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Vietnam: MoF proposes cut in some fees, charges

HANOI — 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) […]

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Vietnam to make customs reform

HANOI — 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 […]

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Vietnam: Vingroup diversifes into carmaking

HANOI: 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 […]

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Vietnam: August retail sales in huge surge

HANOI — 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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