Vietnam customs steps up fight against origin frauds in trade
In order to better combat trade fraud activities in the future, the Ministry of Finance is requesting related agencies to soon issue specific criteria for domestically-produced goods.
In order to better combat trade fraud activities in the future, the Ministry of Finance is requesting related agencies to soon issue specific criteria for domestically-produced goods.
The government forewent over VND8.2 trillion (US$355.45 million) in customs revenue between January and October as a result of Vietnam's commitments to free trade agreements.
Car sales in Vietnam in the January–September period dropped 22% year-on-year to 179,155 units across all segments.
Both sides expected to cooperate in the distribution of potential Covid-19 vaccines in the coming time.
This marked the rise in number of imported cars to Vietnam in two consecutive months, following a 34% increase in July.
The record US$13.5 billion trade surplus in the eight-month period far exceeded the unprecedented figure of US$11.12 billion last year.
A trade surplus of US$10.08 billion as of August 15 puts Vietnam in a strong position to surpass the record figure of US$11.12 billion in 2019.
Vietnam attained a trade surplus of over US$8.4 billion during the first seven months of this year, significantly higher than the surplus of US$1.8 billion recorded in the same period last year.
The construction industry grew 4.5% year-on-year during the first six months of 2020, which was higher than the GDP growth rate of 1.8%.