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Extension of Value-Added Tax Reduction Policy According to the Vietnamese Ministry of Finance, the ministry is actively coordinating with relevant departments to apply to the government and the Prime Minister for an extension of the value-added tax reduction policy until the end of 2024. Specifically, from July to December 31, 2024, a 2% tax rate reduction policy will be implemented for some goods and services subject to a 10% value-added tax. It is expected that this policy will reduce national budget revenue by approximately 24 trillion Vietnamese dong...

In the first five months of 2024, Chinas synthetic rubber imports and exports grew comparatively, and the top three imports were rubber rubber, rubber rubber and rubber rubber, and exports grew similarly, showing strong domestic and foreign market demand.

The U.S. and Mexico implemented new measures to strengthen import standards for steel and aluminum products, aimed at preventing countries such as China and Mexico from circumventing U.S. tariffs, which is also involved in political election strategies.

In the face of a new round of U.S. sanctions, the Russian foreign exchange market shifted to the yuan, the dollar and euro share fell sharply, the yuan trading volume reached a new record high, and the global financial system has a new pattern.

The South Korean Trade Association report revealed that last years exports to China fell drastically by 19.9 percent, and trade structure changes led to deficits, and Chinas upgrading of the industrial chain posed a challenge to South Korean exports.

The global shipping market has experienced rare drop in shipping prices, a collective decline in the stock price of shipping companies, the maintenance of the original price of Mediterranean Shipping (MSC) has caused the market to drop prices, and the political situation has changed or affected the future direction.