Vietnam spends over 2 billion USD on animal feed, material imports in 5 months

Vietnam spends over 2 billion USD on animal feed, material imports in 5 months

Vietnam spent 2.04 billion USD to import animal feed and raw materials for the production of this kind of commodity in the first five months of this year, according to the Ministry of Agriculture and Rural Development (MARD).
Low input material price to support profit margins of plastic businesses

Low input material price to support profit margins of plastic businesses

Vietnam is currently heavily dependent on the import of PVC resins - input materials in the construction plastic production chain. In the second half of this year and 2023, Vietcombank Securities Co (VCBS) forecasts that a low PVC price will support profit margins of businesses.
The high price of imported wood materials "fainted" because of lack of supply

The high price of imported wood materials "fainted" because of lack of supply

VCN - Raw wood from low-risk sources such as the US and European countries is scarce, pushing up prices. Currently, many suppliers are offering timber to Vietnamese businesses at a much higher price than before.
Material autonomy key for Vietnam to fully tap EVFTA

Material autonomy key for Vietnam to fully tap EVFTA

Textile stocks have been on a temporary upswing thanks to the recent ratification of the EU Vietnam Free Trade Agreement EVFTA but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as reduc
Discover enterprises in fraud of raw materials in processing and export production

Discover enterprises in fraud of raw materials in processing and export production

VCN- Many processing enterprises and manufacturing export enterprises comply well with the Law, but the Customs also discovered many companies violating the Law
The General Department of Vietnam Customs guides implementation of Decree 15 on food safety

The General Department of Vietnam Customs guides implementation of Decree 15 on food safety

VCN- Accordingly, the GDVC guides that material goods which are directly imported by enterprises for production (including production for export, domestic consumption or processing for foreign partners) are exempted from procedure of regulation conformity
Lack of raw material to prevent export of cashew nut

Lack of raw material to prevent export of cashew nut

VCN- Over the past decade, Vietnam has had the productivity and output of top cashew nuts in the world and continuously kept the top for exporting cashew nuts, the industry is expected to face many challenges if this sector does not quickly change
Maximum of 80,000 VND for certification of eligibility for import of discarded materials for production

Maximum of 80,000 VND for certification of eligibility for import of discarded materials for production

VCN- This is a new guideline issued by the Ministry of Finance in Circular 62 regulating the regime of collection, remittance, management and use of fees.
Bac Ninh Customs: Examines the differences of raw materials records and collects over 2 billion vnd of Tax arrears

Bac Ninh Customs: Examines the differences of raw materials records and collects over 2 billion vnd of Tax arrears

VCN- The Branch established an Inspection Team to examine the actual existing amount of materials for finished paint production of importing materials for export production in the Company at the end of November 30, 2015 in the Company’s liquidation dossie
Illegal raw material export

Illegal raw material export

VCN- A person who is employed for 2 million vnd per month to work as a director, the other who cannot readorwrite fluently... “play”as CEO, are“looking for trouble” when they are involved in smuggling cases because they forgeddocuments to export illegall
VN imports $2b of animal feed

VN imports $2b of animal feed

Việt Nam has imported roughly US$2 billion of animal feed during the first eight and a half months of this year, down 6.2 per cent from the same period a year ago.
Avoiding checking the same enterprise many times for the same reason

Avoiding checking the same enterprise many times for the same reason

VCN- It was directed by the Deputy Director General of the General Department of Customs Nguyen Ngoc Anh at the meeting to implement inspection of the statement of using materials, materials processing and producing export goods.
VN shoemakers too reliant on imports

VN shoemakers too reliant on imports

​The MoIT is urging local footwear makers to further invest in support industries instead of depending excessively on imported raw materials
    Prev         Next    
Mobile Version