Asia - Pacific (Pacific Rim) is the regional strategic importance, accounting for about 40% of the territory and over 41% of the world population. It features wealth natural resource, especially oil accounts for more than 65% of global reserves, and there are many arterial transport routes of the world pass by. Recent decades, the area has always achieved high economic growth; many countries have achieved high growth rates in the world.
1. The order of execution:
- Step 1: The customs implement the customs declaration and present customs documents (if any), present actual goods (if any) to the customs office.
- Step 2: Customs officers carry out the customs clearance of goods for the person who conducts customs declaration.
From January 1st, 2016, the export tariff, preferential import tariffs, according to the list of taxable items officially take effect, according to Circular No. 182/2015 / TT-BTC issued by the Ministry of Finance dated 11/16/2015.
In 2016, as many free trade agreements were signed which will create advance conditions for Vietnam's agricultural products access to foreign markets. However, coming along with advantages are aheading challenges.
The Vietnam Customs Statistics announced that in the first half (01-15/3/2015) of March-2016, Vietnam’s total exports of US dollars 7.06 billion and imports of US dollars 6.80 billion resulted in a trade surplus of US dollars 264 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of March was US dollars 13.86 billion, increased by 4.6% (equal to USD 606 million) as compared to the second half of February-2016.
Vietnam‘s trade-in-goods from January to the first half of March of 2016 totaled US dollars 60.54 billion in value terms. It posted an increase of 0.8% (equivalent to USD 464 million) from the same period of previous year. In which, the total merchandise export value was up 5.7% to US dollars 30.74 billion and the total merchandise imports value was down 3.8%, to US dollars 29.80 billion.
In the view of Foreign Direct Invested (FDI) traders, the value of exportation and importation in the first half of March reached USD 5.04 billion and USD 4.14 billion respectively. In comparison to the performance of corresponding period of 2015, from January to March 15th of 2016, the total export value of FDI traders went up 9.4% to US dollar 21.63 billion. In the meanwhile, import value was posted at USD 17.94 billion, down by 4.3%.
Export:
When compared with the second half of February-2016, export of first half of March went up by 7.0%, mostly as a result of the upturns registered in following products: textiles and garments (up by USD 206 million); wood and wooden products (up by USD 74 million); precious stones, precious metal and articles thereof (up by USD 35 million)..
Import:
In the first half of March 2016, import increased by 2.2% in comparison to second half of February, mainly reflecting the upwards of animal fodders and animal fodder materials (up by USD 57 million); computer electrical products spare parts and component thereof (up by USD 52 million); iron and steel (up by USD 36 million); other base metals (up by USD 24 million);...
Source: Vietnam Customs
DA NANG (Biz Hub) — The representatives of the Chambers of Commerce and Industry from Da Nang and Russia's Union Primorye (Primorsky) signed an Memorandum of Understanding (MoU) on trade, investment, export, and tourism on June 4.
Ngày 15/12/2014, Thương vụ - Đại sứ quán Việt Nam tại Mexico phối hợp với Hiệp hội xúc tiến chuyên ngành Mexico (AMPPRO), tổ chức hội thảo "Cơ hội kinh doanh, đầu tư và du lịch" với Việt Nam và tiếp xúc với các doanh nghiệp xuất nhập khẩu Mexico.
(Source: Respective websites and also visit: www.Google.com/ World Directory of Importers)
Market Intelligence