MoIT

Update news MoIT

Opportunities have arrived for cement manufacturers

VietNamNet Bridge - Many large construction projects have resumed work, while coal prices have decreased, helping to cut production costs. Cement manufacturers see great opportunities to revive their business..

EVN disagrees with World Bank on Vietnam’s electricity-access index

Figures about electricity access cited by Electricity of Vietnam (EVN) and the World Bank (WB) show different pictures. According to WB’s Doing Business 2014 report, Vietnam’s electricity-access index ranks 135th out of 189 surveyed countries.

China places big orders for Vietnamese rice

VietNamNet Bridge – The rice export market has bounced back thanks to higher demand from importers, especially from China, which has made large orders.

Fast-food chains kick off cyber-war

VietNamNet Bridge – The competition among fast-food brands in Vietnam has become fierce as they now have to struggle on the internet. 

E-commerce expected to boom in 2015

VietNamNet Bridge – With the strong development of the internet, 3G and smart device users, Vietnam’s e-commerce is expected to enter a boom period in 2015 with projected turnover of $4 billion.

Sugar association has battle of words with Industry ministry

VietNamNet Bridge – In reply to a statement by MOIT about the weak sugar industry, the Vietnam Sugar Cane and Sugar Association has published a 4,500-word document, rejecting the viewpoints expressed by the ministry.

MoIT asked to submit power price adjustment plan

 VietNamNet Bridge – Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Industry and Trade (MoIT) to promptly submit a proposal to adjust the price of electricity by the end of February this year.

Auto development strategy stalls after latest disappointment

VietNamNet Bridge – The last hope for the automobile development strategy is gone: the Chu Lai – Truong Hai automobile engine project has had its license revoked.

Minister denies that Vietnam is losing retail market

VietNamNet Bridge – Minister of Industry and Trade Vu Huy Hoang said that 97 percent of the total goods in the market are distributed by Vietnamese businesses, while foreign retailers hold only 3 percent.

Ministries issue conflicting notices on petrol import tariffs

Ministries could not reach an agreement on retail petrol prices and import tariffs. They considered two options: raise the import tariff and cut the petrol retail price, or leave the import tariff unchanged and cut petrol prices sharply.

MOIT considers higher tax on luxury cars

VietNamNet Bridge – The Ministry of Industry and Trade (MOIT) is considering a higher  import tax on luxury cars and new tax incentives on priority products.

Violations found in Industry and Trade Ministry's recruitment

VietNamNet Bridge – Officials who passed the entry test to work in the Competition Administration Department under the Ministry of Industry and Trade (MoIT) in 2013 may be fired for cheating on the test.

Some foreign employees no longer need permits to work in Vietnam

VietNamNet Bridge –The Ministry of Industry and Trade issued Circular No. 41/2014/TT-BCT on bases and procedures for determining that a foreign employee internally transferring within an enterprise belonging to one of eleven services

Transport Ministry to crackdown on cargo weight violations at ports

VietNamNet Bridge – The Ministry of Transport has said it would enforce stricter measures to stop overweight cargo shipments, such as temporarily shutting ports and firing directors who violated the MOT's weight regulations.

Trade surplus tops $1.46b in first half of this year

 VietNamNet Bridge – The country had a trade surplus of US$1.46 billion by July 15, according to statistics from the General Department of Customs.

Gov’t encourages use of bio-fuel

 VietNamNet Bridge – Bio-fuel will be sold in all cities and provinces of Viet Nam next year, though it has been difficult meeting the government's schedule, said a Ministry of Industry and Trade (MoIT) official.

MOIT steadfastly takes side with hydropower plants

The Ministry of Industry and Trade (MOIT), in the document answering Quang Nam people’s question about the responsibility of hydropower plants, said it is unreasonable to claim for the damages caused by the floods.

Government sniffing out sub-standard hydro projects

 VietNamNet Bridge – A series of substandard hydroelectricity projects are facing the chop.

MoIT asked to rethink hydro-power plants

 VietNamNet Bridge – The Prime Minister has asked the Ministry of Industry and Trade to re-consider the development plans of hydro-power projects No 6 and 6A and others along the Dong Nai River.

Petroleum distributors claim self-determination in pricing policy

Petroleum enterprises have launched a new campaign to ask for the right to determine the retail petrol prices themselves, saying that the market rules need to be applied in a market economy.