HANOI — Importing used cars with nine seats and less will become harder if a proposal to raise used car tariffs is approved by the Government. In fact, the proposed import tax rate is double its current level and would make used cars more expensive than new ones. The draft was recently issued by the […]
Read MoreHANOI — The Ministry of Finance (MoF) has drafted a few adjustments to charges and fees in several sectors under its management. In a draft circular amending Circular No 286/2016/TT-BTC, the ministry has proposed to reduce the fee for the issuance of export food certificates, at the request of the importing country, from VND350,000 (US$15.5) […]
Read MoreHANOI – Commercial banks will be allowed to trade and provide foreign exchange services related to the casino business from next month. This information was stated under Circular No10/2017/TT-NHNN on the management of foreign exchange for the casino business, which will come into effect from October 15 this year. Casino business is a conditional business […]
Read MoreHANOI — The Global Alliance for Trade Facilitation (GATF) will help Vietnam to establish a customs bond system – part of the country’s efforts to modernise and reform administrative procedures relating to import and export. The GATF and the Vietnam Private Sector Forum (VPSF) launched their joing project on customs bond last Friday, aimed at […]
Read MoreHANOI: Vietnam’s leading property developer, Vingroup, has begun construction of an automobile factory in a project worth between US$1 billion and $1.5 billion in the first phase. The project is part of Vingroup’s expansion plan into heavy industry, its vice-chairman was quoted as saying in a statement, following similar moves in other major sectors such […]
Read MoreHANOI — Vietnam’s total revenue from retail sales and services reached VND2.58 quadrillion (US$114.7 billion) in the first eight months of this year, a year on year increase of 10.3 per cent, reported the General Statistics Office (GSO). The figure amounted to an 8.9 per cent increase, excluding the price factor, the highest rise recorded since […]
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