December 3, 2011
Vietnam’s garment and textiles industry benefits from preferential tariffs in the ASEAN-Korea Free Trade Agreement. A bilateral free trade agreement between Vietnam and South Korea expected next year should save Vietnam from paying more Korean taxes, a Korean official said Tuesday. Â The two countries are expected to negotiate an agreement early next year, after [...]
Tags: agreement, ASEAN, Asean Korea, Asean Korea Free, Asean Korea Free Trade, Free Trade, Free Trade Agreement, goods, Korea, Korea Free, Korea Free Trade, Korea Free Trade Agreement, Korean, Next Year, percent, South, South korea, tariffs, The Asean, The Asean Korea, The Asean Korea Free, The Korea, trade, Trade Agreement, Vietnam
Posted in Business | Comments Off
November 23, 2011
The Vietnamese auto industry still has a chance to grow, an official says Falling import tariffs on cars will give local automakers a tough time in the next few years, and some may have to quit the business, said Le Duong Quang, deputy minister of trade and industry. “The car market has and will see [...]
Tags: Auto Companies, Auto Industry, Auto Industry Still, Auto Industry Still Has, companies, competition, import, Import Tariffs, industry, Industry Still Has, Ldquo, Local, Quang, Rdquo, tariffs, The Competition, The vietnamese, The Vietnamese Auto, The Vietnamese Auto Industry, Vietnam, Vietnamese, Vietnamese Auto, Vietnamese Auto Industry, Vietnamese Auto Industry Still
Posted in Business | Comments Off
November 14, 2011
A car factory of Truong Hai, a member of the Vietnam Automobile Manufacturers' Association. The Vietnam Automobile Manufacturers’ Association is opposing a ministeral decision that allows local car maker Hyundai Thanh Cong to import auto frames at lower tariffs than usual. According to the association, also known as VAMA, the Ministry of Science and Technology [...]
Tags: 20 Percent, Association, Automobile manufacturers, Car Maker, Hyundai, Hyundai Thanh, Hyundai Thanh Cong, import, Local Car, Of Truong Hai, percent, tariffs, Tax rates, Thanh, Thanh Cong, The association, The Association Said, The vietnam, The Vietnam Automobile, The Vietnam Automobile Manufacturers, Truong hai, Vietnam, Vietnam Automobile, Vietnam Automobile Manufacturers
Posted in Business | Comments Off
November 12, 2011
Auto industry insiders say authorities have given an unfair tax advantage to Hyundai Thanh Cong, allowing the car maker to import whole frames at low tariffs applicable only to separate components. According to Hyundai Thanh Cong, which assembles and imports models of the South Korean car maker Hyundai, the company was allowed to import [...]
Tags: Authorities, Auto Industry, Car Frames, Car Maker, company, Component Sets, Components, Frames, Hyundai, Hyundai Thanh, Hyundai Thanh Cong, import, industry, Its Factory, Korean, Ldquo, Local, maker, ministry, Of Science And, Of Science And Technology, percent, Rdquo, Science And Technology, South Korean, tariffs, Tax rates, Thanh, Thanh Cong, Thanh nien, The company, The Imported, The local, The ministry, To Hyundai Thanh, To Hyundai Thanh Cong, To Import The, Which Assembles
Posted in Business | Comments Off
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 [...]
Tags: According, City said that, company, Da Nang, Da Nang City, Deputy director, director, export, exports, Exports Value, Farm Produce, General director, Japan, Nang City, Of Farm Produce, Of The Total, Of The Zero, On Farm Produce, Orders From Japan, percent, produce, products, Quang, seafood, Takes Effect, tariff, tariffs, Tax Lines, The company, The Different, The total, The Zero, To Japan Because, trade, value, Vietnam, VJEPA
Posted in Business, News | Comments Off
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 [...]
Tags: 000 Tons, Average, Barrel, Crude, Crude Oil Prices, Crude Prices, Crude-oil, Delivery, demand, impact, import, Million tons, Oil Prices, Oil Product, Oil Products, percent, Platts, prices, product, products, tariff, tariffs, Tax Structure, The new, The Tariff, This year, Vietnam, Wti Crude
Posted in Business, News | Comments Off
January 1, 2010
A regional free trade pact that has just taken effect will promote exports and build on complementarities in the trade and investment relationship between Vietnam and Australia, the Australian Embassy in Hanoi has said. The ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), effective January 1, will reduce or eliminate tariffs across a region that is home [...]
Tags: 2007 08, Aanzfta, agreement, Agreement Australia, ASEAN, Asean Australia, Australia, exports, Free Trade, Free Trade Agreement, Free Trade Pact, New zealand, percent, tariffs, The Agreement, trade, Trade Agreement, Trade Pact, Vietnam
Posted in News, Politics | Comments Off
December 27, 2009
LookAtVietnam – Agricultural officials and farmers have criticised a decision to increase import tariffs on raw materials for animal feed from next month. The Ministry of Finance has published a circular saying tariffs on such goods as maize, corn, soybeans and powdered fish will rise between 5 to 15 per cent.The decision aims to reduce [...]
Tags: 15 Per, 15 Per Cent, Animal Feed Association, Animal-feed, Association, decision, Farmers, Feed Association, For Animal Feed, goods, import, Import Tariffs, increase, Lich Said The, materials, month, Per cent, Per Kilo, price, Price Hike, Raw materials, Raw Materials For, Stock Feed, tariffs, The Decision, The ministry, The Upcoming, Viet Nam
Posted in Business, News | Comments Off
December 10, 2009
LookAtVietnam – Finance Ministry inspectors have found that the localization strategy on which Vietnam has put high hopes has fallen far short of its goals. Most major dailies carried stories December 10 reporting the findings of a Finance Ministry inspection of six foreign-controlled plants that assemble automobiles for the Vietnamese market. The data in this [...]
Tags: accounts, allowed, Assembled, Auto Joint, Auto Joint Ventures, Automobile, Automobile industry, Automobile Joint, Automobile Joint Ventures, Average, Car parts, Car Parts And, content, costs, countries, expenses, Five Percent, found, Found Out That, Government, Government Agencies, Have Found, Have Found Out, Have Found Out That, Higher Than The, Honda Vietnam, import, imported, Imported Car, Imported Car Parts, Imported Car Parts And, In Other Countries, In The World, In Vietnam Was, incentives, industry, Inspectors, Inspectors Found, Inspectors Have Found, Inspectors Have Found Out, Japanese Experts, joint, Joint Ventures, Joint Ventures Were, Local, Local Content, Localization, Localization Ratio, manufacturers, Model Was Sold, Money Spent, November 2008, Of Japanese Experts, Of The Cars, Of The Total, Other countries, parts, percent, Phong, prices, production, ratio, Same Model, Same Model Was, Same Model Was Sold, Seven, Seven Percent, Six Foreign, Six Joint, Six Joint Ventures, strategy, tariffs, Tax incentives, Than The Allowed, The Allowed, The Auto, The Auto Joint, The Auto Joint Ventures, The Average, The car, The Cars, The government, The Inspectors, The Inspectors Have, The Inspectors Have Found, The Localization, The Localization Ratio, The Parts, The Same Model, The Same Model Was, The Six, The Six Joint, The Six Joint Ventures, The tax, The Tax Incentives, The total, The world, Tien phong, total, Toyota, Toyota vietnam, ventures, Vietnam, Vietnamese
Posted in In depth, Reports | Comments Off
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’ . . [...]
Tags: &ndash, An Indicative Tariff, Car Dealers, Car Importer, Circular 216, cylinder, Cylinder Capacity, dealers, decision, Decision 69, decrease, finance, Finance Ministry, Has Stressed, Indicative Tariff, ministry, Models, Of Finance Has, Of The Finance, Of The Finance Ministry, On Used Cars, Seats, Stipulated, Stressed, tariff, Tariff Decrease, tariffs, The Decision, The Finance, The Finance Ministry, The ministry, The Tariff, The Tariffs, The Tariffs Will, Used Cars, Used Cars And
Posted in Business, News | Comments Off
