June 14, 2011
Vietnam is expected to have a steel surplus of around 3 million tons in 2011 The government has asked the Ministry of Finance to review a proposed 3 percent export tax on steel products following objections raised by an industry group. The ministry’s tax policy department suggested the new export tariff late last month in [...]
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April 25, 2011
New power pricing rule only a first step in market liberalization, analysts feel An electrician installs meters on an electrical pole in downtown Hanoi. Vietnam raised electricity rates by about 15 percent in March. A new rule that allows electricity prices to be changed several times a year can spur investment and help ease [...]
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February 5, 2010
VietNamNet Bridge – With VJEPA taking effect, more than 800 farm produce and seafood items will be able to ‘enter’ Japan with the zero percent tariff. According to the Vietnamese Commercial Affairs Division under Vietnamese Embassy in Japan, Vietnam has the opportunities to export to Japan because of the differences in crops, and especially, the [...]
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January 29, 2010
Hong Kong paper hails Vietnam’s return to int’l bond market; Foreign tourists to Vietnam up 20 percent in January; The industrial production value has been estimated at VND 62.8 trillion in January, only as much as 95.4% of the figure in the previous month, but a year-on-year increase of over 28%. Of the above-said figure, the [...]
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January 27, 2010
Vietnam has narrowed the prices used to calculate oil product import tariffs by switching to a Platts 30-day average of Singapore WTI crude oil prices, a move traders said would not immediately impact demand. The Platts spread is $45 to $95 a barrel, compared to tariffs in place since last April based on crude oil [...]
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December 25, 2009
LookAtVietnam – Vietnamese shoemakers may now face collapse due to a new decision on extending anti-dumping tariffs for 15 more months. Diep Thanh Kiet, deputy chairman of the Vietnam Leather and Footwear Association, said that together with the removal of GSP, the tax extension has dealt a double blow to Vietnam’s shoes industry, which employs [...]
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November 23, 2009
LookAtVietnam – Vietnam’s car dealers are perplexed by a newly-promulgated import tariff on used cars that seems to roll back the rates to 2006 levels. Circular #216 signed by Deputy Minister of Finance Do Hoang Anh Tuan on November 12 says that beginning January 1, 2010, ‘passenger-carrying vehicles with less than 15 seats’ . . [...]
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November 17, 2009
LookAtVietnam – It is very likely that Vietnam will escape from the anti-dumping tariff on shrimp after the review to be held in early 2010. Kenneth J. Pierce, a US lawyer, predicted at a workshop held in HCM City on November 15 that a sunset review of anti-dumping duties on Vietnam’s frozen shrimp may end [...]
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November 16, 2009
LookAtVietnam – MOIT has submitted a plan to PM to choose the 6-9 seater MPV with cylinder capacity of less than 1.5L as the strategic car line. Toyota’s Innova 2.0LAfter a lot of arguments among automobile manufacturers on which vehicles should be chosen as the strategic vehicle to be given priority for development in Vietnam, [...]
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October 30, 2009
LookAtVietnam – More products sourced from Japan are appearing but while the quality is good they’re still too expensive for most local consumers. People hoped that with the Vietnam-Japan Economic Partnership Agreement (VJEPA) which took effect as of October 1, 2009, they would be able to purchase made-in-Japan products at lower prices thanks to the [...]
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