Import

The number of locally-assembled vehicles sold in Jan-Oct was 153,100 units, while that of imported ones was 106,100, according to the Vietnam Automobile Manufacturers Association (VAMA). Sales of all vehicles rose 16 percent year-on-year to 259,200 units in the period, with passenger cars accounting for 73.3 percent. Data from the Ministry of Industry and Trade shows that Vietnam imported 92,200 cars with nine seaters or under from January to October. Vietnam’s Truong Hai Auto (THACO) accounted for over 30 percent of total sales, followed by Japan’s Toyota with 26 percent. The best-selling car in January-October was the 7-seater Mitsubishi Xpander, followed by the Honda CR-V SUV and the Toyota Vios 1.5G sedan. The value of imports of all vehicles reached $1.75 billion in the first ten months of the year, up 250 percent year-on-year, it said. Local businesses assembled and manufactured 284,200 vehicles, up 8.6 percent year-on-year. Vietnam earlier last year tried to … [Read more...] about Consumers show preference for imported cars

Border guards of Phu Hoi station and police of the drug and criminal prevention force of An Giang Province discovered a boat from Cambodia into Vietnam through Phu Hoi Commune in An Phu District carrying 30 pigs totally weighing 1.8 tons worth VND90 million (US$ 3,878). Most of the pigs are weak and pale. Two men including Le Van Hai in An Phu District and Le Van Gieng in Ta Kheo District in Cambodia said that they were hired by a Vietnamese man named Hiep, who paid them VND500,000 each to transport pigs into An Giang. Border guards seized all the pigs because of unclear origin and destroyed all. According to the Department of Husbandry and Animal Health in the Mekong delta, prices of pigs are fluctuating from VND 60,000- VND63,000 per kilogram but the supply is dwindling while price of pigs in Cambodia is around VND10,000; therefore, relevant agencies keep alert on smuggled pigs through border gates from now to the Lunar New Year when the demand of pork increases. By staff writers … [Read more...] about Border guards seize illegal imported pigs from Cambodia into An Giang

Recently, many imported products with the illegal nine-dash line have been detected in Vietnam, capturing public attention. The "cow's tongue line" or "nine-dash line" is a concept that China relies on to claim historical rights over almost of the East Sea (internationally known as the South China Sea), which is contrary to international law. In 2016, the Permanent Court of Arbitration (PCA) issued a ruling confirming that China's declaration has no legal basis. Vietnam has repeatedly stated that it does not accept China’s use of the cow's tongue line to encroach on Vietnam's waters. The US Department of State also said that China's nine-dash line in the East Sea is 'ridiculous and illegal'. China's ambition is real and consistent, as shown in the fact that its people wear clothes or use passports printed with the nine-dash line. That is an unacceptable act. In Vietnam, many cultural products from China with the nine-dash line on them have been detected. In March 2018, the film … [Read more...] about Be careful with imported products featuring China’s illegal nine-dash line

The central bank agreed to suspend the import of cryptocurrency mining machines. - Photo nld.com.vn This came in response to an official letter from the MoIT asking for SBV’s coordination in research and comments on the management of cryptocurrencies in the country, in which the MoIT proposed to temporarily ban the machine imports. Earlier, Deputy Prime Minister Trinh Dinh Dungrequired the MoIT, Ministry of Finance (MoF), SBV and other relevant ministries and agencies to study and consider the imports of cryptocurrency mining machines based on their management and current legal regulations. After the Government’s direction, the MoF scrutinised the cryptocurrency issue in the country. According to the MoF, cryptocurrency mining machines are not on the list of goods banned from importation and are not subject to the list of specialised management or unsafe goods, so enterprises are easily allowed to complete the import procedures. However, the use of mining equipment for … [Read more...] about Central bank agrees to suspend import of cryptocurrency mining machines

Tran Quoc Vuong, Politburo member and standing member of the Party Central Committee’s Secretariat (R), and Emilia Moiane, member of the Central Committee of the ruling Mozambique Liberation Front (Frelimo) and Director of the Mozambique Information Office (Gabinfo) (Photo: VNA) Hanoi (VNA) – Vietnam attaches importance to developing relations with Mozambique, which is an important partner of Vietnam in southern Africa, said Tran Quoc Vuong, Politburo member and standing member of the Party Central Committee’s Secretariat on November 12. He made the affirmation during a reception in Hanoi for Emilia Moiane, member of the Central Committee of the ruling Mozambique Liberation Front (Frelimo) and Director of the Mozambique Information Office (Gabinfo), who is in Vietnam for a working visit. Vuong congratulated Frelimo for its success in the general election in Mozambique in October this year, and expressed his belief that under the leadership of the party, the … [Read more...] about Party official affirms Mozambique’s importance to Vietnam