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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

11,693 cars are both locally assembled and completely built units imported including Camry, Corolla, Innova, Alphard, Fortuner, Land Cruiser 200, Land Cruiser Prado, Hilux and Hiace that were built from 2017 to 2019. Lexus Vietnam also recalled 1,334 cars that were built from 2017 to 2019. Those cars have shown error warnings, vibrating engines, failure to start or sudden stop while running. Those errors are caused by a fuel pump inside the fuel tank. The pumps may have low quality and lost their shapes and become broken when the cars are fuelled. Both Toyota and Lexus Vietnam said they would replace the fuel pump for free for all of their customers who are affected. The repair will take up to four and a half hours to complete. Customers can directly contact Toyota or Lexus agents in Vietnam for the repair. People who bought those cars via unofficial channels will also get support. Toyota and Lexus Vietnam will work with the mother company Toyota Motor Corporation for … [Read more...] about Toyota recalls 13,000 cars over fuel pump error

The leader continued asking the PAN’s Editor in Chief Senior Colonel Doan Xuan Bo about the newspaper’s staff, its information dissemination work, and its future development plan. He also inquired work of each member of the visiting delegation. During his talks, he turned his face toward Deputy Editor in Chief Senior Colonel Do Phu Tho and said, “I still remember Do Phu Tho. You often accompanied me when I went on overseas business as the National Assembly Chairman.” … [Read more...] about PAN is an exemplar in Vietnamese revolutionary press: country’s top leader

It comprises eight key desired outcomes, including speeding up ASEAN recovery from COVID-19, increase in the quality and coverage of fixed and mobile broadband infrastructure, delivery of trusted digital services and prevention of consumer harm, a sustainable competitive market for the supply of digital services, increase in the quality and use of e-government services, digital services to connect businesses and facilitate cross-border trade, increased capacity of businesses and people to participate in the digital economy, and a digitally inclusive society in ASEAN. … [Read more...] about ASEAN Digital Masterplan 2025 adopted

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