The State will exempt export tariff for environmental-friendly products while the export tariff on some other products will be reduced by half, according to the Circular 128/2016/TT-BTC.
A consumer is given advice about "green" products (Photo: VNA)
Hanoi (VNA)꧙ – The State will exempt export tariff for environmental-friendly products while the export tariff on some other products will be reduced by half, according to the Circular 128/2016/TT-BTC.
Under the circular issued by the Ministry of Finance on August 9, 2016, the products that are in the export tax tables of the Decree 19/2015/ND-CP issued on February 14, 2015, and have Vietnam's green label certificate, will join the export tax exemption.
Meanwhile, export tax on products from recycling and waste treatment activities located in the export tax table of the Decree 19 will be cut by half.
The new tax rate will be applied for organisations and individuals producing, trading and exporting the friendly-environmental products and the products from recycling and waste treatment activities.
Ineligible products will be still imposed export tax according to regulations in Article 22 of Circular 182/2015/TT-BTC on preferential tax rate for taxable good items.
The Circular 128/2016/TT-BTC will come into effect from September 23, 2016.-VNA
Vietnam has recognised the importance of environmentally-friendly lifestyles in achieving its goal of sustainable development for a number of years, yet continues to face challenges in increasing green consumption.
Many environmentally friendly products such as biodegradable packages have been in the market for years, but the enterprises that produce these products are having a hard time developing them.
The Vietnam Glass and Ceramics for Construction Corporation (Viglacera) moves to develop energy-saving and environmentally-friendly construction materials in the future.
The PM requested Thua Thien-Hue province to only license textile supporting industrial infrastructure developers which are committed to establishing a standard concentrated wastewater treatment system
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
A consumer is given advice about "green" products (Photo: VNA)
