The Government and its members, and leaders of ministries and localities commit to successfully completing all tasks set for 2025, Prime Minister Pham Minh Chinh affirmed at a conference held in Hanoi on January 8 to review the Government and local administrations’ performance in 2024 and launch tasks for 2025.

Starting February 18, the value-added tax (VAT) exemption for imported goods valued under VND1 million (approximately US$40) sent via express delivery will officially be discontinued.

VOV.VN - Vietnam posted a trade surplus of US$24.77 billion last year, with total import and export reaching US$786.29 billion, up 15.4% compared to the previous year, according to details given by the General Statistics Office (GSO).

VOV.VN - 2024 saw Vietnamese economy record positive outcomes as the gross domestic product (GDP) grew by 7.09%, whilst foreign arrivals to the country surged by 39.5% on-year.

The European-American Market Department under the Ministry of Industry and Trade (MoIT) will continue keeping a close watch on the situation and policy changes in countries in the region, while intensifying policy, market research and exploring opportunities to boost economic-trade cooperation.

From February 18, 2025, Vietnam will end import duty and VAT exemptions for goods valued under VND1 million(US$40) sent via express delivery, under a new government directive.

VOV.VN - In 2024, Vietnam’s imports of computers, electronics, and components surpassed US$100 billion for the first time, with nearly one-third sourced from China, amounting to over US$33 billion, according to the General Department of Customs.

India’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into nylon filament yarn imported from China and Vietnam, the Trade Remedies Authority of Vietnam reports.

Rice exports set new records in both volume and value in 2024 but the commodity is expected to face a difficult year ahead as India lifted its ban on non-basmati white rice exports in September, which will push up global rice supplies next year.

VOV.VN - In less than 12 months this year, Vietnam’s import turnover for computers, electronic products, and components has exceeded US$100 billion, the highest since 2013, according to the General Department of Vietnam Customs.