December 23, 2011
A Petrolimex gas station in Hanoi Economists suspect that Vietnam’s biggest fuel companies, particularly Petrolimex, may have deliberately reported huge losses and shifted profits to subsidiaries to evade tax. A recent inspection of major oil importers, including Petrolimex, found that they paid retailers, many of them its own subsidiaries, higher commissions than allowed and reported huge losses. [...]
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July 17, 2011
Expectations that lower global prices would benefit consumers have been belied A worker pumps petrol to a motorcycle at a gas station in Hanoi. Vietnam raised retail fuel prices in late March and has left them unchanged since. When the government decided in March that local petroleum prices will be adjusted in line with [...]
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July 5, 2011
Mobile phones can only be imported via one of three Vietnamese seaports Vietnamese authorities have stepped up inspections on incoming shipments of alcohol, cosmetics and mobile phones based on suspicion that traders have tried to circumvent new restrictions on the import of luxury items. The country’s anti-conterfeit and anti-smuggling agency has asked police and customs officials to investigate how the products are imported into [...]
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July 2, 2011
Visitors at the Vietnam AutoExpo 2011 show in Hanoi on June 22. Many small traders have stopped importing cars because they are unable to meet new paperwork requirements. A new import rule has put pressure on auto inventory in Vietnam as smaller dealerships find it impossible to bring in more cars. Many auto importers in [...]
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June 6, 2011
Vietnam has tightened controls over mobile phones imports. Vietnam’s Ministry of Industry and Trade said it is reviewing a new rule that tightens controls over alcohol, cosmetics and mobile phones imports, following concerns raised by foreign business groups. The rule, effective June 1, stipulates that the product groups can only be imported via one of [...]
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May 15, 2011
A new rule effective in June will tighten control over cell phone, wine and beauty product imports The Ministry of Industry and Trade has announced a new rule requiring all cell phone, wine and beauty product imports to go through one of three major seaports in Hai Phong, Da Nang and Ho Chi Minh City. [...]
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January 23, 2010
LookAtVietnam – Importers are complaining that they are having to wait too long to have clothing material cleared at ports, as examination agencies are under resourced. According to the Ministry of Industry and Trade’s Dispatch 32/2009, import garment products can only get customs clearance after they are examined by agencies to find formaldehyde and amines. The [...]
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January 22, 2010
LookAtVietnam – Contrary to all predictions, car prices have not increased as expected, even though the VAT has returned to 10 percent since January 1, 2010. Import car prices down A Toyota Camry imported from the US is now selling at $57,000, or $3,000 less than in December 2009. Most top models have unchanged prices compared with [...]
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January 13, 2010
Petrol distributors’ attempt to raise petroleum product prices by up to 500 dong per litre earlier this week has not been accepted as yet. Under the proposal made by a number of key petroleum importers and distributors, retail prices of petrol and oil products would rise by up to 500 dong per litre. Distributors said [...]
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January 7, 2010
LookAtVietnam – The biggest barrier hindering Vietnamese seafood exports to Russia is working out just how to receive payment. According to the seafood export management board by the end of December 2009, Vietnamese enterprises had exported 39,000 tonnes of tra fish to Russia reaping 64 million dollars, a decrease of 63 percent in comparison with [...]
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