Vietnam responds to US-China trade war

Economists warned that the US-China trade war could create a domino effect that falls on Vietnam's economy.

To maintain its growth momentum from now to the end of the year, Vietnam needs a more transparent investment climate, better technology with which to attract more FDI companies, and tighter control of foreign currencies to avoid divestment. Vietnam needs to prevent Chinese goods from taking advantage of the Vietnamese market by falsifying their origin and re-exporting to the US, or Vietnam could be taxed the same way China has been. Deputy Minister of Industry and Trade Do Thang Hai said at the the monthly Government meeting for July: The government issued decree 31/2018 with detailed regulations on origins of commodity export and import. A circular issued by the Ministry of Industry and Trade clearly explains the process. We approve the Ministry's plan to fight production and trade violations, including false origin of goods.

Source: VOV5