Vietnam Trade Office in Singapore

According to regulations, goods that are purchased and used abroad and are not imported to Vietnam will not pay import tax and VAT. BX Shinsei Vietnam Co., Ltd. raised a question about tax on molds purchased by a domestic enterprise from a foreign enterprise, then the molds are lent to another foreign enterprise and are not imported to Vietnam. The General...

Vietnam’s index of industrial production (IIP) saw a positive increase of 7.5 percent in the first four months of the year compared to the same period last year, continuing to drive Vietnam’s economic growth in 2022. Manufacturing, processing sector takes the lead Nguyen Thi Huong, director-general of the General Statistics Office of Vietnam under the Ministry of Planning and Investment, said...

Vietnam is not only an exciting market for the application of Blockchain technology in the digital era, but also one of the leading countries in encouraging research and application of new technology in everyday life. Vietnam is not only an exciting market for the application of Blockchain technology in the digital era, but also one of the leading countries...

Vietnam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood exports in 2025, after it completes preparing necessary conditions, reported a government official familiar with the sector. Vietnam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood...

A symposium on the development of domestically- and globally-connected smart cities took place in Hà Nội on Thursday. The event, one of four seminars in the framework of the ongoing Vietnam Sustainable Urban Development Forum 2022, was jointly organised by the Party Central Committee's Economic Commission, the Ministry of Construction and relevant agencies. Addressing the seminar, Vice Chairman of the Party...

On June 15, in Binh Duong, General Department of Vietnam Customs, in collaboration with the Global Alliance for Trade Facilitation (GATF), held a conference to collect opinions on the draft circular on determining the origin of imported and exported goods. Speaking at the opening of the conference, Mr. Dao Duy Tam, Deputy Director of the Customs Control and Supervision Department,...

Vietnam, like many other East and Southeast Asian countries, is further climbing up the global value chain (GVC) thanks to the positive effect of the utilisation of foreign direct investment (FDI), according to the latest report by Hinrich Foundation. Vietnam, like many other East and Southeast Asian countries, is further climbing up the global value chain (GVC) thanks to...

The U.S. Department of the Treasury has recently placed Viet Nam and other 11 countries and territories on its “Monitoring List” of major trading partners although the Southeast Asian nation was excluded from the list currency manipulators since last April. The Monitoring List comprises China, Japan, the Republic of Korea, Germany, Italy, India, Malaysia, Singapore, Thailand, Taiwan, Viet Nam, and...

HSBC has lowered its forecast on Viet Nam's inflation rate in 2022 to 3.5 percent from its earlier prediction of 3.7 percent due to stable domestic food price, which is expected to help curb the country's headline inflation.  In Viet Nam, energy price inflation has also persisted for long. Transport prices hit a record high, surpassing food inflation to become the...

The World Bank has just released the Vietnam Macroeconomic Update Report for June, which emphasized the continued strong recovery of the Vietnamese economy despite increasing global uncertainty. The report pointed out a number of bright spots in Vietnam's economy such as industrial production continuing to increase by 10.4%. Meanwhile, retail sales of consumer goods and services this month increased by 22.6%...