Tuesday , October 23 2018
Breaking News

Vietnam

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Vietnam to ratify Pacific trade pact next month

vietnam-an-export-based-manufacturing-economy-said-lawmakers-would-ratify-the-deal-next-month-1539868009234-2

HANOI: Vietnam said on Thursday (Oct 18) it will ratify a sprawling Pacific trade pact that US President Donald Trump pulled out of last year, calling the deal a “disgrace” for American jobs. The 11 remaining countries agreed to push ahead with a watered-down version without the world’s largest economy, rebranding the pact as the CPTPP (Comprehensive and Progressive Agreement ... Read More »

Border residents join smuggling foreign currency and goods

thutucMC90134618PM

QUẢNG NINH: Customs officials at Móng Cái Border Gate in the northeastern province of Quảng Ninh have seen their efforts to fight to smugglers hamstrung by border residents engaging in the illegal trade. Head of the province Customs Department Bùi Văn Khắng told Hải Quan (Customs) newspaper that smugglers disguised themselves as border residents to carry goods and money between ... Read More »

VN rice exports reaches new heights

gao50665333PM

HÀ NỘI — Rice production and exports has shifted towards quality and added value, promoting safe production and applying high technology while organic agriculture has been given special attention for development. That was the message from Deputy Prime Minister Vương Đình Huệ delivered at the 10th World Rice Conference held in Hà Nội on Thursday. Huệ said agriculture and rural ... Read More »

After 30 years, FDI still pays dividends for VN

SebastianEckardt-WorldBank39660539PM

It has been 30 years since Việt Nam promulgated the Law on Foreign Investment on December 29, 1987. This was an important milestone that made it possible for Việt Nam to open up its economy and integrate with the world. Many global leading companies have entered Việt Nam, such as Coca-cola, Intel, Canon, Samsung, Toyota, FedEx and others. More importantly, ... Read More »

Vietnamese student charged with drug smuggling at Australian music fest

67897703x2940x627-1537953297-9526-1537953885_680x0

A Vietnamese student is facing jail term for supplying drugs at an Australian music festival where two people died of suspected overdose. Vo Dang Khoa Phan, 22, pleaded guilty of delivering drugs to Defqon. 1, a music festival near West Sydney, at a trial on Tuesday. The U.K.-based news website Daily Telegraph reported that Phan has been granted bail and ... Read More »

ADB lowers Vietnam 2018 growth outlook as US-China trade spat lingers

ADB

HANOI: The Asian Development Bank (ADB) said on Wednesday it had lowered its 2018 economic growth forecast for Vietnam to 6.9 percent from 7.1 percent projected previously, partly due to an ongoing trade friction between the United States and China. Vietnam, one of the fastest growing economies in Asia, has an open economy that is heavily reliant on exports, while ... Read More »

Vietnam investigating China’s detention of Vietnamese girl for ivory smuggling

ivory-1526609441_680x0

Vietnam said it is looking into the detention of one of its minor citizens by Chinese authorities for smuggling ivory accessories, and will take protection measures if necessary. The Consulate General of Vietnam in Nanning is contacting the Chinese authorities to learn more about the incident and their approach in handling it, Vietnam’s foreign ministry spokesperson Le Thi Thu Hang ... Read More »

3,000 cases of smuggling, fake goods in City in 2018

hg06273527645752PM

HCM CITY: The HCM City Market Management Department carried out 10,560 raids in the first half of the year and uncovered 3,037 cases of smuggling, trade fraud and fake goods. Nguyễn Văn Bách, deputy head of the department, said fines of over VNĐ63.5 billion (US$2.8 million) were collected from 2,211 offenders, a year-on-year fall of 20.5 per cent in the ... Read More »

China Finding Vietnam a Demanding Business Partner

58D15840-A1C3-43E5-92BB-3A1EE27D5E60_cx5_cy14_cw93_w1023_r1_s

China is finding Vietnam to be a tough partner as Chinese firms try to do more business with the long-time political rival along its southern border. Vietnam’s legislature, faced with public protests, has put off until May 2019 a bill that would let Chinese and other foreign investors use special economic zones. The government in Hanoi also warns against taking ... Read More »

WEF ASEAN 2018 to present new business opportunities in Vietnam

c846c1deade4981b023c958753f31a46

NDO/VNA – The World Economic Forum on ASEAN (WEF ASEAN) 2018, which is scheduled to take place in Hanoi from September 11 to 13, will present attendees with new business opportunities in Vietnam. The Vietnam Chamber of Commerce and Industry (VCCI) held a press conference on the event in the capital on August 30. Prime Minister Nguyen Xuan Phuc and ... Read More »

Cigarette smuggling persists

de187e080d2402544a2b8119178841b4-1

HCM CITY: Cigarette smuggling has caused a loss of thousands of billions of Vietnamese đồng each year for the state, according to figures released by the Việt Nam Tobacco Association at a symposium held yesterday (July 23) in Cần Thơ. The tobacco industry contributes around VNĐ20 trillion (US$864.76 million) to the State revenue annually, and has created jobs for millions ... Read More »

Vietnam investigating China’s detention of Vietnamese girl for ivory smuggling

ivory-1526609441_680x0

The 13-year-old girl was caught crossing the border with 4.4 pounds of ivory necklaces and rings. Vietnam said it is looking into the detention of one of its minor citizens by Chinese authorities for smuggling ivory accessories, and will take protection measures if necessary. The Consulate General of Vietnam in Nanning is contacting the Chinese authorities to learn more about ... Read More »

Đồng Nai’s export surplus half of country’s total

DNdongnai10130350PM

ĐỒNG NAI — Đồng Nai’s export surplus in the first seven months of the year was US$1.6 billion, which made up half of the country’s total. Đồng Nai is among the country’s top five exporting cities and provinces, with a consistently high export surplus, according to the province’s Department of Industry and Trade. The province has around 50 products with ... Read More »

Vietnam sentences Russian woman to life in jail for smuggling cocaine

Russian-1525481605-5249-1525482059_680x0 (1)

She was busted with five pounds of the drug when transiting for a flight from Brazil to Laos. A court in Ho Chi Minh City sentenced a Russian woman to life imprisonment on Friday for smuggling cocaine through Vietnam, sparing her capital punishment as her lawyer defended that she was just a victim. Maria Aleksandr Dapirka, 32, narrowly escaped death ... Read More »

3 Lao arrested for smuggling drugs to Vietnam

drugs_HGTC

Border guards of Vietnam’s northern Dien Bien province in coordination with Laos’ relevant agencies detained three Lao men for trading and transporting lab-made drugs from Laos to Vietnam, provincial border guards said. In addition to arresting the trio aged 33, 49 and 53 respectively, who are members of a ring that traded and stored drugs in Laos and then sold ... Read More »

Vietnam rejects Grab expansion request

Grab App

Vietnam’s Transport Ministry has ordered GrabTaxi Vietnam Co Ltd to halt a planned expansion; the company will only be permitted to grow within the five localities in their pilot programme. The five localities are Hanoi, HCMCity, Khanh Hoa, Da Nang and Quang Ninh. The move came after the company submitted a request to broaden their business in localities including Ninh ... Read More »

VN, Luxembourg FMs review bilateral ties during talks

phambinhminh99492044PM

HÀ NỘI – Deputy Prime Minister and Foreign Minister Phạm Bình Minh and Minister of Foreign and European Affairs of Luxembourg Jean Asselborn reviewed the development of bilateral ties during their talks in Hà Nội yesterday. Deputy PM Minh thanked Luxembourg for its strong commitments to development cooperation programmes in Việt Nam and welcomed the establishment of Luxembourg’s Honourary Consulate ... Read More »

Vietnam protesters clash with police over new economic zones

_101964039_tv047349590

Demonstrators clashed with police in Vietnam in protests against plans for new economic zones that some fear will be dominated by Chinese investors. Police reportedly detained more than a dozen people in the capital Hanoi and halted demonstrations in other cities. Some carried anti-China banners, including one reading: “No leasing land to China even for one day.” The government proposed ... Read More »

Vietnam’s Aviation Industry Continues its Growth Momentum

Vietnam-aviation-industry-300x230

Vietnam is one of the fastest growing aviation markets in the world, growing by 17.4 percent in the last decade, which was driven by a rise in domestic and foreign travelers as well as the emergence of low-cost carriers. However, this rapid growth has started to put a strain on the airport infrastructure. The government has started to invest in ... Read More »

Malaysia’s Berjaya unit may lose US$10mil in Vietnam’s biggest fraud case ruling

corporatenews

HANOI: A Vietnamese court is set to make a key ruling in the country’s biggest-ever fraud case, in a trial that has spotlighted Vietnam’s ability to tackle financial crime at a time when foreign banks are heeding government calls to invest. The Ho Chi Minh City People’s High Court is expected to rule by Tuesday on whether to uphold a ... Read More »