Vietnam Streamlines Trade with Cambodia

The Vietnamese Government has issued Decree 5/2024/ND-CP, which includes special preferential import tariffs for Cambodian goods. This is part of the implementation of the bilateral trade promotion agreement for the 2023-2024 period, as reported by VNA.

The decree provides detailed information on special preferential tax rates and the conditions to be entitled to those rates. These conditions include being on the list in Appendix I to the decree, having a C/O form S issued by authorized agencies of Cambodia, and being transported through specific border gates specified in Appendix III to the decree.

Photo: VNA

In addition, the decree also stipulates specific tariffs and import quotas for rice and unprocessed tobacco leaves originating from Cambodia.

According to the decree, rice products that are produced with the support of Vietnamese firms, households, and individuals in Cambodian provinces bordering Vietnam must comply with the existing regulations on export and import taxes when imported into Vietnam.

For rice and unprocessed tobacco leaves originating from Cambodia and imported into Vietnam by Vietnamese enterprises for re-export to other markets, the decree mandates adherence to the temporary import and re-export mechanisms established by the Vietnamese Government and relevant regional and global agreements signed by both countries.

Bilateral trade between Vietnam and Cambodia has been growing by more than 20% annually during the 2015-2020 period and reached USD 10.57 billion in 2022, representing a nearly 11% year-on-year increase. It is expected to reach USD 20 billion in the future.

According to a report by the Vietnamese Ministry of Planning and Investment, as of 2023, Vietnam had a total of 206 projects in Cambodia with a registered capital of USD 2.94 billion, ranking fifth among the countries and territories investing in Cambodia.

Hannah Nguyen

The post Vietnam Streamlines Trade with Cambodia appeared first on Vietexplorer.com.

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Promoting Cuba to the Youth: Efforts of HCM City’s Vietnam – Cuba Friendship Association

Hình ảnh
The Vietnam – Cuba Friendship Association’s chapter in Ho Chi Minh City (VCFA HCMC) will continue to promote people-to-people diplomacy activities to increase understanding between the people of Vietnam and Cuba as well as between HCM City and Cuban localities in particular, contributing to further intensifying the special relations between the two countries. This orientation was approved at the third congress of the association for the 2023-2028 tenure held in HCM City on December 28, VNA reported. Truong Thi Hien, chair of the Vietnam – Cuba Friendship Association in Ho Chi Minh City for the 2023 – 2028 term, spoke at the congress. Photo: HUFO Accordingly, the VCFA HCMC will focus on promoting communication activities, including setting up a YouTube channel named “Cuba – The Beautiful Island”, to introduce the country and people of Cuba to people from all walks of life, especially young people, and the importance of the Vietnam-Cuba relations in the new situation. A
Đọc thêm

Scent of pomelo flowers fills streets of Hanoi

Hình ảnh
At this time of year, street vendors carrying pomelo flower baskets are often found on main streets around Hanoi such as Xa Dan, Pham Ngoc Thach, and Kim Ma. Pomelo flowers are also used to create flavours for some of Hanoi’s specialties. They are used to cook lotus seed sweet soup or to create an aroma for tea or dried Kuzdu powder, all of which are tasty dishes and drinks enjoyed by local people. After the buds start to bloom, the flowers are then cut and divided into smaller bunches. The prices of pomelo flowers in bunches range between VND200,000 and VND250,000 per kilogram. These flowers have cheaper prices, hovering around VND100,000 to VND150,000 per kilogram. The simple rustic white flowers have won the hearts of people in the capital thanks to their sweet and seductive fragrance. During the pomelo flower season, Hanoians usually purchase a few clusters of flowers to decorate their houses or offices. As the
Đọc thêm

Vietnam President Welcomes German Counterpart with a Grand Ceremony

Hình ảnh
President Vo Van Thuong invites German President Frank-Walter Steinmeier to step on the podium while military bands play the national anthems of both nations. Vietnam and Germany first established diplomatic relations in 1975. The two countries lifted ties to strategic partnership in 2011. Germany is Vietnam’s biggest trade partner in Europe, and more than 350 German businesses are operating in Vietnam. As of May 2023, Germany had 444 valid projects worth over US$2.36 billion, ranking fourth from a total of 24 European countries investing in Vietnam. The two leaders inspect the guard of honour. This is the first foreign visit of the German President in 2024 and the first high-level delegation exchange between the two countries this year – a pivotal year towards the 50th founding anniversary of bilateral diplomatic ties in 2025. The two leaders hold talks immediately after the welcome ceremony. During two-day visit, German President
Đọc thêm