Zero tax rate applied on VAT free goods and services

Zero tax rate applied on VAT free goods and services

Ministry of Industry and Trade has promulgated Circular 05/2014/TT-BCT, dated 27/01/2014, regulating on temporary import and re-export, transit of goods. Accordingly, enterprises who implement temporary import and re-export, transit goods including frozen foods, used goods and excise goods are conditioned temporary import and re-export business.   continue reading →

Training Conference on Circular 22/2014/TT-BTC of Ministry of Finance and customs procedures for implementing VNACCS/VCIS system.

Training Conference on Circular 22/2014/TT-BTC of Ministry of Finance and customs procedures for implementing VNACCS/VCIS system.

On March 13th, 2014, General Department of Vietnam Customs held the training Conference for customs officers on Circular 22/2014/TT-BTC of February 14th, 2014, stipulating e-customs procedures on commercial imported-exported goods and customs procedures for implementing VNACCS/VCIS system. continue reading →

Trade performance between Vietnam and Malaysia in 2013 and updates for the first month of 2014

Trade performance between Vietnam and Malaysia in 2013 and updates for the first month of 2014

Bilateral relationship between Vietnam and Malaysia has been established for 40 years in 2013.It was also memorized as the year of outstanding trade relationship of these two countries.  continue reading →

Vietnam was reported in the significant trade surplus of over USD 1 billion in November of 2013

Vietnam was reported in the significant trade surplus of over USD 1 billion in November of 2013

Amongst other, total export and import values of Foreign Direct Investment (FDI) traders in November of 2013 climbed down respectively by 6.6% to USD 7.53 billion and by 14.2% to USD 6.13 billion as compared to the result of October. To sum up, trade surplus of  FDI traders in November of 2013 posted USD 1.4 billion in value terms.  continue reading →