Over 50 per cent of imported food product lines formerly subject to State inspections on food safety will no longer require inspections before clearance, facilitating business operations and fostering an improved investment environment in Việt Nam.
Viet Nam spent over US$21.12 billion in 2022 to import mobile phone and components or a decrease of 1.61 per cent over the same period 2021, accounting for 5.89 per cent of the country’s total import turnover.
Two drivers of Viet Nam''s economic growth – exports and domestic demand – are moderating, according to a report released by the World Bank (WB) on Wednesday.
Viet Nam imported more than 38,000 cars of various types, worth a total US$846 million, in the first six months of this year, decreasing by nearly 32,000 units in volume and VND700 million in value year-on-year.
Viet Nam spent more than US$2 billion on importing cotton in the first eight months of 2018 – the biggest amount ever spent by the garment and textile sector.
The country’s total import-export turnover in the first nine months of the year reached more than US$308.3 billion, posting a 21.3 per cent year-on-year increase, according to the General Department of Customs.
According to the General Statistics Office (GSO), import turnover for cars in December 2016 increased in both quantity and value, making the year’s total annual car imports finish at $2.3 billion.
Viet Nam imported more than 9.7 million tonnes of coal valued at US$600
million over the past eight months, almost double the quantity in the
same period last year, according to the latest statistics from the
General Department of Customs.
The Ministry of Industry and Trade (MoIT) yesterday decided to impose
additional tariffs on imported steel products as an official safeguard
measure against cheap imports that were allegedly threatening the
domestic industry.
Viet Nam will temporarily halt imports of peanuts (Arachis
hypogaea) from Senegal after nearly 1,000 tonnes of a recent shipment
were found to contain beetles.
While the imposition of additional tariffs on imported steel products as
a temporary safeguard against cheap imports since March was meant to
protect the local steel industry, consumers and firms that use steel for
their production are worried about steel price hikes in...