Tag: imports
Vietnam to impose VAT on express-imported goods under US$40
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.
Vietnam racks up trade surplus of US$24.77 billion in 2024
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).
A glance at major socio-economic indicators in 2024
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.
Greater efforts to be made for stronger cooperation with Europe-America market
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.
Vietnam ends tax-free status for low-value imports sent via express services
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.
Vietnam imports US$33 billion of computers, electronics from China
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 launches anti-dumping investigation on nylon yarn imports from Vietnam
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 export sets new record in 2024, but 2025 expected to be tough
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.
Import turnover for computers and electronic products hits US$100 billion mark
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.
EU increases pesticide residue checks for imported Vietnamese durian
VOV.VN - The European Union has decided to increase pesticide residue checks at border gates for Vietnamese durian exported to the bloc to 20%, up 10% from the previous rate.
