Wednesday , December 19 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

VN, Cambodian trade fair in Dak Nong

2018_Vietnam_Trade_Fair_in_Cambodia_opens31543027PM

ĐẮK NÔNG: More than 100 businesses from 13 cities and provinces nationwide, and some others from Cambodia’s Mundulkiri province are displaying their products at the Việt Nam-Cambodia international trade fair. The fair that opened in Gia Nghia town, Việt Nam’s Central Highlands province of Đắk Nông, accommodates 300 booths introducing achievements in industry, agriculture and trade. Apart from local specialties, ... Read More »

Seafood export earnings surge 6.8 percent in 11 months

catra61722737PM

HÀ NỘI: Việt Nam’s seafood export turnover reached US$852 million, raising the total value for the first 11 months to $8.1 billion, a year-on-year increase of 6.8 per cent. Main contributors to the increase were tra fish ($2 billion), tuna and cuttlefish ($600 million) and octopus ($609 million). The Agro Processing and Market Development Authority (AgroTrade) under the Ministry of ... Read More »

VN, India eye textile co-operation

hg11243181525713PM

HCM CITY: Trade between India and Việt Nam in textiles has grown significantly, but there is still huge untapped potential, the Indian consul general in the city has said. In his opening remarks at a business interaction event titled “Textiles: India-Việt Nam Co-operation”, K Srikar Reddy said Việt Nam was among the top five textile and clothing exporting countries along ... Read More »

Japan, VN to deepen cooperation in the new global context

vna_potal_hoa_binh_cong_ty_tnhh_pacific_tao_viec_lam_on_dinh_cho_gan_300_cong_nhan_34816246143428PM

HÀ NỘI: Japan and Việt Nam should deepen bilateral co-operation, not only in investment and trade but also work to improve relationships in the future, Director of the Central Institute for Economic Management (CIEM) Nguyễn Đình Cung told a forum yesterday. Cung was at the CIEM’s Việt Nam – Japan Policy Research Forum in Hà Nội. He said: “Being the ... Read More »

PV Power targets output of more than 5.6 billion kWh in Q4

vna_potal_6_thang_nam_2018_pv_power_dat_doanh_thu_tren_17000_ty_dong_24179728125515PM

HÀ NỘI: PetroVietnam Power Corporation (PV Power) targeted to reach a production output of more than 5.6 billion kWh in the last quarter of this year to fulfill the full year’s plan. The company reported that it produced a total output of 16.038 billion kWh from January to the end of September, meeting 74 per cent of the plan for ... Read More »

Vietnam to Ratify Pacific Rim Trade Pact

download

HANOI: Vietnamese President Nguyen Phu Trong on Friday submitted a Pacific Rim trade pact to the National Assembly for approval, the government said. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership will take effect at the year’s end after Australia became the sixth nation to ratify it, earlier this week. President Donald Trump pulled out of the pact just days ... 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. The tobacco industry contributes around VNĐ20 trillion (US$864.76 million) to the State revenue annually, and has created jobs for millions of workers, helping eliminate hunger ... Read More »

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 »