Vietnam imposes VAT on low-value imported goods
Goods valued under 1 million VND (39.18 USD) will no longer qualify for VAT exemption when they are imported into Vietnam via express delivery services under the Prime Minister’s recent decision.
Viet Nam’s foreign trade exceeds US$610 bln
As of October 15, Viet Nam's trade with the rest of the world hit US$610.57 billion, up 16.4 percent (or US$85.82 billion) against the same period last year, reported the General Department of Customs.
Vietnam-China trade turnover hits nearly 130.8 billion USD
The import-export turnover between Vietnam and China reached nearly 130.8 billion USD in the first eight months of this year, according to the latest statistics from the General Department of Customs.
Trade turnover outstrips US$440 billion mark
With US$37.17 billion earned in the second half of July, total trade value rose to US$440.45 billion in the first seven months of 2024, up 17.2 percent against the same period last year, according to the General Department of Customs.
Vietnam promotes digitalisation in customs activities
The General Department of Customs in 2024 will continue to reform customs policies and procedures, as well as build and deploy digital customs.
Vietnam spent over 1.1 billion USD importing phones
Import value of phones and components of all kinds reached nearly 1.1 billion USD in October 2023, an increase of about 12% compared to the previous month, according to data from the General Department of Customs.
State budget collection from imports, exports down nearly 19% in nine months
The General Department of Customs on October 4 reported that its state budget collection stood at 268.69 trillion VND (10.99 billion USD) between January and September, decreasing by 18.6% compared to the same period last year.
Soaring prices of oil fuel concerns over the inflation
According to General Department of Customs statistics, there are currently approximately 10,300 enterprises opening declarations under the types of manufacturing, export production, and export processing. To monitor this large number of enterprises, customs authorities must implement appropriate management measures, particularly through the use of modern technology.
Vietnam's global import-export ranking can be improved
According to the General Department of Customs, Vietnam's import and export turnover reached 700 billion USD (As of mid-December 2022). It is notable that Vietnam surpassed developed countries in the region to rank second in ASEAN.
Viet Nam’s trade volume up 16.7%
As of June 15, Viet Nam’s total trade volume with the rest of the world hit US$337.85 billion, a year-on-year increase of 16.7 percent, according to the General Department of Customs.
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