Import/Export

Jean-Jacques Bouflet, Minister-Counsellor and Head of the Economic and Trade Committee of the EU Delegation to Vietnam stated that the European Union (EU) was a strong strategic partner of Vietnam in all fields from trade, investments to politics and culture. EU is also the second largest foreign market for Vietnam …

Many importers of fast-consuming goods like cosmetics, liquor, mobile phones and cars under nine seats are blasting the new import restriction policy which took effect last Wednesday and left them no time to prepare. According to the Decision No. 197/TB-BCT of the Ministry of Industry and Trade issued on May …

More of the world’s demanding markets are offering to buy Vietnamese rice, but it is not simple for the product to enter these markets. According to Vietnam’s commercial counselor in South Korea Le An Hai, in 2011 South Korea would import 347,658 tonnes of rice. To carve their names into …

The Ministry of Industry and Trade plans to raise the import tariffs in order to control the importation of luxury goods which still have been flocking to Vietnam in big quantities, despite efforts by the ministry to curb the trade deficit. The government established the goal of curbing the trade …

Vietnam needs cooperation and experience from marine powers in the world, especially the Netherlands and the seaport city of Rotterdam , said Deputy Prime Minister Hoang Trung Hai. Deputy PM Hai made the statement at a seminar in Hanoi on Mar. 29 on the Rotterdam seaport model – a potential …

Prime Minister Nguyen Tan Dung has requested the Hau Giang provincial People’s Committee to establish a rice storage system as soon as possible by eliminating any current obstacles. He told the local authorities to instruct relevant agencies to reach an agreement with the Vietnam Southern Food Corporation (Vinafood 2) on …

A pilot public-private partnership (PPP) legal framework, approved by the Vietnamese government last week, will bolster up private investment in local infrastructure sector. The issuance of the PPP legal framework will allow private investors, especially foreign investors, to push their infrastructure investment plans in Vietnam, said Dang Huy Dong, Deputy …

Vietnam’s trade deficit is estimated to have surged to US$3.51 billion in the first quarter of 2010, compared to the revised trade surplus of US$1.499 billion last Q1, the General Statistics Office said on March 26. The figure accounts for 25.05% of the country’s total export value and is US$910 …

The national project to produce and issue Vietnamese electronic passports will be implemented from 2011 by the Ministry of Public Security. The Office of the Government has issued a document delivering the Prime Minister’s conclusion on the project. Earlier, on February 24, the Government convened to hear about the important …

Vietnam revealed an export growth rate of 28.1 percent in January compared to a year ago due to the recovery of the global economy causing high export price, according to the Ministry of Industry and Trade. Among the export staples, machineries and equipment generated the highest growth, bringing in 210 …