Vietnamese paper products are mainly imported from China, accounting for 42 per cent of total turnover, reaching $285 million in 2017 and increasing 19.95 per cent against 2016. — Photo vietnamexport.com Viet Nam imported US$682.1 million worth of paper products last year, a year-on-year increase of 10.86 per cent, reported the Viet Nam General Department of Customs. In December 2017 alone, Viet Nam imported $58.8 million worth of paper products, down 10 per cent compared to November, the first drop in three consecutive months. Vietnamese paper products are mainly imported from China, accounting for 42 per cent of total turnover, reaching $285 million in 2017 and increasing 19.95 per cent against 2016. The second largest import market was Thailand with $91.1 million, up 9.35 per cent compared to the previous year, followed by the Republic of Korea and Japan with $59.5 million and $50.3 million, respectively. In addition to these markets, Viet Nam also imports from other markets such as Hong Kong, Taiwan, Indonesia and Malaysia, as well the United States, Germany and Singapore. In general, last year, the import turnover of paper products from all markets grew significantly, compared to 2016 and accounted for 72.2 per cent. Particularly, imports from the German market increased sharply. Although Germany is not the main import market, it accounted for only 0.7 per cent of the country’s total import turnover; compared to 2016, this result increased 1.3 times. Besides, imports from Indonesia and Japan were also up sharply, rising by 33.16 per cent… [Read full story]
The Vietnamese Ministry of Finance February 10 decided to raise import tax on newsprint and carton to 29 per cent from February 16, from current 20 per cent and 25 per cent, respectively. According to the Ministry of Industry and Trade (MoIT), Vietnam will need around 165,000 tons of newsprint in 2009, up 30 per cent on year. The country will have to import 60,000-80,000 tons. Demand for printing paper is estimated at 461,000 tons, while local supply can meet 380,000 tons. Late December 2008, the MoIT suggested raising newsprint and writing paper import tax from ASEAN countries to 5…... [read more]
Paper and pulp imports increased sharply in the first four months of the year, while big paper plants are running at full capacity. However, paper processing enterprises still complain that they cannot buy material paper for production.Le Thanh Son, Head of Business Division under Anh Phu Paper Production Company, specialising in napkins, cardboard and pupils' notebooks in Que Vo Industrial Zone, said that the industry is deathly short of material paper now.Son said that previously, Anh Phu put out 10 tonnes of products a day, but now the output is 4-5 tonnes only due to the material shortage."The material price…... [read more]
According to the General Department of Vietnam Customs, Vietnam imported 1.4 million tons of paper worth US$1.3 billion in the first nine months of this year, a year on-year rise of 5.6% and 11.14%, respectively. The average price was US$834.9 per ton, up 5.2% against the same period last year.China remained top exporter, accounting for 21.4% of total paper imports by Vietnam with 312,700 tons worth US$238.9 million, trailed by Taiwan (China) with 205,600 tons valued at US$117.7 million. Vietnam also imported paper from Indonesia, Japan, the Republic of Korea and Thailand.Generally speaking, paper imports saw a growth in 72.2%…... [read more]
The Department reported that July was the second month of this year seeing a decline in paper imports with 169,900 tons valued at US$136.3 million, down 2.1% in volume and 3.6% in value compared to June. In total, in the first seven months, Vietnam imported 1.1 million tons of paper worth US$954.7 million, up 9.3% in volume and 14.2% in value against the same period last year.China and Taiwan remained the key importers of Vietnam paper with 247,700 tons and 162,200 tons respectively, trailed by Indonesia with 154,700 tons and Japan with 145,200 tons.Besides, Vietnam imported paper from Sweden, Singapore,…... [read more]
The Hanoi Times - The Ministry of Finance on February 10 released the decision on raising paper import tax sharply in order to prevent massive paper imports which have caused large stocks of paper of up to 150,000 tonnes. However, the decision is believed to cause difficulties for printing newspapers and the publication Tax up by 9% The Circular No. 28 released on February 10 by the Ministry of Finance, which will be valid for the customs declarations on February 16, 2009, stipulated that the import tax on newsprint has been raised from 20% to 29% (category 4801). Meanwhile, the…... [read more]
