Instructions for applying customs regime when transferring materials from one contract to another

Instructions for applying customs regime when transferring materials from one contract to another

VCN - According to the guidance of the General Department of Customs, in case an enterprise transfers raw materials and supplies from one processing contract to another, the customs regime E54 should be used.
89 percent of imports raw materials for domestic production: Ministry

89 percent of imports raw materials for domestic production: Ministry

Up to 89 percent of the imports in the first four months of this year are raw materials and accessories for domestic production with a combined value of 106.6 billion USD, up 16.8 percent year-on-year, according to the Ministry of Industry and Trade.
Area of pangasius farming decreases, concerns about lack of raw materials for export

Area of pangasius farming decreases, concerns about lack of raw materials for export

VCN - It is expected that the pangasius farming area will reach more than 5,200 ha; commercial pangasius production will gain more than 1.7 million tons and export turnover will reach more than US$1.6 billion in 2022.
Remaining raw materials, supplies and processed products gathering dust

Remaining raw materials, supplies and processed products gathering dust

VCN – Current tax laws do not stipulate time limits for inventory or change of purpose for excessive material, supplies after production and excessive processed products after export.
Raw material prices increase, enterprises develop domestic sources

Raw material prices increase, enterprises develop domestic sources

VCN- According to the Vietnam Textile and Apparel Association (VITAS), most textile and garment enterprises have orders until the end of June, even until July and August.
Reduce import of raw materials to stabilize animal feed market

Reduce import of raw materials to stabilize animal feed market

VCN- In the first quarter of 2021, the total amount of imported feed products reached 5.4 million tons, equivalent to US$1.66 billion, up 3.94% in quantity and 5.53% in value over the same period in 2020.
Agriculture, aquaculture firms focus on growing their own raw materials

Agriculture, aquaculture firms focus on growing their own raw materials

More and more agriculture and aquaculture businesses are setting up their own farms rather than rely on imports for raw materials.
Completing policies to effectively manage mineral resources

Completing policies to effectively manage mineral resources

The Ministry of Finance will continue to review and evaluate the policy implementation and form to make recommendations to improve policies
Food industry changes drastically amid pandemic

Food industry changes drastically amid pandemic

VCN- Besides the initiative of businesses, State agencies have also made efforts to change support activities during the pandemic.
Seafood enterprises are angry with limitation of raw materials in certificate

Seafood enterprises are angry with limitation of raw materials in certificate

VCN- To remove difficulties for businesses, VASEP has reported obstacles and problems to the leader of the Ministry of Agriculture and Rural Development for handling.
A company was fined and collected tax arrears of nearly VND 50 billion

A company was fined and collected tax arrears of nearly VND 50 billion

VCN- At the end of 2019, the Post Clearance Audit Branch of Ho Chi Minh City Customs Department conducted a post clearance audit at the headquarters of G.P Garment Joint Stock Company under adecision of the Ho Chi Minh City Customs Department’s Director.
Businesses seek alternative sources of raw materials in face of COVID-19 threat

Businesses seek alternative sources of raw materials in face of COVID-19 threat

With the novel coronavirus (COVID-19) epidemic showing no signs of slowing down globally, many businesses located in Ho Chi Minh City have started to devise solutions aimed at overcoming the difficulties they face in maintaining production activities and
In March, raw materials run out and industrial production faces fear of "freezing"

In March, raw materials run out and industrial production faces fear of "freezing"

VCN - Industries including electronics, textile, garment and footwear only have raw materials enough for production until about the middle or end of March 2020.
Textile and footwear enterprises in short supply of raw materials

Textile and footwear enterprises in short supply of raw materials

VCN- According to Mr. Nguyen Van Khanh, General Secretary of Ho Chi Minh City Leather and Footwear Association, raw materials have always been a problem for the leather and footwear industry.
Firms look for alternative sources of raw materials as epidemic closes China market

Firms look for alternative sources of raw materials as epidemic closes China market

Vietnamese companies many of whom are facing a shortage of feedstock and raw materials as a result of the new coronavirus COVID 19 outbreak in China have started looking at alternative sources
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