return icon Vietnamnet.vn

Vietnam takes serious measures to block exports with origin fraud

Amid the US-China trade war, the US is paying higher notice to Vietnamese products. As a result, enterprises have had to change business practices to adapt to new circumstances.

At the Government’s online meeting with local authorities on July 4, PM Nguyen Xuan Phuc said he had signed a decision approving a plan to strengthen management and prevention of trade remedy evasion and origin fraud.

 

{keywords}

 



He requested ministries, branches and local authorities to examine exports from Vietnam to block products with counterfeited Vietnamese origin.

The plan was approved just two days after the US Department of Commerce (DOC) announced the levy of a 456 percent duty on some steel products.

The products are believed to be made in South Korea and Taiwan, carried to Vietnam for minor processing before being shipped to the US.

The products are believed to be made in South Korea and Taiwan, carried to Vietnam for minor processing before being shipped to the US.

Steel is the most ‘sensitive’ product in origin fraud. In 2018, the US conducted a tax avoidance investigation over some aluminum imports from Vietnam and decided to levy a duty of 374.15 percent on the products.

Dinh Cong Khuong, chair of the Steel Enterprises’ Club, and chair of Khuong Mai Steel, said many years ago Vietnam could not make hot rolled coil because this required huge capital and high technology. It had to import materials from some countries and territories such as China and Taiwan.

From imported hot rolled steel, Vietnamese enterprises made cold rolled coil, then galvanized or coated the products with colors before exporting to third countries.

However, now, Vietnam can make hot rolled steel domestically.

According to Le Thanh Kinh from Le Nguyen Law Firm, Chinese investors have been setting up factories in Vietnam to make products with import materials for export to other countries for a long time.

In the trade war, the US is taking higher notice to Vietnam’s exports as it suspects Chinese producers are ‘borrowing’ or using Vietnamese origin to export their products to the US.

The lawyer is aware of some businesses that import products, then conduct minor processing in Vietnam, including packaging, before re-exporting to third countries.

He warned that origin fraud is ‘dangerous’ not only for enterprises which export products to the US, but also to other markets. FTAs, bilateral and multilateral, of which Vietnam is a member, also set strict provisions about origin of goods.

“If Vietnam cannot stop origin fraud, it will suffer heavily,” the lawyer said.

According to Luong Kim Thanh from the Trade Remedies Agency, MOIT has drawn up a list of products investigated for trade remedies by countries and products prone to origin fraud that will be provided to appropriate agencies.

Kim Chi 

 

India opens investigation into steel imports from Vietnam

India opens investigation into steel imports from Vietnam

India’s Directorate General of Trade Remedies (DGTR) has initiated an investigation on potential anti-dumping duties against imported flat rolled stainless steel products from 15 countries and territories including Vietnam.  

MORE NEWS

Vietnam to attend ASEAN Tourism Forum 2023 in Indonesia

Vietnam will participate in ASEAN Tourism Forum (ATF) 2023 themed “ASEAN: A Journey to Wonderful Destinations”, and the Travel Exchange (TRAVEX) trade fair in Yogyakarta, Indonesia from February 2 – 5.

Hanoi and Ho Chi Minh City among safest cities in Southeast Asia

Hanoi and Ho Chi Minh City have both been included in a list of the safest cities in Southeast Asia, as compiled by statistics site Numbeo.

Action plan issued to accelerate national anti-corruption strategy building

Deputy Prime Minister Le Minh Khai, head of the steering committee on building the national anti-corruption strategy by 2030, has signed a decision on the issuance of the committee’s action plan.

VIETNAM BUSINESS NEWS JANUARY 31/2023

Latest guidance on one-way money transfers from Viet Nam

HCM City proposes removing hindrances to develop real estate market

Ho Chi Minh City authorities made a proposal to clear bottlenecks for healthy and sustainable development of the real estate market.

More high-value foreign investment projects needed as tax policies change

Vietnam needs to improve FDI quality, attracting high-tech projects that promise to bring higher added value.

Khmer's ginger cake of love and faithfulness

The ginger cake of the Khmer ethnic group in Soc Trang Province is a beloved traditional treat that is often offered to ancestors on important anniversaries such as the Tet (Lunar New Year) festival.

HCM City promotes digital transformation in education

Digital transformation is considered key to improving education and training quality, as proven by the effect of HCM City actively applying digital transformation over the past five years.

Hanoi to close fruit shops lacking proper food safety preparations

The capital city of Hanoi encourages the expansion of safe fruit businesses while clamping down on fruit shops that do not comply with food safety protocols, specifically street vendors.

Dutch diplomat donates Vietnamese paintings to national museum

Vietnam National Fine Arts Museum has received two paintings from former deputy ambassador Ellen Berends of the Netherlands to Vietnam.

Hanoi's unique rice cooking contest in photos

On the 8th day of the first lunar month each year (January 29, 2023), Thi Cam village in Hanoi’s Nam Tu Liem district holds a rice cooking contest.

Hanoi proceeds with park revitalization program

The implementation of Hanoi leaders’ promise to revive parks has begun: admission to Thong Nhat Park is now free after the removal of the fence, and Con Coc Flower Garden has a new look. However, there are still many things that need to be done.

Vietnamese farmers on board the ‘digital agriculture train’

In the digital era, next-generation farmers can fertilize and water their fields in Binh Phuoc from afar, even in a different country.

Vietnam forecast to become second-largest economy in Southeast Asia by 2036

2023 is predicted to be the year of many challenges for the Vietnamese economy due to the gloomy outlook of the global economy and multiple crises.

Prenn Pass leading to Dalat to be closed for expansion

Vehicles will be banned from using the seven-kilometer-long Prenn Pass to travel to Dalat City as work on the pass upgrade and widening project begins on February 6.
back_to_top