More solutions for businesses to take advantage of tariff incentives from FTAs

More solutions for businesses to take advantage of tariff incentives from FTAs

VCN - According to VCCI, authorities need to support businesses to take advantage of tariff preferences, because this is the most easily realized aspect of FTAs. Commenting on completing the Government's draft Resolution on a number of key policies and so
To remove difficulties for businesses, export and preferential import tariffs must be collected

To remove difficulties for businesses, export and preferential import tariffs must be collected

VCN - Decree No. 101/2021/ND-CP was issued to remove difficulties for domestic production and business enterprises affected by the pandemic.
US removes tariff threats against Vietnam

US removes tariff threats against Vietnam

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.
One out of every four new enterprises has obtained benefits from the CPTPP

One out of every four new enterprises has obtained benefits from the CPTPP

VCN- According to a report from VCCI, on the level of knowledge of enterprises about the CPTPP, 69% of enterprises heard or had preliminary knowledge about this agreement, higher than all of other FTAs, 25% of enterprises had certain knowledge about this
Consumption, investment and exports continue to accelerate

Consumption, investment and exports continue to accelerate

VCN- In the first quarter of 2021, GDP growth; although the level of 4.48% is higher than the growth forecasted in the report in January 2021, it is still 0.64 percentage points lower than the target set in the Resolution 01 / NQ-CP.
Proactively accompany with businesses in EVFTA

Proactively accompany with businesses in EVFTA

VCN- When the EVFTA took effect (August 1, 2020), the top concern of the businesses is that the goods exported to the EU will increase price competitiveness when nearly 99% of exports to the EU will have import duties eliminated.
RCEP does not create a "shock" in tariff reduction for Vietnam

RCEP does not create a "shock" in tariff reduction for Vietnam

VCN - The implementation of the Regional Comprehensive Economic Partnership (RCEP) after being approved will not create a "shock" on tariff reductions for Vietnam.
EVFTA tariff is in effect, opportunities for Vietnamese businesses are ready

EVFTA tariff is in effect, opportunities for Vietnamese businesses are ready

VCN- The Government issued Decree No. 111/2020/ND-CP dated September 18, 2020 on Vietnam's Preferential Export Tariffs and Special Preferential Import Tariffs to implement the free trade agreement between Vietnam and the European Union (EVFTA) for the period 2020-2022. Customs newspaper spoke with Pham Tuan Anh - Deputy Director of International Cooperation Department, Ministry of Finance around this.
Benefits from EVFTA, billion-dollar agricultural products rush in to EU

Benefits from EVFTA, billion-dollar agricultural products rush in to EU

VCN- Rice, fresh vegetables and coffee are major agricultural products mentioned by the Ministry of Agriculture and Rural Development when taking advantage of export opportunities to the EU due to the EVFTA
Single power price of nearly 3,000 VND / kWh "forces" users to choose ladder tariff?

Single power price of nearly 3,000 VND / kWh "forces" users to choose ladder tariff?

VCN- The Ministry of Industry and Trade is consulting the draft decision of the Prime Minister on the structure of the electricity retail tariff to amend Decision 28/2014 / QD-TTg on the structure of the electricity retail tariff.
Tobacco imports under tariff quota in CPTPP adjusted

Tobacco imports under tariff quota in CPTPP adjusted

VCN – The Ministry of Industry and Trade issued Circular No. 03/2020/TT-BCT stipulating tobacco imports under the tariff quota described in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Tariff removal doesn’t mean easy entrance into EU market: minister

Tariff removal doesn’t mean easy entrance into EU market: minister

Overcoming tariff barriers doesn’t mean Vietnamese good and services can easily enter the European Union (EU), but they still have to satisfy strict non-tariff requirements of what is one of the world’s most demanding markets, according to Minister of Ind
CPTPP - Opportunities from tax policy for businesses

CPTPP - Opportunities from tax policy for businesses

VCN – CPTPP members are committed to abolishing 97% to 100% of tariff lines for goods imported from Vietnam to meet the rules of origin
Preferential import and export tariffs completed to implement CPTPP

Preferential import and export tariffs completed to implement CPTPP

VCN- In order to implement Vietnam's export and import tax commitments under the CPTPP Agreement, the Ministry of Finance develops and submits to the Government for promulgating a Decree on export tariffs on special preferential tariffs of Vietnam under e
Being active to get “sweet fruits” from the CPTPP

Being active to get “sweet fruits” from the CPTPP

Vietnamese goods are officially entitled to preferential tax rates from January 14, 2019, and Vietnamese enterprises need to really increase their sense of autonomy in order not to miss any opportunities.
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