The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the Ministry of Finance study the impact of eliminating excise tax on petrol and report it to the National Assembly at the next sitting.
Vietnam has signed 15 free trade agreements (FTAs), including several new generation FTAs, a move which is anticipated to create a breakthrough in trade and produce a large trade surplus in the year ahead.
Vietnam trade forecast to set new record this year vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
This also marks the third time that the export of timber and wood products has exceeded the threshold of USD1.5 billion per month. The export value of timber and wood products to the majority of major markets increased in January, of which the United States took the lead with USD928.2 million, up 12.8% on-year. This was followed by Japan with USD153 million and China with USD134.4 million. With an export turnover of over USD1.5 billion, timber and wood products are among seven groups of export commodities which saw a turnover of more than USD1 billion in January. These products are also among the top three commodity groups that have witnessed double-digit growth, behind only garments and textiles. According to experts, there are also a number of advantages for the wood industry to make breakthroughs in the year ahead thanks to the gradual recovery of the global economy after the COVID-19 pandemic. Other factors will create a driving force which will ultimately accelerate the export of
VIETNAM BUSINESS NEWS JULY 28 vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.