Uncertain factors in the market such as fluctuating USD exchange rates and competitive products are forcing businesses to slash prices on most imported goods to be able to stay operational. According to many electronics shops, prices of goods are fluctuating day to day depending on the state of the US dollar. “However, it is quite [...]
As the greenback has lost as much as 8 percent of its value against the Vietnam dong since early this year, many imported goods have become cheaper. At an electronic store on Ho Chi Minh City’s District 1, for instance, prices of certain imported products such as headphones, mobile phones and other electronic components have [...]
The Ministry of Industry and Trade has ordered border provinces to report on any difficulties that food wholesalers have had in purchasing agricultural produce, following reports that Chinese traders are buying up substantial quantities of meat, seafood, eggs and other products. However, it was difficult to confirm the rumours since no official statistics were yet [...]
Two key economic indicators, inflation and trade deficit, have plagued Viet Nam’s economic recovery for the last two years, and caused the Government to walk a policy tightrope. In February, the Government proposed a five-prong approach to address the dual problems of inflation and trade deficit. The approach sought to foster domestic production, encourage exports, [...]
Many importers of fast-consuming goods like cosmetics, liquor, mobile phones and cars under nine seats are blasting the new import restriction policy which took effect last Wednesday and left them no time to prepare. According to the Decision No. 197/TB-BCT of the Ministry of Industry and Trade issued on May 6, shipment arrivals of imports [...]
Zero tax rates are applied to selected products imported from Cambodia, according to a circular from the Ministry of Finance (MoF). Selected products must have Certificates of Origin Form S issued by Cambodia’s authorized agencies to be allowed through the pairs of border gates agreed between the Vietnamese Ministry of Industry and Trade (MoIT) and [...]
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