Domestic steel producers are concerned over the influx of Chinese steel products, which will continue to be distributed throughout the country once the COVID-19 virus is brought under control, noting that steel sales plunged by 35%-40% in the first two months of the year, according to the Vietnam Steel Association.
30 firms associated with local electronics producer Asanzo Vietnam, who stands accused of selling Chinese products bearing made-in-Vietnam labels, were found to have listed fake addresses for their registered headquarters.
Vietnam has no regulations on criteria for goods to be labeled ‘made in Vietnam’, so consumers have no basis to distinguish ‘made in Vietnam’ and foreign-made products.
Electronic products from Asanzo Vietnam, known as an electronics manufacturer supplying high-quality Vietnamese products in the local market, have been discovered to be Chinese goods being sold as Vietnamese products.
Vietnam may face United States tariffs on its products if Chinese goods shipments are allowed to enter the country to disguise their origin due to the ongoing U.S.-China trade conflict, economic experts warned at a seminar on October 24.
VOV.VN - The European Commission (EC) has decided to terminate an anti-dumping investigation into pallet trucks after coming to a conclusion that there was no tax invasion of these products imported from Vietnam.
The US Department of Commerce (DOC) has announced preliminary affirmative rulings on corrosion-resistant steel (CORE) and certain cold-rolled steel flat products imported from Vietnam and produced from substrate originating in China.
Vietnamese businesses say copycats from China are costing them hundreds of thousands of dollars each year.
Kamaz has announced it will continue assembling trucks in Vietnam, a move which may help dislodge Chinese trucks from the Vietnamese market.
The Vietnam Steel Association will protect the interests of local firms after Vietnamese steel exporters were accused of tax evasion in the US, said the association’s vice chairman, Nguyen Van Sua.
VOV.VN - More than ever, consumers in Vietnam are looking for the ‘Made in Thailand’ label when purchasing consumer goods, and they're willing to pay a premium for these products, according to experts.
Vietnamese investors tend to choose contractors who offer the lowest prices, so Chinese companies usually win the bids.