HCM City (VNS/VNA) - Officers tasked with preventing fake goods, trade fraud and smuggling in Ho Chi Minh City and southern border provinces have been forced to work hard ahead of Tet (Lunar New Year), which falls on February 12 this year. Last week, the HCM City customs department discovered 14 steel containers that consignee V.V Steel Company described wrongly to evade tax. The company, in Long An province’s Duc Hoa district, made a declaration that would have allowed it to enjoy 0 percent tax instead of the 10-15 percent it had to pay, equivalent to 1 billion VND (43,000 USD). Now, besides the tax it will also have to pay a penalty of 20 percent of the amount. Smuggling and trade fraud are becoming increasingly sophisticated. Truong Van Ba, Director of the HCM City Market Surveillance Department, said last year 25,538 violations had been discovered involving loss of tax revenues of 5.8 trillion VND. Competent agencies filed charges in 113 cases. … [Read more...] about HCM City, southern provinces step up efforts against fake goods
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Tet gifts presented to needy people in Phu Tho
Needy people in Hien Quan commune receive Tet gifts On behalf of the local political organizations, Luu Van Hieu, Secretary of Hien Quan commune, thanked the PAN and Thien Tam Fund for their care and hoped more support from organizations and benefactors nationwide will reach locals. … [Read more...] about Tet gifts presented to needy people in Phu Tho
Exporters to identify risks of trade defence measures in the US
Director Lu said: “The US is one of the leading economic and trade partners and the largest export market of Viet Nam. However, with a complicated and regulated legal system, it always has many potential risks for Vietnamese exporters. Every year, the number of imported consignments from Viet Nam which are sued and ordered to be destroyed or returned from the market is increasing.” … [Read more...] about Exporters to identify risks of trade defence measures in the US