Vietnamese enterprises

The Trade Office of the Vietnamese Embassy in Morocco has warned Vietnamese exporters and plastic exporters in particular, not to conduct transactions with Moroccan company FISHERLAB SARL to avoid risks. The Moroccan company is represented by Director Khalid with the phone number: 00 212 (0) 6 22 10 93 52 and 00 21 26 01 76 76 27, mobile number: 212 661 607818, and email: [email protected] or [email protected] A Vietnamese enterprise was reported to have encountered troubles in selling plastic materials to the Moroccan company. FISHERLAB SARL has shown signs of dishonesty in its import transactions, making many demands on exporterswhile at the same time avoiding payment responsibilities under the signed contracts. The company has also shown signs of collusion with a bank branch to avoid payment obligations. … [Read more...] about Vietnamese enterprises warned about fraud risk with Moroccan firm

Of the surveyed enterprises, nearly 85 percent said their consumption markets have narrowed and 60 percent complained about the lack of capital and cash flow. Meanwhile, 43 percent said they would have to reduce their workforce because there was not enough work, and 82 percent expected their revenues to fall over last year. … [Read more...] about Covid-19 could bankrupt 50 pct of Vietnamese enterprises: VCCI

Mr. To Hoai Nam, Vice Chairman of the Vietnam Association of Small and Medium Enterprises, said that domestic enterprises have never encountered such difficult situations as currently. From January to February, enterprises faced difficulties due to the risk of raw material supply disruption. Many enterprises had to link to seek and share the sources of raw materials from other markets at higher prices. By the first half of March, when the sources of raw materials are basically enough to maintain the production of some industries, some countries temporarily halted the import of Vietnamese goods. Statistics in the first quarter of this year, the export turnover was estimated at US$59.08 billion, up 0.5 percent compared to the same period last year. There were eight products with export turnover above $1 billion, accounting for 70.6 percent of the total exports. Cell phones and components hit $12.4 billion; computers and components $8.2 billion; garment and textile $6.6 billion; … [Read more...] about Enterprises wait for aid packages

Hanoi (VNA) - Vietnam’s exporters must self-verify the origin of their products that they export to the European Union (EU) from 2019 to be qualified for Generalised System of Preferences (GSP) which is the tariff preference for developing countries. With the aim of integrating further into the global economy, Vietnam has joined many free trade agreements (FTAs) that have the self-certification mechanism of origin. Self-certification of origin is a mandatory requirement of the EU for some countries, including Vietnam. The Import and Export Department under the Ministry of Industry and Trade said under the requirement, the responsibility for verifying product origin will be shifted from authorities to enterprises or exporters. Enterprises will have to perform all the steps themselves, meeting the requirements of product origin and be accountable for their accuracy. At the same time, it reduces the risk of licensing authorities and minimises the burden on customs. According … [Read more...] about Vietnamese exporters must self-verify origin from 2019

The ILO has called on countries to take urgent measures on a large scale in four pillars, namely supporting businesses, employment and income; stimulating the economy and employment; protecting workers; and using social dialogue between governments, workers and employers to seek solutions. … [Read more...] about ILO Vietnam willing to help Vietnamese gov’t, employers, workers