KEN · INSIGHTS · Page 10 of 16
News
Customs, tax, freight-rate and trade updates for importers and exporters, compiled by the Ken team since 2023.
191 articles · Page 10 of 16
July 20243 articles
- Trade
1 min read
From mid-july, fuel surcharge (FSC) increases
A fuel surcharge is an additional fee imposed to offset the burden of a sharp increase in jet fuel prices(MOPS) instead of raising the base fare. Recently, international oil prices have been…
- Trade
2 min read
Results from Vietnamese Prime Minister's visit to the Republic of Korea
At the invitation of Korean Prime Minister Han Duck Soo, Vietnamese Prime Minister Pham Minh Chinh, his wife and a high-ranking Vietnamese delegation paid an official visit to Korea from June 30 to…
- Customs & tax
2 min read
Discoveries of importing banned goods by Ho Chi Minh City customs
According to the Ho Chi Minh City Customs Department, at Tan Son Nhat International Airport, the Customs agency manages and coordinated with competent authorities inside and outside the sector to…
June 20244 articles
- Ocean freight
2 min read
Ocean freight rates tend to increase rapidly and continuously
Statistics from Vietnam Maritime Administration show that recently global container shipping fees have increased by 12%, while costs on routes from Asia to Europe have risen by 14%. Also, there are…
- Ocean freight
1 min read
HICT, adjust the receiving time of container for export
HaiPhong International Terminal (TC-HICT) pronounced the adjustment of timeframe for receiving export containers to ensure smooth operations and service quality within the port. Containers destined…
- Customs & tax
1 min read
Resolution passage on the extension of VAT reduction period
On June 8, 2024, Vietnamese Government officially issued Resolution No. 83/NQ-CP on the National Assembly's Resolution project on value added tax (VAT) reduction as proposed by the Ministry of…
- Customs & tax
2 min read
Overview of foreign contractor tax in Vietnam
Vietnam’s foreign contractor tax (FCT) is a tax that is applied to transactions conducted in Vietnam between a foreign company or sub-contractor and a Vietnamese company. It is made up of two kinds…
May 20244 articles
- Trade
4 min read
The Ministry of Finance answers about on-spot export and import
On February 29, 2024, the Ministry of Finance coordinated with the Embassy of the Republic of Korea in Vietnam to organize a dialogue conference between the Ministry of Finance and Korean businesses…
- Air freight
1 min read
Expansion of T2 international terminal at Noi Bai airport kicks off
The bidding package on the construction, supply and installation of equipment for the expansion of the T2 terminal of the Hanoi-based Noi Bai International Airport kicked off on May 19, with Prime…
- Ocean freight
1 min read
Disruption in the Red Sea, decrease Asia-Europe shipping capacity
The shipping group Maersk said on May 6 that disruptions in container shipping activities on the Red Sea are increasing and predicted to reduce shipping capacity between the ASIA and EUROPE by up to…
- Customs & tax
1 min read
Government propose extending the period of VAT reduction until the end of 2024
Previously, the National Assembly passed Resolution No. 110/2023/QH15, temporarily reducing value added tax (VAT) by 2% for some groups of goods currently subject to a tax rate of 10% (excluding…
April 20241 articles
- Customs & tax
1 min read
Customs working schedule during holidays
Today we are so pleased to provide you with the news about customs working schedule during Reunification Day and International Workers' Day from April 27 (Sat) to May 1 (Wed). Bac Giang, Vinh Phuc…
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