Indonesia is taking strong actions against the illegal imports of goods to prevent such goods from entering the domestic market.

When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the country basked in the limelight and won praise for its industrial vision.

After successfully conquering international markets, many businesses have returned to conquer the domestic market as more and more customers choose to buy Vietnamese products.

Vietnam earned 8.2 billion USD from exports to China in the first two months of 2023, posting a year-on-year increase of 4.2%, the Ministry of Industry and Trade (MoIT) has reported.

A consultation conference was held on March 30 to gather feedback on a draft decree on regulations on State inspection over quality and food safety of imported goods.

The Government has recently issued Decree No.39/2020/ND-CP on a list of Vietnam’s special preferential import tariffs to implement the Vietnam – Cuba Free Trade Agreement from now until 2023.

The national pork output in 2019 stood at 3.3 million tons, 13.8 percent lower than that in 2018. The short supply affected the price and pushed the common CPI to rise by 0.83 percent.

Reduced revenue from cutting taxes on imported goods in accordance with various free trade agreements (FTA) Vietnam had signed was unlikely to affect State revenue, said the finance ministry in a conference held on December 12 in Hanoi.

Trade defence measures both support the protection of domestic production and employment and reduce the dependence on imported goods, said an official from the Ministry of Industry and Trade.

The trade deficit will be a big challenge to the economy this year due to tax incentives that lower the price of imported goods on the Vietnamese market.

Thousands of containers were left at Cat Lai Port in Ho Chi Minh City over the last few months because owners haven’t visited the customs department to complete the necessary procedures, causing both port companies and customs agencies a headache.

As 2018 brings newer and bigger FTAs, Vietnamese enterprises are faced with tough choices. They can either adapt and move up the global supply chain, or stand by while imported goods flood the country’s market.

The Ministry of Industry and Trade (MoIT) plans to tighten control on goods whose imports are discouraged and facilitate local manufacturing to reduce the country’s trade deficit.

The Ministry of Industry and Trade has issued Decision No. 1682A/QD-BCT on launching safeguard investigations against imported DAP fetiliser products.

Imported goods, including home appliances and food, have begun to dominate shelves in malls and specialty shops.

A fair featuring Vietnamese woodwork products and interior decoration opened in Ho Chi Minh City on November 13.