MoIT

Update news MoIT

The heavy load on rivers eased

VietNamNet Bridge – The Ministry of Industry and Trade has proposed to stop 338 hydropower projects after checking the 1,200 planned projects.

Vietnam wins the coffee battle by using laws

From June 7, foreign invested enterprises would lose the right to collect coffee directly from farmers. It’s clear that by laying down the policy, the state aims to protect domestic companies. However, the policy may harm farmers.

Vietnam fears millions of tons of rice unsalable on the world’s low demand

Vietnam’s rice exports have got stuck with the high inventory of 2 million tons of winter-spring rice by the end of the second quarter. Meanwhile, it is going to harvest 3.5 million tons of the summer-autumn rice.

Online trade frauds would be make public

VietNamNet Bridge – E-commerce websites participating in trade fraud and violating customers rights are to be publicised on the official portal website of the Ministry of Industry and Trade (MoIT).

Five-seat cars would be much cheaper with low taxes

If the automobile industry development plan is implemented as expected, cars would get much cheaper in just some years.

Vegetable oil manufacturers kick off legal battle to protect themselves

Vocarimex, together with the other 7 vegetable oil manufacturers in Vietnam have asked to apply safeguard measures to protect the local production.

Law loopholes lends a hand to distributors raise in formula prices

Formula prices have increased 30 times since 2007. State management agencies, which have failed to control the prices, have blamed this on the loopholes of the laws.

Automobile market heats up with competition in pick-up segment

Analysts have noted the rapid increase in the sales of pick-ups recently and predicted the sharper increase in the near future in the context of the higher sedan ownership registration tax.

Lower ownership registration tax makes used-car market “choppy”

The sharp decrease in the car ownership registration tax is believed to help stimulate the demand for used cars.

Nervousness over power supply levels

 VietNamNet Bridge – Power authorities are determined to introduce economical power usage this year.

MOIT lends a hand to EVN to raise electricity price

The retail electricity price may increase continuously, which would put a heavy burden on households and businesses, since MOET plans to give more power to the Electricity of Vietnam (EVN) in defining the electricity price.

Baby formula market chaotic, uncontrollable

The formula products imported through unofficial channels to Vietnam have been available on the market and favored by customers, even though their quality has not been certified by state management agencies.

Allowing raw material exports, MOIT yields to enterprises?

The Ministry of Industry and Trade (MOI) has issued a series of documents, allowing some local enterprises exporting raw materials to help reduce the inventories.

Vietnamese fear foreign group monopolizes regional galvanized iron sheet market

Vietnamese Hoa Sen Group has sent a letter to competent agencies, expressing its anxiety that Bluescope Steel group in South East Asia intends to acquire and monopolize the market, according to Dau tu.

MoIT to conduct hydro-power inspections

 VietNamNet Bridge – The Ministry of Industry and Trade has been ordered to conduct more inspections on hydro-power dams and reservoirs nation-wide with a view to ensuring the safety of residents downstream.

Ministries’ different interpretations, wood imports get stuck

The disagreement among the relevant ministries on the wood import licensing has made enterprises suffer, because they cannot import materials for their production plans until the ministries can reach a consensus on the issue.