Oct 29, 2019 / 16:39
Vietnam stops US-bound Chinese aluminum forging Vietnam origin worth US$4.3 billion
Currently, Vietnamese aluminum exported to the US is subject to 15% import tariff, while similar Chinese products are applicable to a tax rate of up to 374%.
![](http://media.hanoitimes.vn/2021/05/14/logo_hntimes.png)
![]() Nguyen Van Can, director general of Vietnam Customs.
|
Can added an unnamed corporation, located in southern province of Ba Ria – Vung Tau, had imported 1.8 million tons of semi-aluminum products and aluminum bars for later export to the US and other countries, aiming to profit from unfair trade gains from preferential treatments.
Currently, Vietnamese aluminum exported to the US is subject to 15% import tariff, while similar Chinese products are applicable to a tax rate of up to 374%, Can said.
Such huge difference in import tariff has led to a growing number of enterprises in Ba Ria – Vung Tau importing foreign aluminum worth billions of US dollars, Can continued.
Can also revealed the GDVC is working with the US customs to verify the case, as US agents from the Department of Homeland Security have arrived in Hanoi to cooperate in the investigation.
Can stressed in case of companies importing aluminum bars or semi-aluminum products, then melt and form into different aluminum products, they are still not qualified for Vietnamese origin.
According to Can, the authority is stepping up efforts to prevent Vietnam from becoming a transshipment hub for foreign products.
Recently, Vietnam’s customs authorities have intervened in a number of cases of importing foreign products forging Vietnamese origin.
Can informed 10 containers of bicycles are being stopped at Binh Duong Custom Department. Preliminary results showed 100% of these products are imported from abroad, but later would be assembled in Vietnam for export.
Additionally, Hai Phong Custom Department also held containers of equipment and parts imported from abroad and subject to assembling in Vietnam to become made-in-Vietnam.
Similar cases involving clothes, footwear, phone accessories originated from China but labeled as Vietnamese goods for domestic use are being found in ports in Hai Phong, Ho Chi Minh City, Binh Duong, Dong Nai, among others.
Other News
- Vietnamese consumers spend US$32 million daily on online shopping
- Authorities and businesses team up to boost Vietnamese e-commerce
- HSBC raises Vietnam’s GDP growth forecast to 6.5% in 2024
- Experts urge Vietnam to capitalize on tourism strengths
- Civilized market model ensures consumer rights
- Vietnam targets US$7,500 GDP per capita by 2030
- Hanoi embraces cashless future with marketplace innovations
- Vietnam's agricultural exports strive to meet safety standards
- Gov’t mulls creation of oil and gas trading exchange
- Hanoi promotes women's role in safe agri-food trade
Trending
-
State Funeral held for Communist Party Chief Nguyen Phu Trong
-
Vietnam news in brief - July 26
-
Legal tools required to tackle air pollution issues in Hanoi
-
How fake news hooks us?
-
South Korean writer spends 10 years on book about CPV General Secretary
-
Rustic charm of Hanoi's street vendors: Timeless beauty
-
iHaNoi sees 52,000 registered accounts, 20,000 daily visits
-
Youth-Led Environmental Initiative in Hanoi
-
Unique lotus flower art on display in Hanoi