation and Protection Department under the Ministry of Agriculture Rural Development was quoted by the newspaper as saying that local [...]
Vietnam still cannot effectively use the allowed trade remedies in order to protect local production, something other countries have been doing well.
Under the WTO rules, WTO member countries can use trade remedies in order to cope with the impacts of foreign products on local industries. In the last many years, especially in the economic recession, [...]
Vietnam is entitled to investigate imports which have been reported to bring unhealthy competition and take trade remedy measures to protect the legitimate rights and interests of businesses in the domestic market.
This message was put out by Deputy Minister of Industry and Trade Le Danh Vinh at a conference in Hanoi on July 28 under [...]
Vietnam’s trade deficit in the first seven months of this year will reach $7.44 billion, nearly double the figure during the same period last year, a state-run newspaper reported on Monday.
January to July imports rose 25.5 percent from a year earlier to an estimated $45.71 billion, while exports rose 17.5 percent to $38.27 billion, the [...]
The nation’s export earnings fell in July as major items were almost at a standstill.
The country earned US$5.8 billion from exports in July, eight percent less than in June, after two consecutive months of increases, according to the General Statistics Office.
Gems and gem products dropped from US$547 million in June to US$15 million in July.
Other [...]
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