The Ministry of Industry and Trade (MoIT) has extended the application of measures to prevent evasion of safeguard duties against imported rolled steel and steel wire until March 21, 2023, according to the ministry’s Trade Remedies Authority of Vietnam.
As many as 30 medical equipment manufacturers were fined nearly 65 million VND (2,800 USD) for violations in trading medical supplies serving the fight against the novel coronoavirus disease (COVID-19) on February 15.
Among Vietnamese, there is no need for foreign language as means of communication, said the trade ministry.
‘Made in Vietnam’ products are required to have a localisation rate of 30 per cent and be partly produced in Vietnam.
In addition to having a localization rate of 30%, made-in-Vietnam products are required to be partly produced in Vietnam, not just basic processing.
The Ministry of Industry and Trade (MoIT) has proposed not to suspend the imports of cryptocurrency mining machines (HS code 8471.80.90) in order to ensure the production and business activities of enterprises.
Local customs departments will have to tighten their inspection of LCD product codes to avoid tax losses, as electronics firms have recently been tagged with tax arrears of VND481.68 billion (US$21.89 million) due to incorrect declarations of tax codes.