Experts are again issuing a warning to local enterprises to pay attention to intellectual property (IP) rights when doing business overseas.
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The nation’s export of leather, footwear, and bag products last year reached US$20 billion, representing a decline of 10% compared to figures from 2019 due to a drop in the number of export orders in major markets, according to statistics released by the Vietnam Leather and Footwear Association (Lefaso).
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Vietnamese Minister of Industry and Trade Tran Tuan Anh and German Federal Minister of Economics Peter Altmaier co-chaired the first meeting of the joint committee for economic cooperation between the two countries which took place virtually on January 12.
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The Asia-Africa Market Department under the Ministry of Industry and Trade announced that the General Administration of Customs of China would continue issuing transaction codes allowing one Vietnamese company and one factory to export dairy products to the Chinese market.
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Some Vietnamese exporters of tyres have been hit with a 22.3 per cent anti-dumping duty in the US, according to the Ministry of Industry and Trade.
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In 2016, textile export turnover was only US$28.1 billion, but by 2019 it reached US$38.9 billion, with average growth of 9.55%. In particular, the trade surplus has outstanding growth when it reached US$11.1 billion in 2016 and US$16.9 billion in 2019.
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The Inside US Trade has published an article entitled “US, Vietnam working to avoid imposition of Section 301 tariffs”.
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Russia moved to ramp up pepper imports from major markets, including Vietnam, along with India and Indonesia, during the past 10 months of last year, with imports from the country reaching 6,100 tonnes worth US$15.54 million, according to the Russian Federal Customs Service.
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Việt Nam exported US$281.5 billion in goods and services in 2020, a 6.5 per cent year-on-year increase while maintaining of a positive trade balance of over $19 billion, the Ministry of Trade and Industry said in a year-end conference held on Thursday in Hà Nội.
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To overcome shortcomings in the analysis and classification of goods, applying tax rates, restrict application of a product with different analysis results leading to different classification, the General Department of Vietnam Customs is drafting a circular on amending and supplementing a number of articles in Circular 14/2015/TT-BTC in the direction of facilitating enterprises to implement policies to ensure self-declaration and self-calculation of tax are carried out in accordance with regulations.
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