Economics news

    • Vietnam leads Southeast Asia in legal timber export to the US
    Vietnam leads Southeast Asia in legal timber export to the US
    04/10/2019

    On June 25, a conference on exporting hardwood furniture to Southeast Asia had taken place in Hanoi. According to the report, Vietnam is Southeast Asia’s leading market for the hardwood industry exporting to the US, with exports accounting for 77% of the region. Deputy Minister of Agriculture and Rural Development Ha [...]

    EVFTA opens a new market for Vietnam’s steel industry
    EVFTA opens a new market for Vietnam’s steel industry
    04/10/2019

    KHPTO – The signed Vietnam – EU Free Trade Agreement (EVFTA) will be the key for Vietnam’s steel products to expand export markets to Europe. According to a report from the Vietnam Steel Association, as of April 30, Vietnam exported 2.8 million tons of steel, up 13.7% in volume compared to [...]

    Proposal to increase import tax on hot rolled coils to 5%
    Proposal to increase import tax on hot rolled coils to 5%
    04/10/2019

    The Ministry of Finance proposes to increase the MFN tax from 0% to 5% for hot rolled steel products of heading 72.08. The Ministry of Finance has just sent the official dispatch for consulting the Draft Decree amending and supplementing Decree 125 on the export tariff, preferential import tariff, list [...]

    Steel industry is about to stop enjoying tax incentives?
    Steel industry is about to stop enjoying tax incentives?
    04/10/2019

    Vietnam’s steel industry is expected to have certain fluctuations soon due to regulatory authorities intending to increase import taxes and external allegations about the Government’s protection of stainless steel pipe products. According to the draft decree amending Decree 125 on the export tariff, preferential import tariff, the list of goods [...]

    Vietnamese flooring products on the world market
    Vietnamese flooring products on the world market
    04/10/2019

    (Construction) – Laminate flooring is not too strange for Vietnamese consumers. Previously, products were mainly placed in high-end villa houses, now they are becoming more popular in the market . Vietnam is one country with abundant wood resources, so the annual amount of timber exploited for export needs is very large. However, because [...]

    Gasoline and electricity prices increased: Iron and steel, cement set new prices
    Gasoline and electricity prices increased: Iron and steel, cement set new prices
    04/10/2019

    After fluctuations in electricity and petrol prices in March and April, many items and services began to react to price increases. The market prices of building materials such as steel, cement, and construction labor costs also follow the rise. Surveyed, at construction materials stores in Hanoi City, steel plates cost VND 14,300 / kg, [...]

    USA market: The destination of Vietnamese wood
    USA market: The destination of Vietnamese wood
    04/10/2019

    The United States is still the most important market for Vietnam’s wood processing industry. Strengthening cooperation between Vietnam and the United States solves enhance this industry in the next time. In the first 6 months of 2019, the export value of forest products is estimated at US $ 5, 3 billion, up 20% [...]

    Vietnam had a trade surplus of US $ 1.7 billion in the first 7 months of 2019
    Vietnam had a trade surplus of US $ 1.7 billion in the first 7 months of 2019
    04/10/2019

    In the second period of July 2019, the trade balance of goods surplus reached US $809 million, bringing Vietnam’s trade surplus of goods in the first 7 months of 2019 to US $7 billion. The latest preliminary statistics of the General Department of Customs show that the total value of import and export [...]

    Ministry of Industry and Trade investigated dumping of MDF boards imported into Vietnam
    Ministry of Industry and Trade investigated dumping of MDF boards imported into Vietnam
    04/10/2019

    The Ministry of Industry and Trade affirmed to strengthen the barriers of trade defense and protection of domestic production, starting from the initiation of investigation of foreign MDF boards with signs of dumping in Vietnam market. For a long time, there has been a great deal of information that several [...]

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