Update news US-China trade war
The world’s largest electronic component and computer manufacturer Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc,
As the global production network has been seriously disrupted, now is the time for Vietnam to reposition itself in the supply chain.
Only 5 percent of foreign invested projects in the last 30 years have used high technology. This is a lesson for Vietnam during the new FDI (foreign direct investment) wave.
Among the countries running a race to attract foreign direct investment (FDI), Vietnam is a destination with promised great potential.
The fight against trade fraud became even tougher after the US-China trade war broke out in 2018, according to Director of the Post-Customs Clearance Inspection Department Nguyen Tien Loc.
The Indian government has spent $30 billion to support enterprises investing in the country. If Vietnam cannot act promptly, it will miss the opportunity to lure foreign investors amid competition with other countries.
The Ministry of Agriculture and Rural Development (MARD) has affirmed that it is investigating and handling strictly ' enterprises that ‘wash Chinese origin’ and ‘counterfeit Vietnamese origin’ of products for export to the US.
Japanese businesses have begun relocating factories to Vietnam, and it is expected that American and European businesses will also come soon.
The world's two biggest economies have become less competitive due to their ongoing trade war, which seems to have no short-term resolution in sight.
Plenty of recently-produced AirPods charging cases now carry the ‘assembled in Vietnam’ message, with increasing numbers of the headphones and accessories being put together locally,
Apple is running a large recruitment campaign in Vietnam, while many other foreign technology firms are considering pouring capital into projects in the country.
Google and Microsoft are accelerating efforts to shift production from China to Southeast Asian countries, including Vietnam, amid the worsening novel coronavirus (SARS-CoV-2) outbreak, the Nikkei Asian Review reported.
The domestic leather and footwear industry was in good shape to reach its goals this year, according to Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association (Lefaso).
The Ministry of Industry and Trade urged firms to strictly comply with rules of origin to avoid negative impacts on exports amid escalating trade defence measures.