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Posts Tagged ‘imports’

Quota for sugar imports cut down

In Uncategorized on January 12, 2011 at 7:06 am

Quota for sugar imports cut down

QĐND – Saturday, January 08, 2011, 20:36 (GMT+7)

The Ministry of Trade and Industry has recently decided the quota for sugar imports in 2011 in Circular 45/2010/TT-BCT.

Under the circular, Vietnam will import 250,000 tons of sugar in aggregate in 2011, down 50,000 tons from 2010.

The circular states that domestic businesses will be allowed to import 150,000 tons of fine sugar and 100,000 tons of crude sugar as materials for domestic sugar processing in the year.

The quota will then be distributed to importers, including both businesses and traders.

According to estimates from the Ministry of Agriculture and Rural Development, the total 2010-2011 sugar production would reach 1 million tons and the market should need another 250,000 tons.

Alongside the sugar import quota, the Ministry of Trade and Industry also defined the quota for salt imports.

Accordingly, the permitted total salt imports in 2011 will be 100,000 tons, including salt for cooking and industrial purposes.

Source: Vneconomy

Translated by Thu Nguyen   

Source: QDND

Russia tightens checks on meat imports over dioxin crisis

In Uncategorized on January 8, 2011 at 12:02 pm

Russia said Saturday it had heightened checks on meat from Germany and other European countries and threatened an import ban after Germany closed thousands of farms over animal feed tainted with dioxin.

Eggs suspected to be contaminated with dioxin, are pictured at a laboratory of the federal state of North Rhine-Westphalia’s food control institute in Muenster January 4, 2011

The Russian agriculture watchdog said in a statement sent to AFP on Saturday that it had “taken the decision to heighten control of food of animal origin imported from Germany and several other European Union countries”.

It did not specify which European Union countries fell under the tougher rules.

The watchdog also threatened that Russia could ban meat imports if it did not receive official information on the situation as soon as possible and if it were not satisfied by European measures to control the situation.

The watchdog “retains the right to introduce restrictions on supplying food of animal origin to the Russian market from the regions of heightened risk”, it said in the statement.

German officials said Friday they had shut 4,700 farms and destroyed more than 100,000 eggs after tests showed dangerous levels of dioxin, a poisonous chemical compound, in fatty acids used to make industrial animal feed.

The Russian agency complained of its “serious concern” that it had not received any information from Germany or the executive European Commission on the situation and said it had sent an official request.

“The European Union still lacks a system to react urgently to cases that could be dangerous for animals and humans,” the watchdog’s spokesman Alexei Alexeyenko told the Interfax news agency.


Source: SGGP

Tax cut by up to 6 percent on 1,000 imports

In Uncategorized on January 8, 2011 at 4:10 am

Tax cut by up to 6 percent on 1,000 imports

QĐND – Thursday, January 06, 2011, 21:17 (GMT+7)

Nearly 1,000 goods items would enjoy an import tax cut of 1-6 percent in 2011, according to the Ministry of Finance’s Taxation Policy Department.

Director of the department Vu Van Truong said the items would mainly include agricultural produce, seafood, construction materials and electrical appliances.

The average drop for most items would be 2-3 percent, said Truong.

The cut, part of Vietnam’s commitment to the World Trade Organisation, was expected to benefit domestic consumers, giving them a wider choice of reasonably priced imported goods, Truong said.

However, he warned that the cut would also place pressure on Vietnamese goods that would face fierce competition from imported products.

Trade experts were also concerned about a predicted surge in the country’s trade deficit next year in the wake of the import tax cut.

The country imported 84 billion USD worth of goods last year, up 20 percent over the previous year with a trade deficit of 12.3 billion USD.

This year, the country plans on restricting the trade deficit to 14.18 billion USD with an import value of roughly 92 billion USD.

Last year, roughly 2,000 goods including food, animal feed, construction materials and steel also enjoyed an import tax cut of 1-6 percent, which cost the State budget roughly 1 trillion VND (51.28 million USD).

Source: VNA

Source: QDND

To promote exports, control imports

In Uncategorized on July 15, 2010 at 4:51 pm

To promote exports, control imports

QĐND – Thursday, July 15, 2010, 20:43 (GMT+7)

On July 14, the Ministry of Industry and Trade (MoIT) sent a directive on measures to promote exports, control imports and limit this year’s import surplus.

These measures are aimed at stabilizing the marco economy, curbing inflation and reaching economic growth rate of 6.5 percent with export turnover of just over 6 percent.

MoIT Minister Vu Huy Hoang asked the Import and Export Department to work with the Ministry of Agriculture and Rural Development and other associations to take measures to promote exports, expand markets, and tap the traditional and potential markets to improve the export turnover of agricultural and aquatic products.

Besides, the department will cooperate with the Interior Ministry to formulate a project on establishing inter-committee on import and export under the direction of Deputy Prime Minister Hoang Trung Hai.

Source: VOV

Source: QDND

Quality standards imposed on salt imports

In Uncategorized on May 9, 2010 at 4:52 pm

Quality standards imposed on salt imports

QĐND – Sunday, May 09, 2010, 22:4 (GMT+7)

The Prime Minister has assigned the Ministry of Agriculture and Rural Development and the Ministry of Finance to work on quality, safety and hygiene standards for imported salt.

He also asked the above ministries to curb cheating on the importation of salt, and to propose ways of adjusting import taxes on salt that is imported beyond the legal set quota.

The Ministry of Agriculture and Rural Development, the Ministry of Finance, and the Ministry of Industry and Trade set the 2010 national customs quota for salt imports at 260,000 tonnes. To date, the Ministry of Finance has allocated quotas totalling 140,000 tonnes to different businesses.

Source: VOV

Source: QDND

DAV orders imports of vaccines

In Uncategorized on March 24, 2010 at 6:11 am

Drug Administration of Vietnam (DAV) has instructed importers and distributors to make large orders for foreign-made vaccines to cover an urgent shortage in HCMC and Hanoi.

DAV instructed clinics, who were waiting for imports of three-in-one vaccines for measles, mumps and rubella, to use individual vaccines until stocks arrive.

The drug administration said there was a general shortage of all vaccines especially in the major cities and told preventative health clinics to provide distributors with lists of vaccines they need.

Supplies of five-in-one vaccines for Hib, diphtheria, whooping-cough, tetanus and poliomyelitis have already been restocked, DAV said.

Source: SGGP Bookmark & Share

Salt imports ‘not harming local sales’

In Vietnam Economy on March 15, 2010 at 6:25 pm

Salt imports ‘not harming local sales’

QĐND – Monday, March 15, 2010, 20:48 (GMT+7)

The fall in domestic salt prices, which is badly hurting farmers has not been caused by imports that the government has allowed, affirms Nguyen Thanh Bien, Deputy Minister of Industry and Trade.

Bien told a recent press conference that the huge imported volumes of salt were not covered by the ministry’s quota. “Only 20,000 out of 75,000 tonnes of salt that have already been imported belongs to the quota,” Bien said.

“The amount accounts for only 17 percent of the total issued quota,” he said, explaining that salt could be imported into the country in two ways: using the ministry’s quota for low tax rates and unlimited quantities at the normal tax rate.

A total of 170,000 tonnes of salt are expected to be imported during this period of this year. The Ministry of Industry and Trade has issued quotas for 146,000 tonnes while another 24,000 tonnes are awaiting allocation.

Meanwhile, thousands of tonnes of salt produced by farmers in the Mekong Delta are piling up with no dealers visiting the farms despite the sharp fall in prices.

The ministry’s Export and Import Department said this year’s quota for the import of salt was 260,000 tonnes, consisting of 180,000 tonnes of industrial salt used to produce chemicals and 80,000 tonnes for consumption.

Local newspapers late February cited experts blaming the quota as the reason for the fall in salt prices.

Mai Thanh Hung, deputy head of a district’s agriculture and rural development department in Bac Lieu province, said the locality was struggling to sell 32,000 tonnes of harvested salt.

Source: VNS

Source: QDND

Vietnam imports more vaccine

In Politics-Society on March 15, 2010 at 3:27 am

Vietnam imports more vaccine

QĐND – Sunday, March 14, 2010, 21:36 (GMT+7)

Vietnam has imported several types of vaccine, including a five-in-one inoculation that fights five diseases (meningitis, diphtheria, pertussis, tetanus and polio).

The country also plans to import a three-in-one vaccine to protect children against measles, mumps and rubella in April this year.

Currently, many localities in Vietnam are facing a shortage of vaccine for children, particularly in Hanoi and Ho Chi Minh City. The Vietnam Pharmaceutical Management Department has asked importers to map out detailed plans to buy more vaccine that Vietnam is lacking.

The Department also requested preventive healthcare centers and immunisation centers across the country compile reports on the need for vaccines so that the Department can provide an adequate supply.

Source: VOV

Source: QDND

Sterner tax regime on car imports

In Vietnam Economy on March 8, 2010 at 2:38 am

Sterner tax regime on car imports

QĐND – Thursday, March 04, 2010, 20:12 (GMT+7)

The General Department of Customs has issued a new reference table of imported car prices aimed at helping its officials to combat import tax evasion.

The department’s new taxable price table lists over 1,000 automobile and truck models, both new and used (under 9-seat cars, buses and lorries), and increases the reference prices for tax purposes by 2-20 percent.

The reference price of a Toyota Corolla, for purposes of calculating the import tax, has risen in the table by about 1,500 USD over 2009, while high-grade models from Bentley, BMW and Cadillac would see increases of thousands of US dollars.

The department based the new table on the suggested retail prices of foreign auto manufacturers and the fluctuation in the foreign exchange rate between the dong and the US dollar.

Customs officials would continue to apply tax rates set by the Ministry of Finance to the actual declared value of the vehicles, but the higher referent prices would increase pressure on importers to properly document any prices that significantly vary from the reference prices in the table, said Nguyen Van Can, deputy head of the department.

Deputy Minister of Finance Tran Van Hieu also said, at a press conference on March 2, that it was necessary to more closely control the importation of luxury goods to balance the country’s trade deficit.

In light of Government’s efforts to cut the trade deficit, the volume of automobiles imported into Vietnam decreased sharply in the first two months of the year, with 3,400 units imported in January and 2,500 in February, decreases of 69.6 percent and 26.5 percent from previous months. The trend was expected to continue in March, according to a General Statistics Office prediction.

Source: VNA

Source: QDND

Vietnam protests EU penalty tax on shoe imports

In Vietnam Economy on October 18, 2009 at 3:01 am

Vietnam protests EU penalty tax on shoe imports

QĐND – Saturday, October 17, 2009, 19:24 (GMT+7)

The Ministry of Industry and Trade (MIT) has once again raised a protest against the European Union’s anti-dumping duties on leather shoes imported from Vietnam.

In an interview with the Vietnam News Agency on October 16, MIT Deputy Minister Le Danh Vinh said the European Commission’s report on their term-end review, which was made public on October 13, did not reflect the reality of Vietnam’s shoe-making industry. He said the proposal to extend the penalty duties for 15 months is “unfair and unreasonable”.

Mr Vinh said the tariff has badly affected the shoe-making industry – an important industrial sector in Vietnam which employs more than 500,000 workers, mostly women. He said the industry is suffering a “double hit” after the EC recently excluded Vietnamese footwear from the list of products under the Generalised System of Preferences (GSP).

Mr Vinh pointed to the fact that the imposition of high duties over the past three years has not protected the interests of a number of less competitive EU shoe makers, and has caused harm to the legitimate interests of EU investors in Vietnam’s shoe industry, as well as importers, distributors and retailers in the EU markets and their consumers.

In addition, the anti-dumping case ran counter to the EU’s consistent policy of supporting trade liberalisation, preventing protectionism and expanding assistance programmes for under-developed and developing countries, including Vietnam.

Mr Vinh said his ministry requested that the EC reconsider the report and remove the anti-dumping duties when the term-end review is completed.

The Vietnamese government hopes to solicit further support from EU member countries in urging the EC to put an end to the anti-dumping measures, he said.

Source: VOVNews/VNA

Source: QDND Bookmark & Share