The imposition of temporary safeguard duties on DAP and MAP fertiliser imports into Việt Nam, which came into effect on August 19, is an effort to help protect the domestic fertiliser industry but might push up production costs for farmers.

Việt Nam’s import value for steel and iron products continuously surged sharply in the first month of 2017 to US$710 million, the General Statistics Office reported.

Việt Nam’s import value for steel and iron products continuously surged sharply in the first month of 2017 to US$710 million, the General Statistics Office reported.

Though Việt Nam possesses huge amounts of iron ore, there is a serious shortage of steel for the mechanical engineering industry and defense industry, the Ministry of Industry and Trade’s Heavy Industry Department Director Trương Thanh Hoài told online newspaper news.zing.vn on Monday.

Applying the Rules of Origin of Goods in Asean Trade In Goods Agreement (ATIGA) will help enterprises enjoy preferential tax rates and manage compliance costs that enterprises must bear under the form of documents and accounting cost.

The Ministry of Industry and Trade (MoIT) yesterday decided to impose additional tariffs on imported steel products as an official safeguard against cheap imports that were allegedly threatening the domestic industry.

The Ministry of Industry and Trade issued a decision on Wednesday to launch a probe that would determine whether imports of colour-coated steel sheets had become excessive and caused harms to local production.

While the imposition of additional tariffs on imported steel products as a temporary safeguard against cheap imports since March was meant to protect the local steel industry, consumers and firms that use steel for their production are worried about steel price hikes in the local market.

On April 12 South Korean securities firm Mirae Asset Securities Co. announced it would join hands with global investment company AON BGN, a former AON Holdings, to take over Keangnam Hà Nội Landmark Tower in Hà Nội.

The application of trade defence instruments must ensure harmonisation of interests between producers and consumers in the long term, Hồ Nghĩa Dũng, president of the Việt Nam Steel Association said.