Import-Export

A delegation from the northern province of Bac Ninh led by member of the Party Central Committee and Secretary of the provincial Party Committee Nguyen Anh Tuan met with leaders of East Kazakhstan region, Kazakhstan, on November 15 to promote cooperation between the two localities.

As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.

VCN- Tuna products imported into the United Arab Emirates (UAE) are currently subject to a 5% tax rate. Therefore, businesses expect this market to expand further when the FTA between Vietnam and the UAE takes effect and reduces the import tax on seafood

VCN - In addition to the opportunities from the investment shift in the electronics industry, Vietnamese enterprises also face many challenges in terms of capital, technology and human resources. Ms. Do Thi Thuy Huong, Executive Committee Member of the Vi

VCN - According the latest statistics from the General Department of Customs, by the end of October, the total import-export turnover between Vietnam and China reached US$167.46 billion.

The Ministry of Industry and Trade on November 12 announced the termination of anti-dumping duties on cold-rolled stainless steel products imported from China’s Taiwan, Indonesia, Malaysia and China.

VCN - The export turnover in October went up 10.1% year-on-year, of which the export turnover of the domestic economic sector increased by 17.7%, the export turnover of the FDI sector (including crude oil) grew 7.3%.

Textile and garment exports are likely to hit 44 billion USD this year, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential market.

Appearing in Vietnam since the end of September, the online retail platform Temu has attracted buyers with its super discount and completely free shipping strategy.