From the newest record of GSO, the export turnover for the first half of 2022 is over 710 million USD against import turnover in the total of both reached 317.17 billion USD.
Recently, the Ministry of Finance is gathering comments on a draft Decree promulgating Vietnam’s special preferential import tariffs to implement the ASEAN-China Trade in Goods Agreement for the period 2022-2027 (ACFTA). The Decree is expected to take effect from December 1, 2022.
In a recent report of Sea-intelligence, it estimate dozen billion dollars lost in the storage of goods either at port or factories’ warehouses due to the port congestion without calculating other factors.
Recently, Ho Chi Minh City (HCMC) Department of Transport proposed reduction fee levels to port users, after several efforts from different manufacturers, associations, and ports in Hochiminh city regarding the application of the…
After the first half-year of 2022, manufacturers are still worried about the congestion of container transportation regardless of the impact of covid-19 pandemic seems to be improved on most of the world. Why?
On 9th June 2022, The people committee of Thu Duc coordinated with the Department of Commerce and Industry and Hochiminh City Logistics Association (HLA) to organize a seminar on the Planning of logistics centers in Thu Duc city.
Foreign Investment Agency (FIA) statistics revealed that the Foreign Direct investment (FDI) in Vietnam disbursements rose 10 per cent year-on-year to US$6.75 billion in the first five months of 2018.
From January to May, FDI pledged in Vietnam totaled about $7.15 billion, an annual reduction of 31 per cent. Statistics also showed foreign investors had injected their capital in 17 industries and fields during the same period. The manufacturing and processing sectors attracted the lion’s share of FDI with $5.18 billion, accounting for 52 per cent of total investments.
Following China’s ban on import of plastic wastes from the EU, the US and Japan this year, these wastes have been sending to Southeast Asian countries, including Vietnam. But with consignees failing to claim shipments, the wastes are piling up at ports including in HCM City.