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Promising future for rice exporters

Promising future for rice exporters

Vietnamese rice exports are expected to grow stronger by the end of the year after a brief lulling period, said Tran Van Cong, Deputy Director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development.

Doors to export markets narrow for steel manufacturers

Doors to export markets narrow for steel manufacturers

It has become more difficult to export steel products to large markets amid the strong rise of protectionism. Steel manufacturers have been advised to protect and exploit the domestic market, which is full of potential.

Domestic steel consumption drops strongly from May

Domestic steel consumption drops strongly from May

Domestic consumption of steel in June dropped 14.9%compared to May to 1,794,193 tonnes and production output also fell 1.25% month on month to 2,058,445 tonnes, according to the Vietnam Steel Association.

Foreign goods puts pressure on domestic businesses

Foreign goods puts pressure on domestic businesses

The adoption of a zero percent tariff from January 2018 among member countries of the Association of Southeast Asian Nations (ASEAN) will create opportunities for Vietnamese businesses to seek markets in the region, but competition in the domestic market will also become fiercer with the flood of imports from ASEAN region.

Footwear sector set to step up a level in 2018

Footwear sector set to step up a level in 2018

VOV.VN - Plenty of favourable factors in 2018 are seen as a boon for the footwear sector to get more orders, increase export market shares, and achieve set targets, according to the Vietnam Leather, Footwear, and Handbag Association (Lefaso).

Vietnam’s steel exports increase over 38%

Vietnam’s steel exports increase over 38%

Vietnam’s total steel exports in the first two months of the year rose 38.6% from the same period last year to more than 728,000 tonnes, according to the Vietnam Steel Association (VSA).

New regulations on import and export

New regulations on import and export

The Ministry of Finance has held a meeting to introduce changes in the list of Vietnam’s export and import goods as per Circular No 65/2017 / TT-BTC.

Mitsubishi Motors plots expansion in Vietnam

Mitsubishi Motors plots expansion in Vietnam

Mitsubishi Motors Vietnam affirmed it will inject more capital into its auto assembly facility in the country to expand production and made plans to sale electric cars despite lower tariffs on imported completely built-up units from the ASEAN.

China upset at high Vietnam tariffs on steel imports

China upset at high Vietnam tariffs on steel imports

VOV.VN - The Ministry of Industry and Trade has announced the imposition of a high border tax after concluding that cheap Chinese steel ingots and long steel products are flooding the Vietnamese market and causing irreparable harm to the segment.

Vietnam imports more cars as tariff reduced

Vietnam imports more cars as tariff reduced

As tariff decreases, Vietnam is importing more cars. Toyota Motor Thailand (TMT)'s car export to Vietnam rose by 15% last year, despite a 15% drop in its total car export, the company said in a recent press conference.

Tuna exports to EU on the rise

Tuna exports to EU on the rise

VOV.VN - Vietnam tuna exports to the EU is showing signs of recovery and upturn in the remainder of this year after several months of declines, hitting US$87.9 million in ten months, a year-on-year rise of 4.9%.

Cheap Chinese imports threaten local produce industry

Cheap Chinese imports threaten local produce industry

VOV.VN - Cheap imports of fruit and vegetables from China are a disquieting concern for the produce industry in Vietnam, as local actors find themselves unable to effectively compete with their Chinese rivals.

Paradox in steel production in Vietnam

Paradox in steel production in Vietnam

Though there has been an abundant supply of steel for construction, there is a serious shortage of steel for the supporting industry. That is reason why Vietnam has spent billions of dollar to import steel annually.

EU trade agreement to drive Vietnam's growth

EU trade agreement to drive Vietnam's growth

Developments in the agricultural sector are expected to proceed very quickly in Vietnam and a modern and professional sector will be seen within a couple years.

Quality inspections tightened for steel imports

Quality inspections tightened for steel imports

Imported steel must be sampled for quality inspection to be eligible for customs clearance, according to the Joint Circular No 44 issued by two ministries involved in the process.