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Vietnamese import-export activities record impressive growth during 2020

04/01/2021

Vietnam's total import-export turnover enjoyed a surge of 5.1% to US$543.9 billion compared to 2019 despite facing numerous difficulties throughout 2020, with the country posting a trade surplus of US$19.1 billion, the highest level for five consecutive years since 2016, according to the General Statistics Office.

India: Anti-dumping duty on viscose yarn proposed

04/01/2021

The designated authority under the Ministry of Commerce and Industry has recommended the levy of anti-dumping duty on viscose spun yarn imported from China, Vietnam and Indonesia.

Vietnam exports over 1.7 million tonnes of coffee in 2020

31/12/2020

Vietnam gained 2.7 billion USD from shipping an estimated 1.7 million tonnes of coffee abroad in 2020, accounting for over 10 percent of the world’s coffee value and 18 percent of the market share.

Handicraft sector strives to achieve export turnover of US$5 billion by 2025

31/12/2020

The consumption of handicraft products is huge with a total value of over US$100 billion, but the production only accounts for over 2% of consumption demand.

India may impose anti-dumping duty on Chinese PET Resin

31/12/2020

India may impose anti-dumping duty on the imports of Polyethylene Terephthalate (PET Resin) originating in or exported from China based on an application led by IVL Dhunseri Petrochem Industries Private Limited and Reliance Industries NSE 0.27 %.

UK steel safeguards to remain with new trade accords: HMRC

31/12/2020

The UK's steel import safeguards system – published Sept. 30 for use from Jan 1, 2021 – will still be applicable to some trade between the EU and the UK, and between Turkey and the UK, following the agreement of new trade accords with these partners in recent days, the UK tax department HMRC clarified Dec. 30.

Origin fraud threatens local exporters

31/12/2020

After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations.

Logistics costs see unprecedented rise due to lack of empty containers

31/12/2020

The Import and Export Sub-Department, has received complaints from businesses and business groups about a shortage of containers that has led to an unprecedented increase in shipping tariffs, Trần Thanh Hải, its deputy director, said.