$4 Billion 300 Million In Vietnam Was Involved In The Investigation Of Textile Trade, "Curve Saving The Nation" Road Was Sealed.

Vietnam's customs seized 1 million 800 thousand tons of aluminum products destined for the United States at the port of thunton, with a total estimated price of US $4 billion 300 million. These aluminum products involve forgery of origin, so that tariff preferences can be obtained.

At the multisectoral joint meeting in October 28th, Nguyn Vn Cn, director general of Vietnam customs and national anti smuggling Committee, stressed: "the case is imported from a local company to China's aluminum semi manufactured products, and then transferred to the United States and other countries."

This operation is mainly due to the large difference in tax rates. Vietnam's exports to the United States only need to pay about 15% of the tax on aluminum products, while the aluminum products exported to the United States need to pay a tax of up to 374%.

Therefore, enterprises in the region have imported over 4 billion US dollars of semi manufactured aluminum products in China in the past few years. The Vietnamese Customs Department jointly inspected the Ministry of public security, Ministry of industry and trade, the Federation of industry and Commerce (VCCI) and other agencies in finding suspicious signs. It is worth noting that the customs office is also working with the US Customs to verify the above cases. In particular, the US Department of Homeland Security agents came to Vietnam to coordinate their investigations.

This year, under the supervision of the United States, Vietnam began to crack down on the Vietnamese made new clothes made by China. The US Customs explained to Vietnam Customs: even if Vietnamese enterprises imported semi manufactured products made in China to Vietnam, they would return to Vietnam, causing the actual goods not to comply with the preferential tariff policy. The US side has done its utmost to show its pressure on Chinese goods, which has made it impossible for Chinese products to pass the "curve export" method in Vietnam.

Vietnam investigates "washing area" seriously, textile foreign trade suffers impact

Since the beginning of this year, Vietnam has issued several new rules of origin, opening up the most stringent "origin inspection" in history. It can even be said that the new rules of origin are custom-made for Chinese goods, including textile products, involving chemical fiber and clothing terminal products.

In recent years, with the promotion of domestic production costs and preferential tariff policies, some textile enterprises have been transferred to Southeast Asian countries such as Vietnam. But at present, China is still the world's largest textile producer and exporter. It has the most perfect textile industry chain in the world and continues to crush its competitors in terms of infrastructure, quality of workers and production efficiency. Some relatively backward new textile countries still rely on China's textile industry. Vietnam is an example. Although Vietnam's textile industry is developing rapidly, it still relies heavily on Chinese imports on chemical fiber, fabrics and other textile products, and this gap can not be compensated in a short time.

Although China's textile industry can crush its competitors in terms of quality and quantity, China's textile foreign trade is facing unprecedented challenges due to trade barriers. Now, Vietnam is investigating "washing production areas", and the road of "export of curves" for textile foreign trade people will be blocked.

Vietnam's textile industry is ambitious. We must not lose sight of it.

At present, Vietnam has grown into the third largest textile exporter in the world.

In April 24th of this year, Vietnamese Vice Premier Zheng Dingyong signed the government's decision 18/2019/Q-TTg to prohibit the import of machinery, equipment and production lines with a technology life span of 10 years or more. The policy came into effect in June 15, 2019.

This means that Vietnam is not only satisfied with low profit links such as garment foundry, but will directly enter the raw material and fabric market. If all textile enterprises investing in Vietnam want to continue to enjoy a low tariff policy, the origin of textile materials used in the future will have to be 90% in Vietnam.

The Vietnam seized the "fake export" case also gave a reminder to the Chinese textile people. Only pragmatic development, sophisticated technology, to achieve "people without me, people have me excellent, people excellent me", create differentiated products, high-tech products, forming product technology barriers, in order to take the initiative in the new round of bigger stage competition.