Trade

The Ministry of Industry and Trade will promote negotiations to seek new export markets for Vietnamese goods, while at the same time intensifying trade promotion and brand building. It is determined to cope with trade defense and protection measures that are incompliant with international commitments. Administrative reform will be accelerated; and the provision of market information will be improved to facilitate export activities. … [Read more...] about Five-month trade surplus surges

Speaking at the opening ceremony of the fair on June 30, Senior Lieutenant General Tran Don, Defence Deputy Minister, said this is the fourth time the Vietnamese Ministry of National Defence and Ministry of Industry and Trade have coordinated with the Lao counterparts to host the event. … [Read more...] about Vietnam-Laos trade fair opens in Vientiane

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to promote bilateral trade. With Canada’s fast tariff reduction roadmap (from 17-18% to zero percent in three years), some Vietnamese items are forecast to witness strong export growth as from 2019 like textile-garment, footwear, handbags, plastics and wood products. … [Read more...] about Vietnam records surplus in trade with Canada

Ta Duc Minh, Trade Counselor of the Vietnamese Embassy in Japan, visiting the Vietnamese display area at Foodex Japan 2018 - Photo: VOV Foodex is considered as Japan and Asia’s largest international trade fair in the field of food and beverages. In terms of the food and beverage production and trading sector in Japan, Foodex is a perfect platform to seek suitable foreign-originated food and drink items for the domestic market, as well as to introduce Japanese products to the world. … [Read more...] about Vietnamese food advertised at Foodex Japan 2018 trade fair

The methods used to determine the origin of goods cover wholly obtained goods, regional value content and the harmonized commodity description and coding system, also known as the harmonized system of the World Customs Organization. Individuals and organizations take their production and outsourcing processes into account when using phrases such as “Product of Vietnam,” “Vietnamese goods,” “Made in Vietnam,” “Manufactured in Vietnam,” or “Created in Vietnam” on their goods’ labels. The goods are listed as Vietnamese products if they are wholly obtained or produced in Vietnam or if they are not wholly produced or obtained products but have completed their final production or processing stages in the country, creating fundamental changes in the nature of the products. The goods couldn’t bear Vietnamese origin labels if they have one or more processing or outsourcing stages that are deemed “simple.” … [Read more...] about Trade ministry gathers feedback for Made-in-Vietnam draft circular

Many enterprises have taken advantages of this loophole to self-proclaim its products as “Made in Vietnam” such as the Khaisilk, a premier Vietnamese silk brand, found mislabeling its scarves imported from China as “Made in Vietnam” or the questionable case of Asanzo, which assembles in Vietnam its TV sets from components imported from China and declared them Vietnamese products. … [Read more...] about Criteria for “made in Vietnam” products announced amid rampant trade fraud