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On 15th and 16th December 2023, on the Red Sea – out side of Suez Canal have attacks on ships of Hapag-Lloyd and Maersk. Therefore, four major shipping companies, including Denmark's Maersk, Germany's Hapag-Lloyd, Switzerland's MCS and France's CMA CGM, have temporarily suspended operations across the Red Sea. The Red Sea has the Suez Canal at its northern and the narrow Bab el-Mandeb strait at its southern, leading into the Gulf of Aden. It is a busy maritime route with ships passing through the Suez Canal to transport goods between Asia and Europe. Therefore, the Bab-el-Mandeb Strait along with Egypt's Suez...

At the end of the year, the number of import and export goods passing through the Vietnam - China border gate is increasing sharply. Along with facilitating the most favorable conditions for import-export businesses, the customs has implemented many measures to strictly control, monitor and prevent trade fraud, strictly handle violations, strengthen inspection, supervision of import and export goods and prevent loss of taxes. Grasping the sharp increase in import and export at the end of the year, customs has implemented many measures to achieve the highest efficiency of clearing customs situation as follows: Prioritizing the customs clearance of agricultural products. Shipments...

The National Assembly has agreed to continue reducing 2% of VAT from 1st January 2024 to the end of June 2024. Previously, the National Assembly agreed to reduce 2% of VAT from 1st July 2023 to 31st December 2023. On 29th November 2023, the National Assembly officially agreed to continue implementing a reduction of 2% of VAT until the end of June 2024. The implementation of a reduction of 2% of VAT will be carried out stably as in 2022 and 2023. Reduction of 2% of VAT for goods and services currently subject to 10% VAT (to 8%), except for the...

The General Department of Customs has just issued a official letter no 6087/TCHQ-GSQL answering questions about the issue of customs procedures for temporary import and re-export after ending the rental period. Currently, some companies are facing difficulties with customs procedures for rented goods from foreign companies that have ended for temporary import and must be re-exported but are designated  delivery to other companies in Vietnam for renting by foreign companies. Faced with the above difficulties, the General Department of Customs has clearly noticed that in this case, the goods must be re-exported and returned to foreign companies according to the Regulation of...

From now until the end of the year, the Customs sector will focus resources to facilitate trade, support businesses in import and export, strictly control tax collection and prevent loss of state budget, ... to complete target of state budget of the Customs sector in 2023 through the following specific methods: 1. Focus on promoting administrative procedure reform; focus on resolving difficulties for businesses promptly; create favorable conditions for businesses to develop stably and firmly, attract investment and promote economic growth in order to create a premise for increasing state budget. 2. Along with creating favorable conditions for businesses, customs continues to increase...

Bamboo Airlines announced the temporary suspension of international flights between Vietnam and the UK, Korea, Australia, Germany, Singapore, Thailand, Japan, and Taipei (Taiwan, China). In order to focus resources to ensure stable operations from November 2023, especially during the peak period at the end of the year and Lunar New Year 2024, Bamboo Airlines adjusted its plan to operate domestic and international flights in period from now until 30th March 2024. Regarding the international flight routes, to ensure the concentration of resources and prioritize operational efficiency, the airline will temporarily suspend the operation of a number of routes in the Asian region...