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On July 25, 2023, Vietnam’s Minister of Industry and Trade, Nguyen Hong Dien, and Israel’s Minister of Economy and Industry, Nir Barkat, signed the Vietnam-Israel Free Trade Agreement (VIFTA). The agreement was signed at the Office of the Prime Minister of Israel, in the presence of the Prime Minister of the State of Israel, Benjamin…
30
Jul
Jul
Circular No. 06/2023/TT-NHNN, which amends and supplements certain provisions of Circular No. 39/2016/TT-NHNN, has been recently issued by the State Bank of Vietnam. This new circular removes the limitation on borrowing for the purpose of prepaying existing loans at other banks solely for business-related activities. As a result, individuals can now get loans from other…
31
Jul
Jul
One of the proposed solutions by the Ministry of Planning & Investment of Vietnam to cope with the changes in global minimum tax starting from 2024 is to provide financial support to FDI enterprises impacted by the global minimum tax in Vietnam with budget money. The global minimum tax is a worldwide tax policy unanimously…
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Jul
Jul
On July 18, 2023, the United States issued a preliminary determination on the first administrative review of countervailing duty on automobile tires from Vietnam. On May 13, 2020, the U.S. Department of Commerce (DOC) received information about the submission of investigation requests for the application of anti-dumping and countervailing measures on passenger vehicle and light…
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Jul
Jul
On July 25, 2023, the Vietnam Trade Remedies Administration officially issued a notice of accepting applications for the final review of the case involving the imposition of anti-dumping measures on flat-rolled, painted alloy, or non-alloy steel products from China and South Korea. On October 24, 2019, the Ministry of Industry and Trade of Vietnam issued…
24
Jul
Jul
According to information from the Vietnam Timber and Forest Product Association (Viforest), the U.S. Department of Commerce (DOC) will issue its final determination on the anti-circumvention inquiry of anti-dumping and countervailing duties on hardwood plywood imports from Vietnam, following a prolonged delay. Under this final determination, up to 37 Vietnamese companies could be subject to…
24
Jul
Jul
With the announcement by UK Prime Minister Rishi Sunak about the completion of negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and thus formally becoming a member of the CPTPP in the near future, the UK will officially recognize Vietnam, a full-fledged member of the CPTPP, as a market economy in…
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Jul
Jul
In order to gather more information on the anti-dumping investigation against the imported prestressed steel cable products from Malaysia, Thailand, and China to Vietnam, the Ministry of Industry and Trade of Vietnam has issued Questionnaire No. 545/PVTM-P2 regarding the anti-dumping investigation for prestressed steel cable products (case code: AD17). On July 5, 2023, the Ministry…
20
Jul
Jul
In the end-of-term determination of the anti-dumping and countervailing duty review concerning Vietnamese copper pipe fitting, the Canada Border Services Agency (CBSA) has issued the Final Determination on the situation of dumping and subsidizing of Vietnamese copper pipe fitting. According to the findings, Canada has determined that imported Vietnamese copper pipe fitting from Vietnam are…
20
Jul
Jul
On July 17, 2023, the Trade Remedies Administration of Vietnam’s Ministry of Industry and Trade issued Notice No. 68/TB-PVTM regarding the issuance of the Questionnaire on quantity and value for foreign manufacturers/exporters in the AD17 case – the anti-dumping investigation of prestressed steel strand from Malaysia, Thailand, and China. On July 5, 2023, Vietnam issued…
