Decree No. 59/2018 / ND-CP and Circular No. 39/2018 / TT-BTC came into force from 5 June 2018, which are two broad legal documents. After a month of implementation, the General Department of Vietnam Customs has recorded and answered some questions from local Customs departments.
Vietnam continues the call for more incentives for experts, scientists, as well as domestic and international enterprises to accompany Vietnam in its adoption of the Fourth Industrial Revolution (Industry 4.0), stated Prime Minister Nguyen Xuan Phuc on July 12.
The Customs News interviewed Mr. Le Quoc Phuong, former deputy director of the Industry and Trade Information Center (the Ministry of Industry and Trade) about the effects of this "war" on Vietnam’s economy.
The textile and apparel industry was defined as a field with one of the highest growth rates potentials over the next 12 years. However, companies in the sector face challenges due to global trade policy changes and the boom of the Fourth Industrial Revolution. Việt Nam News reporter speaks to Trần Thanh Hải, deputy director of the Import-Export Department under the Ministry of Industry and Trade and Thân Đức Việt, deputy general director of Garment 10 Corporation Joint Stock Company (Garco 10) about the issues.
Officials and experts fear Chinese goods could flood Vietnam, affecting both domestic sales and exports of Vietnamese firms.
The ministries, sectors and locality have been implementing measures to stabilize the market and control inflation, especially during Tet holidays and at the times when there are many fluctuations in the market. This is the opinion of many experts at the seminar on Market price changes in Vietnam in the first 6 months. Forecasts for the remainder of 2018 took place at the seminar on July 3 in Hanoi.
At the Vietnam Business Forum (VBF) mid-term 2018, the Car and Motorbike Working Group has suggested that the automobile market is in turmoil. This uncertainty is not only for imported vehicles but also for assembled vehicles. The cause stems from some regulations on administrative procedures.
The Ministry of Planning and Investment on July 9 released a report on the recommendations for the strategy and orientation of new-generation free trade agreement (FTA) attraction for 2020-2030, a key piece of the socio-economic development strategy for 2021-2030.
The United States under President Trump has in effect launched a trade war with its announcement of new tariffs targeted at imports from US allies and China. But this strategy could backfire, with devastating effects that reverberate far beyond the US.
Manufacturers in developed markets are eager to explore the digital technologies covered by the 'Industry 4.0' label, but Asean firms have been slower to get onboard, says McKinsey in its report Industry 4.0: Reinvigorating ASEAN Manufacturing for the Future. ASEAN BUSINESS summarises the report's main insights.
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