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tariff

US tariffs prompt Việt Nams supply chain shift

US tariffs prompt Việt Nam’s supply chain shift

The seminar titled ‘US Countervailing Tariffs and Việt Nam’s Corporate Response’, organised by the Việt Nam Chamber of Commerce and Industry (VCCI) on the morning of April 18, attracted significant attention and participation from economic experts and the business community.
No significant impact for domestic banks over loans to export and FDI enterprises

No significant impact for domestic banks over loans to export and FDI enterprises

According to analysts of the VCB Securities Company, the outstanding export loans to the enterprises only account for five per cent of the total outstanding loans of the whole banking system,
Cà Mau proactively responds to impact of US tariffs

Cà Mau proactively responds to impact of US tariffs

In the face of the US announcing a 46 per cent tariff on Vietnamese goods, including seafood products, Cà Mau Province has proactively reviewed and assessed the impact of the levy on this industry, ensuring that the production chain, especially shrimp exports,...
Việt Nam Trade Office warns of trade diversion, affecting Vietnamese exports to EU

Việt Nam Trade Office warns of trade diversion, affecting Vietnamese exports to EU

Being cautious and proactive at this time will help Việt Nam protect its exports to the EU and preserve the international reputation of Vietnamese goods amid an increasingly volatile global trade landscape.
Deputy PM chairs task force meeting on economic and trade cooperation with US

Deputy PM chairs task force meeting on economic and trade cooperation with US

Deputy Prime Minister Bùi Thanh Sơn tasked the Ministry of Finance with continuing to review and refine plans to reduce import tax.
Việt Nam takes swift, proactive actions in response to new US tariff policy

[Longform] Việt Nam takes swift, proactive actions in response to new US tariff policy

Việt Nam has responded to the new tariffs by consulting businesses, cutting some import duties, easing technical barriers, curbing origin fraud and boosting imports.
Việt Nam eyes backup plans as US tariff threat looms

Việt Nam eyes backup plans as US tariff threat looms

Over the longer term, Việt Nam must consider diversifying export markets, especially those with free trade agreements already in place. Markets in East Asia and the European Union offer viable alternatives based on demand and trade volume.
AmCham proposes US postpone reciprocal tariffs on Việt Nams goods

AmCham proposes US postpone reciprocal tariffs on Việt Nam's goods

While AmCham acknowledges the need to address the growing trade deficit between the two nations, it strongly urges the US administration to consider implementing a grace period.
Seven traders assigned import tariff quotas for sugar in 2024

Seven traders assigned import tariff quotas for sugar in 2024

Seven traders, including the Việt Nam Sugar Joint Stock Company, were allocated import quotas at an auction in Hà Nội on Friday.
Ministry proposes removing FiT for more competitive renewable energy prices

Ministry proposes removing FiT for more competitive renewable energy prices

FiT was introduced to support early development of renewable energy sources by providing a guaranteed, above-market price for producers to sell energy back to the grid.
Philippines announces 20 per cent tariff cut for imported rice

Philippines announces 20 per cent tariff cut for imported rice

The Philippines, one of the world''s largest rice buyers and largest customers of Vietnamese rice, announced a reduction in import taxes from 35 per cent to 15 per cent, effective immediately and lasting until 2028. 
Some firms likely to close due to higher anti-dumping tariff on plywood products in S Korea

Some firms likely to close due to higher anti-dumping tariff on plywood products in S Korea

Awaiting a final decision from the South Korea, Vietnamese enterprises have concerns over a potential higher anti-dumping duty in South Korea on plywood imports from Việt Nam.
Exporters must actively engage and adapt to EUs CBAM

Exporters must actively engage and adapt to EU's CBAM

Exporters have long voiced their concerns over the CBAM''s potential effects on Vietnamese exports, saying CBAM''s implementation will likely increase the prices of exported goods, reducing Vietnamese exports'' competitiveness and affecting demand in the EU market.
Non-tariff barriers raise issues for improving competitiveness, compliance

Non-tariff barriers raise issues for improving competitiveness, compliance

Entering the market is already difficult, but maintaining market share can be even more difficult.
MoIT proposes new electricity tariffs, fostering fairness and efficiency

MoIT proposes new electricity tariffs, fostering fairness and efficiency

According to the Ministry of Industry and Trade, the proposed retail electricity tariff structure will encourage people to save electricity.