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Import/Export

Tien Sa Port eyes world-class status

Da Nang (VNA) The Da Nang Port JSC started the second phase of a project to expand Tien Sa Port on July 31, to make it a modern container port in the central region. When it is completed at an estimated cost of nearly 1.1 trillion VND (49.3 million USD) by …

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HCM City to launch many programs to promote exports

The HCMC Investment and Trade Promotion Center (ITPC) is launching many programs this year to help Vietnamese exporters tap new markets and overcome challenges, the director of the center said on January 28. Tu Minh Thien told the Daily on the sidelines of a conference of the HCMC Union of …

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Ho Chi Minh City’s exports up 8.8 percent

The Ho Chi Minh City’s exports in January increased by 8.8 percent to US$1,349 million compared to a year earlier. Of the total export value, the State-owned sector accounted for 53.1 percent (up 7.2 percent), the private sector, 20.6 percent (up 13.1 percent) and the foreign invested sector, 26.2 percent …

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New rice export mechanism in the pipeline

Policymakers, experts and businesses gathered in HCM City on November 14 to discuss ways to develop a complete system for trading and exporting rice, which is one of Vietnam’s strategic commodities. Deputy Minister of Industry and Trade Nguyen Thanh Bien, said the current mechanism has provided great support to businesses …

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Tariff preference granted on more than 1,000 imported commodities

The Ministry of Finance (MoF) has issued Vietnam’s special preferential tariffs under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) in the 2010-2012 period. Under the special preferential tariffs (issued together with Decree No 217), commodities from Australia, New Zealand, Brunei, Myanmar, and Singapore are allowed to ship directly to Vietnam …

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Restrict import of nonessential goods: PM

Prime Minister Nguyen Tan Dung on December 3 asked the Ministry of Industry and Trade to coordinate with authorities to restrict the import of nonessential goods and boost exports. Imports for the first 11 months of the year were estimated at US$10.4 billion, equivalent to 20.3 percent of the country’s …

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Export related website plugs in

Information on Vietnam’s market and 20,000 exporters is available for foreign traders via a new website, the Vietnam Export Portal (VNEX), officially launched Wednesday. The new English language site at: www.vnex.com.vn was built by the E-commerce and Information Technology Agency under the Ministry of Industry and Trade. It is grouped …

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Export turnover in January sees 28 percent increase

Vietnam’s export value reached US$4.9 billion, an increase of 28.1 percent against the same period last year, according to the General Statistics Office (GSO). The GSO attributed the increase in export value to contributions from the foreign direct investment sector with an export turnover of US$2.6 billion, representing a 32.9 …

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