Components are produced at the Cat Thai Manufacturing & Trading Co Ltd in HCM City. Vietnamese enterprises are urged to draw up appropriate business strategies to use domestic raw materials or other sources. (Photo: VNA) Hanoi (VNA) - The Ministry of Industryand Trade (MoIT) has proposed the Government promulgate regulations onVietnamese goods and ‘Made in Vietnam’ products as there are no specific ruleson the issue.
Deputy Ministerof Industry and Trade Do Thang Hai made the statement at a press briefing heldin Hanoi on July 4, answering questions relating to potential wrongdoingsat Asanzo Vietnam Electronics JSC. The firm has reportedly been sellingfinished products imported from China labelled as “Made in Vietnam” goods.
He saidthe draft would collect opinions from ministries and people to prevent tradefraud, adding that the ministry has been actively coordinating with theMinistry of Finance (MoF) to clarify the issue.
“PrimeMinister Nguyen Xuan Phuc assigned the MoF to act as the focal point toco-ordinate with concerned ministries and agencies, including the MoIT, toinspect and report to the Government. Currently, the two ministries haveco-operated in a positive way to implement the direction of the PM,” he said.
Sharingthe opinion, Tran Thanh Hai, Deputy Director of the MoIT’s Import-ExportDepartment, said in Vietnam the labelling of goods origin is carried out inaccordance with the Government Decree 43/2017. Accordingly, the regulationrequires all goods to be labelled. On that label, there is some mandatoryinformation about the name of producers, individuals or organisations andorigin of goods.
The Decreealso stipulates that enterprises, organisations and individuals circulatinggoods must determine the information to put on their labels and takeresponsibility for recording the origin of goods.
However,he said Vietnam has participated in various free trade agreements (FTAs). Theseagreements contain provisions on goods that enjoy tariff preferences but do notyet have provisions applicable to brands in the domestic market.
He gavean example that Vietnam is participating in the ASEAN free trade area. Thecondition for granting a certificate of origin is that 40 percent of thecontent of a product is produced in ASEAN.
“Thismeans that a product can have 10 percent of Thailand, 10 percent of Indonesia,15 percent of Malaysia and only 5 percent of Vietnam. Thus, we still have nothad a clear regulation on how to determine the ratio of goods to be consideredVietnamese goods,” he said.
He addedthat the ministry would publish the official draft on its websites to collect ideasin the future.-VNA
Deputy Ministerof Industry and Trade Do Thang Hai made the statement at a press briefing heldin Hanoi on July 4, answering questions relating to potential wrongdoingsat Asanzo Vietnam Electronics JSC. The firm has reportedly been sellingfinished products imported from China labelled as “Made in Vietnam” goods.
He saidthe draft would collect opinions from ministries and people to prevent tradefraud, adding that the ministry has been actively coordinating with theMinistry of Finance (MoF) to clarify the issue.
“PrimeMinister Nguyen Xuan Phuc assigned the MoF to act as the focal point toco-ordinate with concerned ministries and agencies, including the MoIT, toinspect and report to the Government. Currently, the two ministries haveco-operated in a positive way to implement the direction of the PM,” he said.
Sharingthe opinion, Tran Thanh Hai, Deputy Director of the MoIT’s Import-ExportDepartment, said in Vietnam the labelling of goods origin is carried out inaccordance with the Government Decree 43/2017. Accordingly, the regulationrequires all goods to be labelled. On that label, there is some mandatoryinformation about the name of producers, individuals or organisations andorigin of goods.
The Decreealso stipulates that enterprises, organisations and individuals circulatinggoods must determine the information to put on their labels and takeresponsibility for recording the origin of goods.
However,he said Vietnam has participated in various free trade agreements (FTAs). Theseagreements contain provisions on goods that enjoy tariff preferences but do notyet have provisions applicable to brands in the domestic market.
He gavean example that Vietnam is participating in the ASEAN free trade area. Thecondition for granting a certificate of origin is that 40 percent of thecontent of a product is produced in ASEAN.
“Thismeans that a product can have 10 percent of Thailand, 10 percent of Indonesia,15 percent of Malaysia and only 5 percent of Vietnam. Thus, we still have nothad a clear regulation on how to determine the ratio of goods to be consideredVietnamese goods,” he said.
He addedthat the ministry would publish the official draft on its websites to collect ideasin the future.-VNA
VNA
