Spending more than US$91 billion importing goods from China

Spending more than US$91 billion importing goods from China

China is the largest trading partner and the market where Vietnam imports the most goods.
How to reduce pressure to import raw materials for industrial production?

How to reduce pressure to import raw materials for industrial production?

Promoting the development of industries that produce input materials for other industries is one of the key considerations in industrial development in the coming period
Southern export enterprises seek to be self-sufficient in raw materials

Southern export enterprises seek to be self-sufficient in raw materials

VCN - According to the assessment of the Ministry of Industry and Trade, the ability to participate in regional and global value chains of Vietnamese industrial products is still very limited, mainly involved in processing and assembly with low added valu
The paradox of an agricultural country spending billions of dollars to import raw materials for animal feed

The paradox of an agricultural country spending billions of dollars to import raw materials for animal feed

VCN - Faced with the high price of animal feed due to the price of imported feed ingredients recently time, the Finance sector has made timely solutions to accompany and support enterprises and production households to reduce difficulties.
Seafood enterprises cope with difficulties in the second half of the year

Seafood enterprises cope with difficulties in the second half of the year

VCN - Seafood exports in the first half of 2022 grew impressively, reaching nearly US$6 billion. However, businesses are concerned about the scarcity of raw materials and rising costs in the last months.
Reason for price escalation of raw materials for animal feed in the first half of the year

Reason for price escalation of raw materials for animal feed in the first half of the year

Due to the escalation of the global price of animal feed, the price of raw materials, as well as animal feed in the first six months of 2022, increased compared to the same period in 2021.
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.
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