(VEN) - The Ministry of Finance has submitted to the government a draft decree on preferential export tariffs and special preferential import tariffs under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the 2019-2022 period. Since the treaty entered into force, local firms have paid great attention to tax and customs issues, seeking to know the tariff reduction roadmap to come up with suitable business strategies. Vu Nhu Thang, head of the Department of International Cooperation under the Ministry of Finance, told participants at a seminar on tax policy and customs procedures in the implementation of the CPTPP, that a draft decree on preferential export tariffs and special preferential import tariffs under the CPTPP during the 2019-2022 period is expected to be issued in June. The Ministry of Finance and the General Department of Vietnam Customs will put forth tax rates under the CPTPP in comparison with other free trade agreements (FTAs), … [Read more...] about CPTPP tariff cuts to benefit 300 export goods
Raindance select s 300
Local footwear firms have reportedly optimized export opportunities from the Canadian market thanks to their strict compliance to origin regulations. Vietnam Economics News, a press office under the Ministry of Industry and Trade (MoIT), reported that the draft decree has been submitted by the Ministry of Finance to the Government for approval within the month. Local firms are keen on updating changes to tariffs and customs procedures related to the implementation of the CPTPP so that they could plan out their business strategies. During recent talks on tax policy and customs procedures for the implementation of the CPTPP, Vu Nhu Thang, head of the Department of International Cooperation under the Ministry of Finance (MoF), said that when drafting the decree, the MoF and the General Department of Vietnam Customs will put forth tax rates under the CPTPP in comparison with other free trade agreements (FTAs). The new generation pact will allow firms to select appropriate tariffs for … [Read more...] about Decree set to benefit 300 goods from CPTPP tariff cuts
HCMC-based Ton Duc Thang University and Tra Vinh University in the southern province of the same name are ranked 182nd and 256th, respectively, in the list of 719 most sustainable universities in the world this year. Last year, Ton Duc Thang University and Tra Vinh University were ranked 245th and 305th, respectively. The metric, launched in 2010, grades universities on six criteria: their settings and infrastructure, energy efficiency and carbon footprints, waste treatment plants, water usage, transportation systems, and education and research programs. The ranking, an initiative of the University of Indonesia, aims to draw the attention of university leaders and stakeholders to combating climate change and resource conservation by assessing current conditions and policies of universities. Vietnam currently has 84 private schools, 60 universities and 24 colleges, with over 13,000 lecturers and 330,000 students. Their students account for 14 percent of the country’s total. … [Read more...] about Two Vietnamese universities ranked among world’s 300 most sustainable
After studying Doosan Vina and a number of suppliers’ productive capacity surveys, Samsung Engineering Limited (SECL) has selected Doosan Vina as a partner in several SECL projects. Samsung Engineering and Doosan Vina signing the frame agreement for partnership Prior to signing the Doosan Vina deal, SECL spent more than a year carefully reviewing the quality, capability, and safety of each Doosan Vina product to meet international standards and expectations. Samsung Engineering Co., Ltd. and Doosan Vina Co., Ltd. signed a Memorandum of Understanding and frame agreement in June 2018. According to the agreement, Doosan Vina will be responsible for manufacturing equipment at the $300 million high-tech complex located in central Quang Ngai province. With this contract, Doosan Vina received the first order of $13 million on October 12, 2018, and will be responsible for the design, manufacturing, assembly, and the testing of oil for the project to improve flexibility in crude … [Read more...] about Samsung Engineering selects Doosan Vina as partner
The move aims to affirm the bank’s prestige and position in the international community, while paving the way for the bank to gain a place among the world’s top 300 banking and financial groups. Vietcombank’s representative office in New York will perform the functions of connecting with existing and potential customers in the U.S. market; carrying out analysis reports on the market and finance-banking sector; supporting the maintenance of relations with U.S. financial institutions; and attending business conferences and seminars to establish relationships. The event marks a significant strategic step for Vietcombank, and it will be the first time a Vietnamese commercial bank has ever been licensed to set up a representative office in the US, one of the world’s leading countries regarding its transparent and complete legal framework, and close management and supervision mechanism. The event highlights the position, brand and influence of the Vietnamese … [Read more...] about Vietcombank receives permit to open representative office in the U.S.