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Vietnam remains reliant on machinery, equipment from China

Vietnam remains reliant on machinery, equipment from China

Vietnam relies heavily on imported machinery and equipment from China, and experts are worried the country might become a landfill of outdated technologies, urging measures to tighten the import of second-hand machinery and equipment.

Cassava exports to RoK sharply rise

Cassava exports to RoK sharply rise

Vietnam’s exports of cassava and products made from cassava to the Republic of Korea (RoK) hit nearly 82,000 tonnes worth US$24 million in the first 10 months of 2018, up 18.9% in volume and 52.6% in value against the same period last year.

RoK hungry for Vietnamese garment

RoK hungry for Vietnamese garment

Vietnam expects to continue growth of textile and garment exports to the Republic of Korea (RoK) by the end of the year after strong results in the first seven months of 2018, according to the General Department of Customs.

Vietnam to get customs bond system

Vietnam to get customs bond system

The Ministry of Finance will collaborate with relevant ministries and agencies to review legal regulations to establish a customs bond system to facilitate customs clearance in Vietnam in the 2018-2019 period.

Ministries urged to remove 49% foreign cap

Ministries urged to remove 49% foreign cap

The Prime Minister’s working group has asked the ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49% at enterprises where foreign investment is not restricted.

Automated customs to roll out nationwide

Automated customs to roll out nationwide

The automated customs system is expected come into operation at all seaports and airports by the end of the third quarter of 2018, according to the General Department of Customs.

Vietnam's paper imports up last year

Vietnam's paper imports up last year

Vietnam imported US$682.1 million worth of paper products last year, a year-on-year increase of 10.86%, reported the Vietnam General Department of Customs.

January trade value surges year on year

January trade value surges year on year

Vietnam’s export-import value reached US$38.3 billion in January – up 39.9% compared to a year earlier but down 3.1% compared to December 2017, according to the General Department of Customs.

Petrol imports climb 3.5% in January

Petrol imports climb 3.5% in January

Petrol imports totalled 900,000 tonnes, worth US$552 million in the first month of the year, up 3.5% in volume and 10.9% in value year on year, according to the General Department of Customs.

Coal exports surge in four months

Coal exports surge in four months

Vietnam’s total coal export volume in the first four months of the year surged five times from the same time last year to more than 544,000 tonnes, according to statistics from the General Department of Customs.

Customs sector moves to shorten clearance time

Customs sector moves to shorten clearance time

The General Department of Customs has said that the sector will continue reducing customs clearance time for exports and imports and simplifying administrative procedures, thus saving costs in this field.