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Chinese steel exported with Vietnamese label
11/01/2016 12:00
HA NOI (VNS) — The Ministry of Industry and Trade has asked the Vietnam Chamber of Commerce and Industry (VCCI) and the General Department of Customs to investigate the granting of certificates of Vietnam origin for goods temporarily imported for re-export.
The ministry made the move after Khiet Tam Trade and Service Co., Ltd in HCM City and Quoc Viet Co., Ltd in the Mekong Delta province of Long An were found to have violated regulations related to the origin of goods when they shipped Vietnamese labeled steel products originated from China to Europe to enjoy high profit.
The ministry also requested the agencies take strict measures against organisations and individuals related to the case in order to protect the prestige of Vietnamese exports. Slack technical barriers and loose enforcement of legal regulations are the reasons behind the massive import of Chinese steel into Viet Nam, experts said.
The ministry made the move after Khiet Tam Trade and Service Co., Ltd in HCM City and Quoc Viet Co., Ltd in the Mekong Delta province of Long An were found to have violated regulations related to the origin of goods when they shipped Vietnamese labeled steel products originated from China to Europe to enjoy high profit.
The ministry also requested the agencies take strict measures against organisations and individuals related to the case in order to protect the prestige of Vietnamese exports. Slack technical barriers and loose enforcement of legal regulations are the reasons behind the massive import of Chinese steel into Viet Nam, experts said.
Source: VNS
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