Vietnam's govt, bizs act to prevent origin fraud, illegal transhipment
As stricter control over the abuse of origin labelling has turned essential amid growing pressure from US trade policies, Vietnam is trying to strengthen management of imported raw materials used in the production of exported goods.
The Ministry of Industry and Trade (MoIT) had earlier released a warning list of 17 export product categories from Vietnam to the United States that are at risk of trade remedy investigations due to concerns over origin fraud and illegal transhipment.
As stricter control over the abuse of origin labelling has turned essential, Vietnam is trying to strengthen management of imported raw materials used in production. To prevent the abuse of Vietnam's origin to evade tariffs through transshipment, businesses are also taking advantage of the 90-day pause to US tariffs to implement both short-term and long-term solutions to minimise negative impacts.
The new US tariff policies pose significant challenges to Vietnamese enterprises, as origin rules are likely to become more stringent, requiring higher domestic content in exported goods, experts say. This could raise production costs and place pressure on several export sectors.
To prevent the abuse of Vietnam's origin to evade tariffs through transshipment, businesses in the country are also taking advantage of the 90-day pause to US reciprocal tariffs to implement both short-term and long-term solutions to minimise potential negative impacts, domestic media outlets reported.
Several industry experts view this challenge as an opportunity to restructure production process and enhance competitiveness.
Many businesses are working with partners to raise shipments during the 90-day tariff delay period to avoid inventory pole-up and higher tariffs, if negotiations fail.
Several businesses in Hai Duong have started implementing digital logs—tools that help track the entire production process, from sourcing raw materials to final processing, with strict input control from the outset.
Fibre2Fashion News Desk (DS)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fibre2Fashion
12 hours ago
- Fibre2Fashion
Drewry WCI jumps 70% on rebound in US-bound shipping
Drewry's World Container Index (WCI) has increased by 70 per cent over the past four weeks, as President Donald Trump's 'pause' on import tariffs led to a resumption of US-bound traffic following an initial collapse in transpacific volumes. Freight rates from Shanghai to Los Angeles have surged 57 per cent in the past week to $5,876 per 40ft container, marking a 117 per cent increase since May 8 (four weeks ago). Spot rates to New York have risen by 39 per cent over the past week and by 96 per cent over the same four-week period, according to Drewry's WCI. Drewry's World Container Index has surged 70 per cent in four weeks, driven by a rebound in US-bound traffic after President Trump paused import tariffs. Freight rates from Shanghai to Los Angeles and New York have more than doubled since early May. While the current spike reverses earlier declines, Drewry expects spot rates to fall again in H2 due to weakening supply-demand balance. Freight rates from Shanghai to Rotterdam and Genoa have also increased in the past week, by 32 per cent and 38 per cent, respectively. The latest sharp, short-term strengthening in the global container shipping supply-demand balance has reversed the downward rate trend that began in January. However, Drewry's Container Forecaster anticipates that the supply-demand balance will weaken again in the second half of the year, causing spot rates to decline once more. The volatility and timing of these rate changes will depend on the outcomes of legal challenges to Trump's tariffs and on capacity shifts linked to the proposed US penalties on Chinese vessels, both of which remain uncertain. Fibre2Fashion News Desk (KUL)
Fibre2Fashion
15 hours ago
- Fibre2Fashion
US, Chinese prezs speak on phone; focus 'almost entirely' on trade
US President Donald Trump held a long and 'very good' phone call yesterday with his Chinese counterpart Xi Jinping, according to a Truth Social post by the former. 'I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal,' Trump wrote. President Trump held a long and 'very good' phone call yesterday with his Chinese counterpart Xi Jinping, the former announced on Truth Social. The 90-minute call “resulted in a very positive conclusion for both Countries,†he noted. The conversation focused “almost entirely on TRADEâ€. Teams from both sides would meet soon, at a yet-to-be-determined location, to work out further trade arrangements. 'The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries,' he noted. A Chinese state-run news agency confirmed that the conversation was initiated by Trump. Trump's social media post said the conversation focused 'almost entirely on TRADE' and clarified that issues such as Russia/Ukraine or Iran were not discussed. Both the countries had struck a 90-day agreement on May 12 to roll back certain tariffs imposed during the ongoing trade war. However, tension over critical minerals continued. Teams from both countries would meet soon, at a yet-to-be-determined location, to work out further trade arrangements, Trump's social media post announced. The US side will be represented by treasury secretary Scott Bessent, commerce secretary Howard Lutnick and US trade representative Jamieson Greer. 'President Xi graciously invited the First Lady and me to visit China, and I reciprocated,' Trump added. Fibre2Fashion News Desk (DS)
The Hindu
a day ago
- The Hindu
Minister of State L. Murugan meets Vietnamese delegation
India and Vietnam on Thursday (June 5, 2025) agreed to step up cooperation in the media and entertainment sector during a meeting held between Union Minister of State for Information and Broadcasting and Parliamentary Affairs, L. Murugan, and a delegation of high-ranking officials from Vietnam. The Vietnamese delegation was led by Nguyen Trong Nghia, Polit Bureau member of the Communist Party of Vietnam (CPV) and chairperson of the CPV's Central Commission for Information, Education and Mass Mobilisation. The meeting was also attended by I&B Secretary Sanjay Jaju, and other senior officials of the Ministry. 'India and Vietnam share traditionally close and warm bilateral relations. In 2022, the two countries celebrated the 50th anniversary of the establishment of diplomatic relations. The India - Vietnam bilateral relations were elevated in the year 2016 to the level of 'Comprehensive Strategic Partnership' during the visit of Indian Prime Minister Narendra Modi to Vietnam,' a government release said. 'Mr. Nguyen Trong Nghia lauded India's impressive growth as the world's fourth largest economy and emphasised the strong friendship and partnership between both the countries,' it said, adding that it was proposed to have programmes for enhanced cooperation between media organisations of both sides. Also read: India-Vietnam strategic partnership 'source of security, stability, progress in region': EAM Jaishankar Mr. Murugan appreciated the participation of a large Vietnamese delegation to the World Audio Visual and Entertainment Summit 2025, in May. 'Both the countries stressed their deep civilisational connections including a shared Buddhist heritage and agreed to work actively to further strengthen their multi-dimensional cooperation,' the release said.
