The export tariff for gold or silver products has been reduced from 1% to 0%, according to a recent Government decree.
Despite mounting challenges from tariffs and logistics, Vietnamese exporters to the US can still 'turn the tide' by understanding market demands and adopting effective cost-optimisation solutions, experts say.
The Ministry of Agriculture and Environment has set a target for the agro-forestry-fishery sector to grow by at least 4% in 2025, with export turnover expected to reach US$65 billion, striving for US$70 billion.
Over the past years, free trade agreements (FTAs) have proved effective in promoting Vietnam’s exports.
The General Department of Vietnam Customs has issued documents to guide the customs departments of provinces and cities to effectively enforce the UK-Vietnam Free Trade Agreement (UKVFTA) and related documents.
The Ministry of Finance (MoF) has just proposed to increase export tax on gold products of less than 95% purity to 2% from 0%.