News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Vietnamese Govt Plans to Abolish Duty-free Policy on Low Value Imports from Mid-Feb
The Deputy Prime Minister had signed a resolution on last Friday (3rd) to cancel the tax exemption for low value imported goods, which will take effect from 18 February, the Vietna...
Reset
Send
The window will close in 5 seconds
Vietnamese Govt Plans to Abolish Duty-free Policy on Low Value Imports from Mid-Feb
Close
Recommend
15
Positive
22
Negative
7
 
SHORT SELL
 
STOCK INFO

The Deputy Prime Minister had signed a resolution on last Friday (3rd) to cancel the tax exemption for low value imported goods, which will take effect from 18 February, the Vietnamese government issued a statement last Saturday (4th) saying.

This measure is to crack down on goods sold through e-commerce from foreign countries to Vietnam, according to foreign media.

Related NewsNomura Estimates Alibaba (BABA.US) Last Qtr Rev. to Hike 10%, Above Consensus
Fast fashion e-commerce firm, Shein, expanded its sales network to Vietnam more than 3 years ago, while PDD Holdings (PDD.US)      's Temu entered the market in early September 2024, in accordance with the report.

However, these Chinese e-commerce platforms offered steep discounts, making it difficult for traditional Vietnamese retailers and e-commerce firms to maintain their market share in the face of fierce competition.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.