HCM City (VNA) – Ho Chi Minh City’s import-export turnover in the first three months of 2016 enjoyed a slight climb compared with the same period last year.
Export turnover growth in the first quarter of the year was estimated at 6.7 billion USD, a year-on-year increase of 0.1 percent; while import turnover hiked 8.2 percent against the same period last year, reaching 7.9 billion USD, with major imported goods being equipment and materials for production – such as pharmaceuticals, electronic components and parts.
According to the municipal People’s Committee, the primary markets for Vietnamese exports all saw rises including Indonesia (308.9 percent), the Philippines (36.1 percent), the Netherlands (26.6 percent), and China (26.5 percent).
Meanwhile the city’s traditional export markets such as the US, Japan and the Republic of Korea experienced slow growth.
In order to help expand markets and increase trade in goods, the city has regularly received and provided information to domestic and foreign buyers and investors, while continuing t🌱o tackle difficulties in 🍸the business and production processes.-VNA
The e-payment of import-export duties has increased ten percent to 63 percent after a circular aiming to streamline tariff payment processes was enforced, an official said.
Vietnam could fulfil the import-export turnover target in 2015 if ministries continue to effectively deploy measures to support businesses with restructuring and trade operation management.
Difficulties facing domestic and foreign enterprises in implementing the latest customs legal documents were discussed at a recent workshop in Ho Chi Minh City.
A trade cooperation programme between HCM City and 20 southern provinces over the last five years has significantly contributed to improving product quality.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Photo: Internet)
