Laos’s fuel demand rose but was unable to buy from other countries, and Vietnam sought to help its neighbor, the Vietnam Trade Office in that country said in a statement. Laos relies on imports from neighboring Thailand for most of its petroleum. But in May last year Thai oil and gas firm PTT Oil and Retail Business Pcl, which operates 53 gas stations in Laos, said it plans to distribute fuel as usual, but that there may be "gaps." Overall exports to Laos rose by 10.4% to $656.4 million. Other export items included steel, which fell 15% to $60.1 million, and fertilizer, which rose 31% to $32.5 million. Imports from Laos rose by 34.6% to $1 billion, with the main items being wood and wood products, fertilizers and rubber. Most items traded between the two countries enjoy zero tax under the ASEAN Trade in Goods Agreement, the Vietnam - Laos Bilateral Trade Agreement and the Vietnam - Laos Border Trade Agreement. In the last three years Laos has become a favored destination … [Read more...] about Vietnam petroleum exports to Laos quintuple
Vietnam laos border crossing dien bien phu
Lang Son posts 1.7 billion USD in goods trade via border gates
Trucks at the Huu Nghi border gate in Lang Son (Photo: haiquanonline.com.vn) Lang Son (VNA) – The value of trade via border gates with China in the northern province of Lang Son amounted to 1.7 billion USD in January. Of the sum, the value of imports and exports with customs declarations reached 111 million USD, up 27% from last year. Also in the month, nearly 170,000 tonnes of Vietnam ese farm produce were exported through the border. Notably, between January 24 and now, some 1,500 trucks carrying some 20,000 tonnes of exports were cleared. These numbers sent positive signals particularly as Lang Son ’s border trade activities are on the rise since China reopened its border. At the beginning of February, the province saw five border crossings operating. These incuded the Huu Nghi international border gate, Chi Ma bilateral border gate, Tan Thanh and Coc Nam auxiliary border gates, and Dong Dang international railway station border gate. Currently, trade … [Read more...] about Lang Son posts 1.7 billion USD in goods trade via border gates
Vietnam collects $78 million in tax from foreign tech giants in 2022
Vietnam collects $78 million in tax from cross-border platforms in 2022 According to the department, in March 2022, it launched the information portal for foreign service providers. As of the end of October last year, over 40 foreign service providers had registered and declared tax on the information portal for foreign service providers. Meta, Google, Microsoft, TikTok, Netflix, and Apple, which account for 90 per cent of revenue from e-commerce services on cross-border digital platforms , have declared and paid taxes in Vietnam, totalling tens of millions of dollars. For example, Google paid $28.8 million, Meta (Facebook) $34.5 million, and Apple with $7.56 million. These cross-border platforms, which account for 90 per cent of revenue from e-commerce services on cross-border digital platforms, have declared and paid tax in Vietnam, totalling tens of millions of dollars. Tax revenue collected from cross-border platforms has increased thanks to the launch of the electronic … [Read more...] about Vietnam collects $78 million in tax from foreign tech giants in 2022
Huawei Viet Nam brings education technology to mountainous areas
Huawei Viet Nam granted 54 laptops to Tien Cat Primary School in the northern province of Phu Tho. Photo courtesy of the Huawei Viet Nam Huawei Viet Nam has implemented a series of activities to support education in mountainous areas. The company has granted 54 laptops to Tien Cat Primary School in the northern province of Phu Tho and 100 tablets in Bac Kan Province with an aim of ending the shortage of technological equipment for teachers and students in the mountainous areas. Fang Yu, Deputy General Director of Huawei Viet Nam said: “As the world's leading provider of IT infrastructure and smart devices with 35 years of history in the world, Huawei believes that primary education plays an extremely important role for talent development for the country and society. As we are entering the digital age, the school's orientation to fostering students' computer knowledge from primary school is a very right direction.” Huawei Vietnam will also build two new schools including Son … [Read more...] about Huawei Viet Nam brings education technology to mountainous areas
☕ Afternoon briefing on February 2
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Prime Minister Pham Minh Chinh on February 2 asked the Government, ministries, agencies and localities to boost production and trade, deal with difficulties to be faced by businesses and people this month to achieve rapid and sustainable socio-economic development. Chairing the Government’s monthly teleconference with localities, PM Chinh said since the beginning of this year, the Government has followed the Party Central Committee’s conclusions, the National Assembly and Government’s resolutions and Party General Secretary Nguyen Phu Trong’s directions on 2023 socio-economic development. Ministries, agencies and localities have also drastically performed their assigned tasks. Read full story - Ambassador Dang Hoang Giang, Permanent Representative of Vietnam, and Ambassador Dennis Francis Smith, Representative of Trinidad and Tobago to the United Nations (UN), on behalf … [Read more...] about ☕ Afternoon briefing on February 2
Dongxing delegation visits Mong Cai to attend CPV’s 93rd anniversary celebrations
Officials of Mong Cai and Dongxing cities at a ceremony marking the 93rd founding anniversary of the Communist Party of Vietnam on February 2 (Photo: VNA) Quang Ninh (VNA) – A delegation of the Communist Party of China (CPC) Committee of Dongxing city in the Guangxi Zhuang Autonomous Region of China on February 2 visited Mong Cai city in Vietnam's northeastern border province of Quang Ninh to attend activities marking the 93rd founding anniversary of the Communist Party of Vietnam (CPV). This was the first in-person exchange between Dongxing and Mong Cai after a nearly-three-year hiatus caused by the COVID-19 pandemic. Secretary of the Dongxing CPC Committee Peng Shaoguan offered congratulations on the CPV’s 93rd anniversary (February 3, 1930 - 2023) and presented gifts to the CPV organisation, administration, and people of Mong Cai. He expressed his wish for continued enhancement of comprehensive and sustainable cooperation between the two localities and their … [Read more...] about Dongxing delegation visits Mong Cai to attend CPV’s 93rd anniversary celebrations