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Update news chinese goods
TMT Motors, known for importing and selling Chinese electric cars, reported significant financial losses as sales fell short of expectations and high inventory costs mounted.
Vietnam will impose temporary anti-dumping duties on some table and chair products originating from China, the Vietnamese Ministry of Industry and Trade has said.
The unexpected low demand for Chinese goods has caused concern among traders.
Under pressure from foreign goods on e-commerce sites, Vietnamese businesses should take advantage of their internal strengths to compete.
Other RCEP-member economies have the same export products as Vietnam’s, so If Vietnam’s production capability does not improve, the domestic market will become a playing field for Chinese and other foreign products.
The Hanoi General Department for Market Management on Tuesday reported that it had seized more than 9,000 products of the fashion brand SEVEN.am.
Asanzo has been denounced for importing Chinese goods and selling the goods as Vietnamese. But Asanzo is not alone.
Customs officers of Haiphong City have discovered a batch of sport shoes shipped from the Port of Xiamen in China to Vietnam bearing “Made in Vietnam” labels, Thanh Nien newspaper reported.
More than 99 percent of goods available at Mumuso shops are made-in-China products, while other retail brands such as Miniso, Daiso and Yoyso are also selling products made in China.
VietNamNet Bridge - The volume of Vietnamese goods now available at supermarkets and shopping malls has dropped by two thirds as many have been replaced by Thai products.
VietNamNet Bridge - Experts have warned that Chinese have labelled their products as Vietnamese goods to cheat on the origin when exporting products to third countries.
VietNamNet Bridge - Vietnamese enterprises place manufacturing orders with Chinese, import Chinese-made products, label them as Vietnamese products,and sell them in the domestic market.
VietNamNet Bridge - The HCM City Taxation Agency has vowed to keep a keen eye on businesses which have conducted capital transfer deals and paid royalty fees to holding companies.
VietNamNet Bridge - All Chinese goods can be sold in Vietnam, from farm produce to automobiles, from toothpicks to electronics and from clothes to thermopower technologies.
VietNamNet Bridge - The heavy reliance on China as an input material and finished product supplier is seen as a big problem for Vietnam.
VietNamNet Bridge - Priced at slightly above the selling prices of Chinese goods and better in quality, Thai consumer products have dislodged Chinese goods out of Vietnam and competed fiercely with Vietnamese products.
The advantage of Chinese goods are the cheap prices, whileThai goods have good quality, and both are popular with Vietnamese customers, according to Dr. Le Dang Doanh, former Director of the Central Institute for Economic Management.
VietNamNet Bridge - According to many economists, China is importing many kinds of goods from Vietnam, and its reduction of growth rate needs to be studied and evaluated fully.
VietNamNet Bridge – For many years, Vietnam has suffered a huge trade deficit with China and the situation has not changed this year.
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