VPA warned that the Vietnam pepper import-export contracts cancelled

12:32 | 19/02/2017 Trade Follow Ven.vn on

Vietnam Pepper Association (VPA) has warned that some foreign importers may cancel future contracts for some Vietnam pepper export enterprises.

VPA warned that the Vietnam pepper import-export contracts cancelled

Pepper exports in 2017 will face many difficulties

Typically, recently, a VPA member company signed a contract to sell 75 tons of black pepper of 500gr/l FAQ type for Ankit General Trading LLC Company, at the price of $US 5,850/ton in accordance with CNF delivery terms at Jebel Ali (United Arab Emirates). The Delivery Method is 25 tons every month in February, March and April, 2017.

At the end of January, 2017, Ankit General Trading LLC Company sent a notice to cancel the contract on the grounds that this Vietnam pepper company cancelled a pepper contract with a partner in 2015. Meanwhile, the Vietnam pepper company confirmed that they have never cancelled any contracts with the Ankit General Trading company.

According to VPA, 2017 is expected to be a difficult year for pepper exports due to the price fluctuations and unstable quality, which may increase risks for pepper trading of Vietnam enterprises. Hence, VPA warned Vietnam pepper enterprises that they need to be more careful before signing import and export contracts with customers.

Customsnews

See more news

Quang Tri organic rice makes EU debut

06:00 | 15/03/2023 Major exports

(VEN) - The north central coastal province of Quang Tri has been licensed to export organic rice to the EU market, marking a turning point for the provincial agricultural sector.

Domestic trade to grow at 8-9% a year: MoIT

15:22 | 14/03/2023 Domestic market

Measures have been taken to boost domestic trade to maintain an 8-9% growth rate per year, according to the Ministry of Industry and Trade (MoIT).

Domestic poultry sellers face tough competition from imported chicken

07:00 | 11/03/2023 Domestic market

The market research company Ipsos published a report assessing the meat consumption and livestock market in Việt Nam on Wednesday.

Potential of Vietnamese farm produce valued in Italy

07:00 | 10/03/2023 Foreign trade

Renzo Piraccini, President of Cesena Fiera, has wished that Vietnam will join the Macfruit 2023 – a fruit and veg professional show in the Italian city of Rimini from May 3-5, on the occasion of the 50th anniversary of bilateral diplomatic ties to introduce its popular tropical farm produce such as dragon fruit, lychee and ginger.

Fresh produce exports set to grow

06:00 | 10/03/2023 Major exports

(VEN) - The Vietnamese fruit and vegetable sector poised for promising year as exports rose 3.1 percent in January 2023.

Cao Phong orange hits the shelves in UK

07:00 | 08/03/2023 Major exports

The Cao Phong orange from the northern province of Hoa Binh is now officially put up for sale in the UK, marking the return of this specialty to the global market after over 40 years.

Trade deal with UK bolsters Vietnamese exports

06:00 | 08/03/2023 Foreign trade

(VEN) - The United Kingdom is the world’s fourth largest importer, but Vietnam’s share accounts for less than one percent of its total import value, signaling ample room for increased Vietnamese exports to this market.

Vietnam enjoys trade surplus of over 2.8 billion USD in first two months

09:25 | 06/03/2023 Infographic

Total import-export revenue in the first two months of this year was estimated at 96.06 billion USD, down 13.2% year-on-year, with Vietnam posting a trade surplus of 2.82 billion USD, the General Statistics Office (GSO) has reported.

200 companies from 25 countries and territories exhibiting at Hortex Vietnam 2023

08:50 | 02/03/2023 Foreign trade

International Exhibition & Conference for Horticultural and Floricultural Production and Processing Technology (HortEx Vietnam 2023) opened in HCM City on March 1.

Positive outlook for Vietnam's coconut exports: experts

08:00 | 01/03/2023 Major exports

Maintaining raw material areas for the industry, improving the value of products, and ensuring incomes for farmers are major goals of Vietnam’s coconut sector this year, according to Vietnam Coconut Association.

Latest Most Read

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

16:41 | 22/03/2023 Support industries

Reed Tradex Vietnam, the ASEAN's leading exhibition organizer announced the kick-start of Vietnam Manufacturing Expo (VME) & NEPCON Vietnam exhibition 2023.

Visa exemption means int'l tourists can visit Phu Quoc for up to 30 days

16:32 | 22/03/2023 Tourism

Phu Quoc Island is an ideal choice for travel and long-term relaxation, with a complete visa exemption policy for international visitors, a temporary stay of up to 30 days, a populous and rich nature, and impressive architecture.

Emirates unveils new signature livery for its fleet

16:14 | 22/03/2023 Companies

The distinctive livery of the world’s largest international airline, Emirates, has undergone a refresh.

Bamboo Airways to launch Viet Nam’s longest domestic air route from April

14:53 | 22/03/2023 Vietnamese Brands

On April 29, Bamboo Airways will launch an air service between the capital city of Ha Noi and the southernmost province of Ca Mau, making it the longest domestic route served by a local carrier.

Việt Nam carries out measures for healthy forests

10:30 | 22/03/2023 Environment

At a forum on the International Day of the Forest yesterday in Hà Nội, Phạm Hồng Lượng, chief of office of the General Department of Forestry, stressed the importance of raising awareness about the role of forests in human life to work together in forest protection and sustainable forest exploitation.

Xoan singing in Phu Tho Province

06:00 | 12/03/2023 Lifestyle

(VEN) - Xoan singing is an ancient art performed during the first two months of the lunar year and designated by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as a valuable intangible cultural heritage of the northern Vietnamese province of Phu Tho. It is based on the Vietnamese practice of ancestor worship and dates back to the period of the 18 Hung kings who ruled northern Vietnam from 2879-258 BCE. However, some music researchers believe that Xoan singing emerged much later, during the Later Le Dynasty (1428-1789 AD), as the lyrics bear literary forms and styles of the period.

Fresh produce exports set to grow

06:00 | 10/03/2023 Major exports

(VEN) - The Vietnamese fruit and vegetable sector poised for promising year as exports rose 3.1 percent in January 2023.

Son La Dam’s powerful tourism potential

06:00 | 11/03/2023 Tourism

(VEN) - The area of the Son La hydropower reservoir, with its cultural features of the Thai, Tay and La Hu ethnic groups, is being awakened by tourism development to benefit local residents.

Ministry betters business environment

13:00 | 11/03/2023 Economy

(VEN) - The Ministry of Industry and Trade (MoIT) has implemented government resolutions on improving the business environment and enhancing national competitiveness.

Hanoi economy presents mixed picture

13:00 | 12/03/2023 Metropolis

(VEN) - Hanoi’s total retail sales of goods and services increased 18 percent in January compared with the same period last year. The capital has also identified 22 targets for socioeconomic development in 2023.

Multimedia

Video Longform Infographic Photo

Festivals in Sapa

10:05 | 22/03/2023 Entertainment

(VEN) - Sa Pa Town in the northern province of Lao Cai celebrates the 120th anniversary of its tourism this year with a series of special events, including a spectacular art program introducing the history of the Sa Pa national tourist area and its attractive and unique tourism products, as well as its targets in the future.

50th anniversary of Vietnam-Belgium diplomatic relations

07:00 | 22/03/2023 Infographic

Vietnam and Belgium have experienced a 50-year partnership marked by sound friendship and fruitful cooperation.

Amazingly beautiful Ninh Thuan

09:13 | 20/03/2023 Video

(VEN) - The south central coastal province of Ninh Thuan is renowned for its beautiful, pristine beaches and vast white salt fields. Visitors are recommended to travel to the province from April to June to enjoy their summer vacations, and from August to October when the grape-harvesting season falls and unique local festivals of the Cham people take place.

Tra fish exports hold promise after China reopens borders

07:00 | 20/03/2023 Infographic

Tra fish exports are expected to recover shortly with China gradually reopening its borders.

Lao Cai Province welcomes first Chinese tourists after three years

08:49 | 17/03/2023 Tourism

Eighty Chinese tourists entered Vietnam via the Lao Cai International Border Gate on March 15 afternoon, marking the return of Chinese travellers to the northern mountainous province of Lao Cai after a three-year hiatus caused by the COVID-19 pandemic.

Policy

Animal feed industry asks for import tax reduction on raw materials

09:55 | 20/03/2023 Policy

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.

Over 250 petitions submitted to authorities on fragility of petroleum regulations

18:07 | 16/03/2023 Policy

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.

New legal documents in second half of February 2023

07:00 | 12/03/2023 Policy

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

Companies allowed to make bond payments with other assets

07:00 | 09/03/2023 Policy

Companies shall be allowed to make bond payments with other assets, according to the Government's recently-released Decree 08/2023/ND-CP issued.

Industry & Trade

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

16:41 | 22/03/2023 Support industries

Reed Tradex Vietnam, the ASEAN's leading exhibition organizer announced the kick-start of Vietnam Manufacturing Expo (VME) & NEPCON Vietnam exhibition 2023.

Offshore wind energy an essential base load power source: official

14:30 | 20/03/2023 Energy

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.

Uncorking bottlenecks for support industry development

06:00 | 18/03/2023 Industry

(VEN) - Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.

Da Nang greens textile-garment industry

13:00 | 17/03/2023 Energy

(VEN) - Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.

Investment

US businesses exploring investment, business opportunities in Vietnam

10:01 | 21/03/2023 FDI

Representatives of more than 50 US companies will visit Vietnam from March 21-22 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council.

Da Nang hopes for further investment from RoK city

09:13 | 17/03/2023 FDI

Secretary of the Da Nang municipal Party Committee Nguyen Van Quang said he hopes that the city of Daegu in the Republic of Korea (RoK) will cooperate with the Vietnamese central city and invest more in its hi-tech sector, along with education, training and tourism.

Initiative speeds up investment disbursement

06:00 | 14/03/2023 Domestic investment

(VEN) - Prime Minister Pham Minh Chinh has asked ministries, sectors and localities to ensure the quality and effectiveness of public investment projects and achieve a higher disbursement rate in 2023.

Hanoi builds synchronous policies to draw foreign investment

07:25 | 11/03/2023 FDI

A conference linking hundreds of Hanoi and Singaporean enterprises was held in the capital city of Hanoi on March 7. The event was co-hosted by the municipal Department of Industry and Trade, the Vietnam Trade Office in Singapore, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Vietnam Chamber of Commerce and Industry (VCCI).

Finance-Banking

Vietnam seeks response to corporate tax overhaul

06:00 | 20/03/2023 Finance-Banking

(VEN) - All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.

Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

07:05 | 16/03/2023 Finance-Banking

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.

Global Minimum Tax a head-scratcher for Vietnamese policymakers

06:00 | 13/03/2023 Finance-Banking

As many countries plan to adopt the Global Minimum Tax Rate (GMTR) in 2024, experts are concerned that the entry into force of the rate would discourage foreign companies from locating their operations in low-tax countries.

Program seeks to solve business capital needs

13:00 | 10/03/2023 Finance-Banking

(VEN) - A series of commercial banks have moved to reduce lending interest rates in response to strong messages by the Government and the State Bank of Vietnam (SBV) about supporting the economy and business sector.

Environment

Việt Nam carries out measures for healthy forests

10:30 | 22/03/2023 Environment

COP28 President-Designate to co-chair Copenhagen climate ministerial meeting

09:46 | 22/03/2023 Environment

Dr. Sultan Al Jaber, COP28 President-Designate, will visit Copenhagen to co-chair the Copenhagen Climate Ministerial with His Excellency Sameh Shoukry, Minister of Foreign Affairs, COP27 President and Foreign Minister of the Arab Republic of Egypt.

Practical effective activities urged to mark World Water Day

10:03 | 20/03/2023 Environment

The Ministry of Natural Resources and Environment has asked other ministries, agencies, sectors, localities, and organisations to take practical and effective activities to mark the World Water Day (March 22), the World Meteorological Day (March 23), and the Earth Hour 2023 (March 25).

BKEET steams ahead with waste treatment

13:00 | 15/03/2023 Make in Vietnam

(VEN) - After research spanning 20 years, solid waste incinerators produced by the Bach Khoa Hanoi Energy and Environment Joint Stock Company (BKEET) are operating across the country.

Science - Technology

Science, technology, innovation promoted to support national development

06:00 | 22/03/2023 Science - Technology

Various measures will be rolled out from now to 2025 to fine tune science and technology organisations and perfect the legal foundation for state management of science, technology and innovation.

Vietnam introduces automated sorting system

13:00 | 20/03/2023 Make in Vietnam

(VEN) - The successful design, manufacturing and operation of an automatic goods sorting system has contributed to optimizing the production process and cutting the costs of logistics enterprises. Vietnam Economic News’ Quynh Nga interviewed Dr. Phan Dang Phong, Director of the National Research Institute of Mechanical Engineering (NARIME) under the Ministry of Industry and Trade (MoIT), about this technology.

Domestic ICT firms well-positioned to reach out to the world

06:00 | 20/03/2023 Science - Technology

Vietnam's information and communication technology (ICT) companies are well-positioned to make strong breakthroughs and reach out to the world in the near future, on the back of widespread Internet access, abundant workforce and support from authorities at all levels.

Innovation platforms boosting sustainable development announced

VPA warned that the Vietnam pepper import-export contracts cancelled

See also

See more news

Multimedia