The trade deficit is likely to prompt a further fall of the Vietnamese dong this year while food, housing and transport costs are leading inflation higher, according to a Standard Chartered Bank report. The report on Vietnam’s economy by the bank’s research department underlines the deficit was at its worst in quarter two of 2008, [...]
The number of nationwide customs agencies remains a modest 88 with many not working effectively, five years after regulations were introduced allowing their operation, report customs officers. Customs agencies are authorised to legally represent importers in fulfilling all customs requirements, including filing forms and paying tariffs and fees. Their aim is to allow customs procedures [...]
The Chairman of the Ho Chi Minh City People’s Committee, Le Hoang Quan, has asked relevant agencies to ensure a sufficient supply of goods and take other necessary measures to maintain the stability of prices after the Lunar New Year festival (Tet). The city is actively developing distribution, wholesale, and retail networks to expand domestic [...]
Apart from efforts to encourage Vietnamese to use locally-made products, Vietnamese businesses should unite to effectively penetrate the domestic market, according to a workshop held by the VCCI on March 9. Participants in the workshop ‘Assembly of Associations of Vietnamese Enterprises’ agreed that the ‘Vietnamese use Vietnamese goods’ campaign launched recently has not yet paid [...]
The Government last Friday issued a document urging relevant central bodies to take strict measures to curb the rising trend of prices of key commodities including cement, dairy products, steel, and transport services. Under the document issued by the Government Office, the Prime Minister ordered close coordination among the ministries of Industry and Trade; Finance, [...]
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