Jun. 5 – Cambodia is set to open additional border crossings with Vietnam by next month to encourage more tourism and trade between the two countries. When the new border crossings are open it will allow more vehicles to arrive per day from the previous 150 to 500. The news was announced by Cambodia’s Minister[…..]
Jun. 1 – Vietnam’s first deep-water container terminal was inaugurated last Saturday in the southern province of Ba Ria-Vung Tau. The new SP-PSA International Port on the Cai Mep-Thi Vai River in Tan Thanh District will now make it possible for Vietnam to have direct shipping access to the U.S. market. “This is of great[…..]
May 20 – Vietnam’s Ministry of Finance has added thousands of goods on their list that qualify for a 50 percent cut on VAT rates until the end of the year. The list added knives and cutting blades used for machines or mechanical tools, welding rods, water tanks with a capacity of more than 300[…..]
May 19 – Singaporean shipper APL will begin weekly direct container shipping service between Vietnam and the western coast of North America on June 4. “This is the beginning of a new era for trade with Vietnam and marks its increased importance as a manufacturing and export center,” Eng Aik Meng, President of APL, told[…..]
May 14 – The country’s biggest apparel export market remains to be the United States despite its economy grappling with the current financial crisis. According to Vietnam Textile and Apparel Association (Vitas) secretary, Nguyen Son, apparel exports to the United States decreased by 4 percent during the first quarter while total export turnover to the[…..]
May 12 – Office and serviced apartment rentals have been dropping in Ho Chi Minh City during the first quarter of the year because of continuing weak demand brought by the economic downturn, reports real estate services firm CB Richard Ellis (CBRE). For Grade-A buildings, rents have plunged by 20 percent to an average of[…..]
May 11 – During a meeting with finance ministry officials, South Korean executives explained that Korean companies doing business in Vietnam can sometimes disregard new corporate tax and customs regulations because of misinterpretation. The deputy general director of Lotteria Vietnam, Dao Manh Ha, said that Korean firms generally respect Vietnamese laws but are sometimes confused[…..]
Apr. 17 – The Vietnam-Japan Economic Partnership Agreement will remove import tariffs on 2,586 Vietnamese goods by the middle of the year. The deal translates to major export opportunities for both countries. By 2019, import tariffs will be cut from 6,302 Vietnamese goods and 94.5 percent of Vietnam’s exports and 87.6 percent of Japan’s exports[…..]
Apr. 16 – The Ministry of Industry and Trade (MIT) has announced that certain garment products bound for export to the United States will need to apply for a Certificate of Origin at the Vietnam Chamber of Commerce and Industry (VCCI) starting May 24. The new regulation affects garment products in categories 338, 339, 340,[…..]
Apr. 8 – Vietnamese businesses are facing overseas anti-dumping lawsuits that may lead foreign investors to shift orders to other countries.
Just this month, PE plastics bags imported from Vietnam was sued by the U.S. companies Hilex Poly Co., LLC and Super Corporation for anti-dumping. India also imposed the highest anti-dumping tax rate on fibre imported from Vietnam, China and Thailand.
Vietnamese companies were similarly sued by the Canadian Association of Shoe Producers for exporting soles to the country. There is also the Brazilian shoes industry group, Abicalcado, who petitioned an anti-dumping investigation against shoes coming from Vietnam.