Tags: import tax

Vietnamese exports to Italian market enjoy vast increase

Vietnamese exports to Italian market enjoy vast increase

VOV.VN - Vietnam’s exports to Italy have enjoyed robust growth during the first eight months of the year, a sharp increase of up to 29.1 per cent in comparison to the country’s export growth of 8.1 per cent, according to the General Department of Vietnam Customs.

First duty-free ASEAN cars arrive in Vietnam

First duty-free ASEAN cars arrive in Vietnam

Over 2,000 Honda cars from Thailand - the first batches of cars to enjoy zero percent import duty under the ASEAN Free Trade Agreement (AFTA) have been imported to Vietnam.

Auto firms ask to lower component import taxes

Auto firms ask to lower component import taxes

High import taxes on auto components and parts, packaging and logistics expenses are major reasons behind locally-assembled cars costing 10-20% higher than imports from Thailand and Indonesia.

Seafood exports benefit most from Vietnam-EAEU FTA

Seafood exports benefit most from Vietnam-EAEU FTA

Nearly 90% of tariff lines have been cut and reduced, with 59% abolished immediately as the Free Trade Agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) has taken effect since October 2016.

Gov’t might lift milk price cap

Gov’t might lift milk price cap

The State should eliminate price ceilings for milk products and control milk prices via input materials instead, experts said.

Local car market sees rise in Thai imports

Local car market sees rise in Thai imports

Thailand has become the leading exporter of automobiles to Vietnam in the first four months of this year, with 10,155 units, accounting for 35% of total car imports, according to the Vietnamese Ministry of Industry and Trade.

Thailand - top auto exporter to Vietnam

Thailand - top auto exporter to Vietnam

Thailand has become Vietnam’s leading automobile exporter in the first quarter of this year, with a volume of more than 7,800 units, a 64.5% increase compared with the same period last year.

Tyre bead steel to enjoy 0% import duty

Tyre bead steel to enjoy 0% import duty

Iron and steel used for tyre bead wire production will enjoy a preferential import tax rate of 0% t from May 2, the Ministry of Finance announced in a recent circular.

High prices hamper auto growth in Vietnam

High prices hamper auto growth in Vietnam

Automobiles which are priced higher in Vietnam than in regional countries is the reason for the sluggish development of the automobile industry, experts say.

Vietnam may halve prices of small imported cars from 2019

Vietnam may halve prices of small imported cars from 2019

The price of small imported cars may go down sharply in the next four years given the adjustment in taxes levied on them following the commitments of Vietnam to join multiple regional and international free trade agreements, local media reported, citing the information provided by the Tax Policy Department in a recent press meeting.

TPP to deal big blow to Vietnam livestock industry

TPP to deal big blow to Vietnam livestock industry

Minister of Trade Vu Huy Hoang fears the livestock industry will face the biggest challenge from the Trans-Pacific Partnership (TPP), which will eliminate import tax on meat that stands currently at 15-40%.

Automobile manufacturers’ preparation for 2018 deadline

Automobile manufacturers’ preparation for 2018 deadline

Vietnam based automobile manufacturers are deliberating continuing activities in manufacturing or shifting to importing CKD units before the deadline of 2018, when Vietnam fully opens its door to global trade by reducing import taxes to zero.