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Local fertiliser industry to benefit from EVFTA

A fertiliser production line of PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo). — Photo congthuong.vn HÀ NỘI —  Free trade agreements (FTA), including the latest one signed between Việt Nam and the EU, will benefit the domestic fertiliser sector, with more diverse import and export markets, experts said. Statistics show that Việt Nam imports about 4 million tonnes …

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VN could become world’s face mask factory amid COVID-19

Chiến Thắng Garment Joint Stock Company produces cloth face masks. The COVID-19 pandemic was bringing significant opportunities for Việt Nam to export face masks. – VNA/VNS Photo Phương Hoa   HÀ NỘI – The garment industry was suffering an unprecedented crisis due to COVID-19, but the pandemic also brought significant opportunities for Việt Nam to become …

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Ministry rejects proposal of lowering container service charges

  Cái Mép International Terminal receives a container vessel. The Ministry of Transport did not agree with the proposal of cutting container loading and unloading services fees at seaports by 30 per cent. – www.cmit.com.vn HÀ NỘI — The Ministry of Transport has rejected a proposal of cutting container loading and unloading service fees at seaports by 30 per cent, Nguyễn …

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Submitting to the Government the scheme of customs bond: Continue goal of simplifying procedures

VCN – The Minister of Finance recently signed and submitted to the Government a report on the approval of the scheme of customs bond mechanism for import-export and transit goods. In accordance with international practice The goal of the scheme is to facilitate the import of goods, simplify some administrative procedures, ensure cargo clearance, quickly …

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Việt Nam, China discuss ways to boost agriculture trade

HÀ NỘI — Minister of Agriculture and Rural Development Nguyễn Xuân Cường had a working session with Chinese Ambassador to Việt Nam Xiong Bo in Hà Nội on Thursday to discuss facilitating the exchange of agricultural products between the two countries amid the COVID-19 pandemic. Việt Nam’s farming, forestry and fishery trade with China fell about 7 per cent …

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US, Vietnam sign agreement to strengthen bilateral partnership

The United States Agency for International Development (USAID) and Vietnam’s Ministry of Planning and Investment (MPI) virtually signed a US$42 million agreement on April 15 to advance Vietnam’s economic competitiveness, through strengthening private sector competitiveness, innovation and startup ecosystems, and human capital. USAID technical assistance activities under this agreement will enhance the capacity of Vietnamese …

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Ministry of Industry and Trade proposes various tax and fee priorities for specific industries

VCN – The Ministry of Industry and Trade has proposed the Prime Minister to direct the Ministry of Finance and relevant agencies on the basis of balancing the State budget revenue and expenditure targets in 2020 and submitting plans to the Government for reporting to the National Assembly and the Commission. The Standing Committee of the …

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Vietnam imports 200,000 rapid test kits for large-scale Covid-19 testing

The Health Ministry has bought 200,000 rapid coronavirus test kits from South Korea for carrying out mass testing as the Covid-19 fight enters a crucial stage. Deputy Health Minister Nguyen Thanh Long said at an online meeting Monday that there is no shortage of test kits to diagnose the novel coronavirus infection, including kits for …

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Getting logistics right

While the world has been preoccupied with the explosive growth of China, relatively little attention has been paid in Australian business circles to another fast-growing market in the Asia Pacific region, Vietnam. Byron Patching, a founding owner of XAct Solutions, a leading supply chain and industrial property firm, discusses the evolution of Vietnam from a …

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