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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 rejects VAT tax cut call from taxi firms

Vietnam taxi - VAT tax

HANOI: The Vietnamese authorities have rejected a call from local taxi firms to slash the amount of VAT they pay from 10 percent to five percent. The Ho Chi Minh City Taxi Association had requested the cut in an attempt to mitigate the impact that ride-sharing apps such as Uber and Malaysia-based Grab (which pay a reduced rate of VAT) ... Read More »

Vietnam, Netherlands eyes to boost bilateral ties

NETHERLANDS-VIETNAM

HANOI: Vietnamese Minister of Agriculture and Rural Development Nguyễn Xuân Cường met the Netherlands’ visiting deputy agriculture minister Marjolijn Sonnema to discuss co-operation opportunities between the two countries. Cường said it was a good decision for the two countries to have become strategic economic development partners in 2014. The focus of bilateral co-operation on selection of food and nutritional security ... Read More »

Vietnam drug smugglers sentenced to death

Heroin

HANOI: A court in Vietnam has sentenced nine among 23 drug smugglers to death on charges of “illegal drug dealing, illegal possession of military weapons and no denunciation of crimes”, a media report said. At the first instance trial that started off on February 27 and concluded on Tuesday in People’s Court of the country’s Hoa Binh province, the 23 ... Read More »

Ban affects Vietnamese dragon fruit exports

Vietnamese dragon fruit

HANOI: Soon after Vietnam announced a decision to suspend the import of five agricultural commodities from India, due to concerns over infectious insects, India decided to halt the import of six Vietnamese agro-products, namely dragon fruit, cassava and other products. According to Nguyen Mai Oanh, deputy chair of the Vietnam Pepper Association (VPA), India is Vietnam’s third largest market, after ... Read More »

Vietnamese Customs confiscates two guns at  Tan Son Nhat airport

Vietnam - custom

HANOI: Vietnamese Customs officers at Ho Chi Minh City’s Tan Son Nhat airport have seized two guns in the luggage of a passenger arriving Sunday from Hong Kong, local newspaper reported. The guns were hidden among personal belongings of a 42-year-old Vietnamese man, who was detained for further investigation, the newspaper said. Vietnam bans civilian ownership of guns since 2006 ... Read More »

Vietnam called on the Australian government to reconsider the ban

Vietnam shrimp export

HANOI: Vietnamese shrimp exporters are facing losses and could go bankrupt following Australia’s ban on imports of the crustacean, aimed at preventing white spot syndrome, a Vietnamese government official was quoted as saying. Australia, which imports 30 percent of its shrimp from Vietnam, put the six-month ban in place in January this year. “The order to suspend imports of uncooked ... Read More »

Vietnam’s agri imports increase by 55%

imports increased

HANOI: Vietnam’s import of vegetables and fruits saw strong growth in the first two months of 2017, especially from Thailand and China. Vietnam spent US$164 million on the import of vegetables and fruits in the first two months of this year, a year-on-year increase of 54.7 percent, the General Department of Customs said. Most imports were from Thailand, which accounted ... Read More »

Vietnamese vegetables, fruits imports increase in Jan-Feb 2017

frutas_y_verduras_caja

HÀNỘI: Vietnam’s import of vegetables and fruits saw strong growth in the first two months of 2017, especially from Thailand and China. Vietnam spent US$164 million on the import of vegetables and fruits in the first two months of this year, a year-on-year increase of 54.7 per cent, the General Department of Customs said. Most imports were from Thailand, which ... Read More »

Vietnam Ministry of Finance rejects VAT cut proposal

Vietnam Ministry of Finance rejects VAT cut proposal

HÀNỘI: The Vietnam Ministry of Finance rejected a proposal from traditional taxi companies that the Government cut value added tax (VAT) for them from the current 10 per cent to 5 per cent. The ministry said according to the reform strategy on tax system during 2011-20, VAT would stand at only one rate of 10 per cent for all kinds ... Read More »

Vietnam requests Australia to reverse ban on shrimp imports

Vietnam requests Australia to reverse ban on shrimp imports

HANOI: The Vietnam government contends the ban by the Australian Department of Agriculture on raw imports is ‘causing serious damage’ to the country’s shrimp farmers and exporters, and has requested it be reversed. Australian Agriculture Minister Barnaby Joyce announced a six-month suspension on the import of raw shrimp this past January, following an outbreak of white spot disease in the ... Read More »

Vietnam suspends chicken imports from US for fear of bird flu outbreak

suspend

HANOI: Vietnam’s Ministry of Agriculture and Rural Development (MARD) has just decided to suspend importing poultry and poultry-related products from the United States for fear of the bird flu outbreak. Accordingly, Vietnam will suspend importing poultries without thermal processing from US states of Wisconsin and Tennessee, as there are outbreaks of highly pathogenic avian influenza H7 and lowly virulent avian ... Read More »

Vietnam Customs seizes smuggled seahorses

Vietnam Customs seizes smuggled seahorses

HANOI: Customs officials in Vietnam’s northern port city of Hai Phong found more than a ton of dried seahorses smuggled from Peru in disguise of cattle skin. The container has been sealed for investigation. One ton of seahorses may have around 300,000 individuals in average weight, and a pair of them can fetch up to $20 in retail prices. Customs ... Read More »

Vietnam car imports surges in Jan. & Feb. 2017

Nigeria car imports restriction

HÀNỘI: The drop in import tax on cars from ASEAN countries has led a hike in car imports to Việtnam in the first two months of this year, especially from Thailand. The tax was reduced from 40 per cent to 30 per cent under the ASEAN Free Trade Agreement (FTA) early this year. It will be zero per cent by ... Read More »

Vietnam petroleum products imports surge 2% in 2 months

Vietnam petroleum products imports surge 2% in 2 months

HANOI: Vietnam spent US$927 million on importing 1.66 million tons of petroleum products over the past two months, surging 2 per cent in volume against the same period last year. Up to 750,000 tons of petroleum products, worth US$433 million, were shipped to Vietnam in February alone, according to statistics from the Ministry of Industry and Trade. During the two-month ... Read More »

India temporarily suspends Vietnamese agri-commodities imports

coffee-beans-and-cinnamon-stick-

HANOI: India temporarily suspended the entry of coffee beans, bamboo, black pepper, cinnamon, cassia and dragon fruit from Vietnam with immediate effect due to “repeated interception of quarantine pests”. The decision comes close on the heels of Vietnam announcing that it would suspend import of peanuts, cassia seed, cocoa beans, haricot beans and tamarind from India after 60 days, starting ... Read More »

Vietnam export turnover grows 12.8% in 2012-2016 period

grow heigher

HANOI: Vietnam’s total export turnover has been growing at an annual rate of 12.8% but outbound shipments of agricultural products have faced numerous difficulties and their annual export growth was recorded at a mere 2.4% in the 2012-2016 period. The export ratio of agricultural products, as a result, had decreased from 13% in 2012 to 8.6% in 2016 in the ... Read More »

Vietnam hopes to get FTA with EU

fta

HANOI: The government in Vietnam faces pressure from European lawmakers to improve its human rights record. The rights issues are being raised at a time when European Union (EU) members are considering a free trade deal with the Southeast Asian nation. The European Parliament recently sent its Subcommittee on Human Rights on a fact-finding trip to Vietnam. The committee called ... Read More »

Vietnamese pangasius exports generates USD1.71b in 2016

Vietnamese pangasius exports generates USD1.71b in 2016

HANOI: Vietnamese pangasius exports generated USD1.71 billion in 2016, a year-on-year increase of 9.6 per cent, according to the Viet Nam Association of Seafood Producers and Exporters (Vasep). Vasep also informed that sales to the United States and China showed the highest growth during the analyzed period while exports to the European Union continued to decline. In the case of ... Read More »

Vietnam Customs starts online services

Vietnam Customs starts online services

HÀNỘI: The municipal General Department of Customs officially began offering online services at Level 3 and Level 4 for 46 administrative procedures for people and businesses. The service can be accessed at http://pus.customs.gov.vn e-portal of the department. Level-3 services will allow individuals and companies to fill in and submit forms online. Meanwhile, Level-4 public services, the highest of four administrative ... Read More »

Drug smuggler open fire at police in Vietnam

Drug smuggler open fire at police in Vietnam

HANOI: A Vietnam district official was shot as he tried to help police overcome the two suspects. According to derails, a heroin smuggler opened fire at police officers shortly before he was arrested during a raid in Vietnam’s northern mountainous province of Lai Chau. Hang A Lau, 52, and his accomplice, Sung Thi Di, both from the nearby province of ... Read More »