Want to be in the loop?
subscribe to
our notification
Business News
NEW FORCE FORMED TO FIGHT SMUGGLING BY AIR
Minister of Finance Ho Duc Phoc, deputy head of the National Steering Committee for Prevention of Smuggling, Counterfeit Goods and Trade Fraud (National Steering Committee 389), has signed a decision setting up an interdisciplinary team for combating the smuggling of goods by air.
The eight-member team is headed by Le Thanh Hai, office head of the National Steering Committee 389, according Decision 15/QD-BCD389.
Other members represent the Ministry of Public Security, the General Department of Vietnam Customs, and the Vietnam Directorate of Market Surveillance, the local media reported.
The move was made after the HCMC Customs Department discovered more than 11 kilograms of ecstasy pills and narcotics in the carry-on bags of four Vietnamese flight attendants at Tan Son Nhat International Airport last weekend.
The anti-smuggling team is tasked with handling reports about trade fraud cases, smuggling and trafficking of goods via international airports in the country.
The team can also ask other competent forces to join in dealing with complicated cases related to the smuggling of commodities by air, while also teaming with local media in raising public awareness about anti-smuggling.
The team will hold a meeting on a quarterly basis to review its operations and will disband after the country’s intensified campaign against smuggling, trade fraud, and trafficking of goods via international airports ends.
Source: The Saigon Times
Related News
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
![Card image cap](/uploads/news/Eco4.jpg)
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
![Card image cap](/uploads/news/FDI.jpg)
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.