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VietNamNews

Viet Nam imposes new rubber export tax

Update: October, 04/2014 - 10:01

 The Ministry of Finance will stop collecting export taxes on rubber coded HS40.01, 40.02 and 40.05, starting from October 2, according to its latest decree.

The move aims to encourage the export of rubber.

Rubber export prices began to fall strongly in the middle of last year and are now between VND36 million and VND37 million (US$1,694-$1,741).

The majority of rubber produced in Viet Nam was exported, while local consumption accounted for a modest ratio.

LAO DONG (LABOUR)

HCM City approves auto industrial park

The HCM City People's Committee on October 2 issued a decision to establish an industrial park for automotive mechanics covering an area of nearly 100 hectares.

Invested by Hoa Phu Joint Stock Company, the park will have an investment cost of more than VND500 billion (US$23.5 million).

To spur the development of the local auto manufacturing industry, the park will focus on support industries, including automotive spare-parts production and repair as well as design.

Construction on the park is expected to be completed after six years from the date it receives an investment certificate.

THANH NIEN (YOUNG PEOPLE)

Can Tho earns $914 million from exports

The Cuu Long (Mekong) River Delta City of Can Tho has earned US$914 million from exports this year, according to the Can Tho Department of Planning and Investment.

Rice and seafood were the city's two key export items, reaching $723 million and accounting for 79 per cent of the city's total export revenue.

Exports of other items, including garment and textiles, pharmaceuticals, handicraft, steel, fruits and canned mushroom were worth $181 million, up by 4-29 per cent over the same period last year.

TIN TUC (NEWS)


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