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Vietnamese authorities suspect $4.3 billion worth of aluminum has been imported with the intent of being exported to the U.S. relabeled as made-in-Vietnam products. Vietnam Customs recently discovered signs of origin fraud in 1.8 million tons of aluminum…
Even weaker economies with less developed industries can threaten Vietnam’s auto industry due to its low localization rate, the Trade Ministry said. While the domestic auto industry is already facing fierce competition from car imports, mostly from Thailand…
Vietnam imported around 9,000 completely built-up cars in August, down from the average of 12,500 in the previous seven months. The imports cost $174 million, according to the General Statistics Office. Imports dropped sharply in August because it coincides…
Consumption of imported cars has skyrocketed while that of locally-assembled ones is falling despite efforts last year to tighten imports. From January to August, sales of imported cars rose 178 percent year-on-year to 82,800 units, while that of…
If you live in the U.S., be prepared to pay more for the Apple iPhone. A multi-part tweet disseminated today by President Donald Trump revealed that starting next Friday, $200 billion of Chinese goods imported into the U.S. will be taxed at a 25% rate, up…
The furniture retailing industry may face a tough trading environment in 2019-20 with revenue expected to decline by 3.3 per cent during the period, according to IBISWorld analysts. Mounting internal and external competition is expected to continue to…
Online wine retailer Vinomofo has partnered with US wine media mogul Gary Vaynerchuk to bring the inaugural wine from his label, Empathy Wines, to its customers in Australia, New Zealand and Singapore. The wine, which Vinomofo is launching this month, is…
Vietnam’s coffee exports in Q1 are expected to fall 15.3 percent from a year earlier to 477,000 tonnes, government data showed Friday. Coffee Coffee exports from Vietnam will likely fall an estimated 15.3 percent in the first quarter of this year from a year…
100 selected Vietnamese businesses will participate in a support program to help them reach more customers on Amazon. These businesses will receive offline or online training, with in-depth support from Amazon and discounts from local service providers,…
Rolls-Royce announced Wednesday it will follow Korea’s voluntary lemon law for automakers, making it the first foreign luxury brand to accept the newly introduced regulation. Korea’s revised automobile management law, enacted last month, forces complying…
VinFast, Vietnam’s first indigenous car manufacturer, plans to test its first vehicle for safety parameters in Europe on March 6. According to company executives, the vehicle will be tested for international standards to ensure its highest safety. This…
The US’s Animal and Plant Health Inspection Service has given the green light for the import of mangoes from Vietnam. The license comes exactly 10 years after Vietnam applied for it. To export fresh mangoes to the U.S., farmers and business will need to meet…
The U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before it is unveiled, the agency confirmed. Late on…
Korea’s auto production tumbled for a third consecutive year in 2018 amid weaker domestic and global demand, data showed Sunday. According to the data by the Korea Automobile Manufacturers Association (KAMA), Korea produced 4.03 million vehicles last year,…
Sales of imported vehicles in Korea declined by more than 10 percent in January from a year earlier due to typically low seasonal demand and supply shortage of some brands, industry data showed on Friday. The number of foreign cars sold last month reached…
The average unit price for exported automobiles last year reached a record high of $15,400, pushed up by the strong performance of sport-utility vehicles (SUVs), according to industry statistics Thursday. Monthly data from the Korea Automobile Manufacturers…
