In a newly issued decree, the Government has made a clear effort to boost inland border-trade quotas and the overall trading situation for Vietnamese residents living in the border areas next to Viet Nam, China, Laos and Cambodia. Data from the General Department of Viet Nam Customs states that in 2017, Viet Nam’s trade turnover with Laos was above US$890 million, while the turnover with Cambodia was $3.7 billion, and with China, a staggering $71.9 billion. With the Decree No 14 coming into effect on January 23, trading activities performed by border residents and licensed traders are expected to be significantly improved. Most importantly, the decree stipulates that goods traded and exchanged by border residents for direct consumption are not subject to medical quarantine, such as animals, plants and aquatic products, unless the competent State body warns of an epidemic or contagious disease. Therefore, goods consumed by border residents are not subject to inspection and control in terms of food quality and safety, except for emergencies requiring immediate quarantine, when they must comply with international treaties. The decree stipulates that Vietnamese traders, including enterprises, co-operatives, business households and individuals with Vietnamese business registrations are allowed to buy, sell and trade goods along the border and via border checkpoints. Businesses with foreign-direct-investment capital, companies and branches of foreign companies in Viet Nam are also allowed to purchase and exchange goods across the border in accordance with national Law on Foreign Investment Management and any international treaties to which Viet Nam is… [Read full story]
Economic crisis opens new doors (21-08-2009) Ha Noi — The global economic crisis has forced the world to look at the value of development theories in a more objective and practical way. This was one of the findings at the ninth meeting of the Central Theory Council, a leading Party think-tank, which opened here yesterday to assess impacts of the crisis on Viet Nam. The two-day meeting is being chaired by To Huy Rua, politburo member and Head of the Publicity and Education Commission. At yesterday's session, participants focused on analysing and confirming the value and role of Marxist theory…... [read more]
The eighth annual Vietnam-China border trade fair opened in the Hekou district in the Chinese province of Yunnan on Nov. 26, with 360 stalls featuring products from both countries. This event is taking place at a time when both Vietnam and China are members of the World Trade Organisation, and Vietnam is preparing to open its retail markets in January 2009. Vietnamese businesses from 12 provinces manned 100 stalls piled high with their products, such as wooden furniture, aquatic food products, and footwear, among others. The event programme includes a series of trade promotion activities and a ceremony for the…... [read more]
But we cannot wait for it any longer because it has badly affected the province's investment environment The central Khanh Hoa province's biggest foreign-invested project has had its investment certificate revoked, opening the door for another big state-owned player.The Khanh Hoa People's Committee recently decided to withdraw the licence of South Korean STX Corporation's $500 million project to build STX-Vina heavy industrial complex in the Van Phong Economic Zone."We have asked STX many times to boost the implementation of this project, but it could not as it was cash-strapped due to the long economic crisis," said Hoang Dinh Phi, vice…... [read more]
Tan Chau Border Trade Fair 2011 opened on July 7th in the border town of Tan Chau, An Giang province for the first time by the provincial People's Committee with the participation of 258 Vietnamese businesses and 21 Cambodian counterparts. Main exhibits are agri-aquiculture products, consumer goods, foods, footwear, textiles; electronics; wooden furniture; construction materials electric devices for domestic use and handicraft products. The fair aims to provide favourable condition for Vietnamese and Cambodian enterprises to trade with each other via the international border gate of Vinh Xuong - Kaomsano. At the fair, businesses will demonstrate the operation of modern…... [read more]
The services and tourism development coordination meeting of central Vietnamese provinces and the Central Highlands held in Danang on December 2 attracted representatives from the Departments of Trade. It coordinated trade and services activities and enhance strengths of the localities. Danang PC vice-chairman Tran Van Minh attended. Fair becomes a means for trade cooperation The delegates discussed cooperative measures in management and trade promotion and import-export and tourism development. They also approved with the Vietnamese Ministry of Trade proposals on building a regional and local products development strategy and the operation of trade promotion centers in localities. Money from the…... [read more]
