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Experts also emphasised enterprises importing raw materials or semi-finished products from a third country to process then export to the US needed to pay special attention to the history of the trade of such goods between the United States and the third country and not use raw materials and products that the US was applying trade remedies for export or all products of Viet Nam will be subject to the same commercial defence measures. … [Read more...] about Exporters to identify risks of trade defence measures in the US

HCM City (VNS/VNA) - Officers tasked with preventing fake goods, trade fraud and smuggling in Ho Chi Minh City and southern border provinces have been forced to work hard ahead of Tet (Lunar New Year), which falls on February 12 this year. Last week, the HCM City customs department discovered 14 steel containers that consignee V.V Steel Company described wrongly to evade tax. The company, in Long An province’s Duc Hoa district, made a declaration that would have allowed it to enjoy 0 percent tax instead of the 10-15 percent it had to pay, equivalent to 1 billion VND (43,000 USD). Now, besides the tax it will also have to pay a penalty of 20 percent of the amount. Smuggling and trade fraud are becoming increasingly sophisticated. Truong Van Ba, Director of the HCM City Market Surveillance Department, said last year 25,538 violations had been discovered involving loss of tax revenues of 5.8 trillion VND. Competent agencies filed charges in 113  cases. … [Read more...] about HCM City, southern provinces step up efforts against fake goods

The document looks to digital cooperation among the regional nations during the 2021-2025 period to turn ASEAN into a leading digitally connected community and economic bloc powered by digital transformation services, modern technology, ecological system and cyber security guarantee. … [Read more...] about ASEAN Digital Masterplan 2025 adopted

During the visit, the Deputy Chief of the General Staff expressed delight at the positive results obtained by the units in 2020 and the first days of 2021, especially the Border Post of Chi Ma Border Gate. Last year, the post’s personnel overcame all challenges to prevent the COVID-19 pandemic from entering the country. He affirmed that the achievements have contributed to raising local leadership’ and people’s trust in Uncle Ho’s soldiers. … [Read more...] about General Staff mission visits units in Lang Son province

The PIF supports the public sector investments in developing countries in line with the Sustainable Development Goals of the UN and utilise Finnish expertise and technology. It supports investment projects in social services provision, such as water supply, environmental sanitation, environment protection, climate change response, energy, and clean technology. … [Read more...] about Finland provides US$100 mln for public sector investment in Vietnam