Viet Nam News The High Quality Vietnamese Product Business Association chose 542 enterprises to receive the prestigious “Vietnamese High-Quality Goods” certificate in 2019. This figure is nearly 100 fewer firms than in 2018 and fewer than in previous years, reflecting the fact that Vietnamese products face fierce competition from imported ones, in part due to the impacts of free trade agreements and the increasing diversification of modern foreign distribution channels into the domestic market. Chairman of the Việt Nam Chamber of Commerce and Industry (VCCI) Vũ Tiến Lộc talks with Vietnam News Agency about potential policies to deal with this issue In the context of economic integration and especially after implementing many free trade agreements, domestic enterprises and made-in-Vietnam goods are facing competitive pressure and are at risk of being crowded out of the local market. Do you have any comments about this problem? It’s already difficult to avoid this problem, and it will be more severe now that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has come into effect in Việt Nam. A survey was conducted to review the five years of the campaign “Vietnamese people prioritise Vietnamese products”. The results showed that only 63 per cent of consumers said they would prioritise to buying Vietnamese goods when they were shopping. The results of another investigation by the Vietnamese High-quality Product Club, which was conducted recently, showed the rate of consumers that favour Vietnamese goods was 51 per cent. About 60 per cent of Vietnamese consumers said… [Read full story]
The survey was conducted on more than 3,000 enterprises from domestic private companies, foreign-invested firms and state-owned enterprises, covering such aspects as access to information, the service of customs officers and goods inspections. The satisfactory levels of the business community towards the customs sector have improved in most aspects, said VCCI’s head of legal affairs Dau Anh Tuan. He elaborated that 91% of the surveyed enterprises considered that the information provided by customs agencies was consistent and 90% reported that the available customs information was easy to find. The respective figures for 2015 were 77% and 81%. Furthermore, the ratio of enterprises to report difficulties also dropped considerably compared with the findings in 2015. Roughly 14% said they faced difficulties when dealing with goods inspection procedures at clearance, compared with 21% in 2015. Those having trouble in tax refund procedures fell from 31% to 23%. It is noteworthy that up to 84% of the surveyed enterprises stated that the support of customs agencies was effective when they were faced with difficulties in dealing with customs procedures. Nevertheless, enterprises said that there were still many obstacles in implementing export-import procedures, with 56% reporting finding it difficult to learn about customs procedures. VCCI President Vu Tien Loc stated that the relevant state agencies need to further simplify administrative reform, step up IT application and increase transparency to facilitate enterprises, thereby boosting export and import activities in 2019 and the subsequent years.