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Vietnam’s new customs regulations rattle exporters

Local exporters have voiced concern over new customs regulations in Vietnam that require the submission of phytosanitary certificates for agricultural and livestock transshipments, arguing that they represent a significant barrier to trade. According to a circular issued by the Vietnamese Ministry of Agriculture and Rural Development, agricultural goods and livestock being shipped to a third […]

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Why Vietnam could be Asia’s biggest trade war winner

HANOI: In the race to lure companies looking for alternative sites amid the U.S.-China trade war, Vietnam wields a slew of advantages over its rivals. Vietnam was ranked No. 1 among seven emerging Asian countries as manufacturing destinations by Natixis SA, which looked at demographics, wages and electricity costs, rankings in doing business and logistics, and manufacturing as a share of […]

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Malaysia: AirAsia to set up operations in Vietnam

KUALA LUMPUR (Bernama) – AirAsia and Thien Minh Travel Joint Stock Company (TMG) have signed a Memorandum of Cooperation to set up a low-cost carrier service with local partners in Vietnam, said Group Chief Executive Officer (CEO) Tan Sri Tony Fernandes. He said yesterday’s memorandum reaffirmed the group’s commitment to set up the service in […]

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Vietnam’s customs revenue up 7.27% in Jan – Nov

The Hanoitimes – The revenue is equal to 100.42%% of estimation and meets 97% of the 2018 target. Vietnam`s customs revenue reached VND284.2 trillion (US$12.22 billion) in the first 11 months of 2018, equivalent to 100.42% of the estimation and up 7.27% compared to the corresponding period last year, according to the General Department of Vietnam […]

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Vietnam boosts regulatory reforms to fit new trade deal

The Hanoitimes – A recent review of the country’s legal documents showed that 265 legal documents must be reviewed, while seven laws will have to be amended to stay tuned with the CPTPP. Local authorities are expediting the reviewing and amending of the country’s laws to ensure compliance with the Comprehensive and Progressive Agreement for Trans-Pacific […]

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