Hanoi (VNS/VNA) - The General Department of Customs will focus on cracking down origin frauds and illegal transshipment as violations are becoming more rampant and complex as Vietnam integrates more deeply into the global economy. Nguyen Tien Loc, Director of the General Department of Customs’ Post-Clearance Inspection Department, made the statement at a conference about the fight against origin fraud on July 6 in Hanoi. Loc said origin fraud and illegal transshipment were being committed to avoid the US’s tariffs on Chinese products and enjoy preferential tariffs on products from Vietnam. With the escalating US-China trade war, tariffs on products originating in China and exported to the US rose by about 7.5 percent to 285 percent, a huge difference with tariffs on products originating in Vietnam, Loc said. Loc said the customs watchdog found a number of cases of origin faking and illegal transshipment, adding that origin faking … [Read more...] about Customs watchdog to focus on origin frauds, illegal transshipment
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CanAm has 30 years of experience exclusively promoting and administering private and government immigration-linked investment funds, with a known track record in assisting with immigration. CanAm leads the EB-5 industry in capital repaid to investors, having raised nearly US $3 billion of EB-5 capital for 60 projects. By the end of 2020, US $1.7 billion in EB-5 capital from 3,400 investor-families will have repaid by CanAm's 45 EB-5 projects. Over 2,300 investor families achieved their permanent resident status in the U.S. through CanAm's EB-5 projects (7,200+ permanent green card issued to CanAm's Investors and their families). … [Read more...] about CanAm: More Hong Kong residents favoring EB-5 visa to immigrate to the U.S.
The Civil Aviation Administration of Vietnam has proposed the Ministry of Transport to resume international flights in late July in the context that numerous countries are considering a “travel bubble” policy. The policy would essentially be an exclusive partnership between neighbouring or nearby countries that have demonstrated considerable success in containing and combating the COVID-19 pandemic within their respective borders. … [Read more...] about New large-scale ventures promise more to follow
According to BSR, the main reason for the loss was that it must buy crude oil in advance according to contracts signed from November to December last year with price formulas based on reference crude oil prices and price surcharges at that time when the Brent oil price was about $65-70 per barrel. … [Read more...] about BSR asks for tax exemptions to overcome difficulties
Under the Viet Nam-EU Free Trade Agreement (EVFTA) effective from August 1, the EU pledges to provide an annual rice quota of 80,000 tonnes to Viet Nam and completely liberalise trade in broken rice. After three to five years, tariffs on rice products will be slashed to zero per cent. … [Read more...] about Viet Nam to increase rice exports to EU under EVFTA