USTR announced an increase of special tariffs to 25% on $200 billion of U.S. imports from China on May 10 (“3rd List”), and then, on May 13, announced a “4th List” of $300 billion of imports from China subject to special tariffs, so the tariffs will cover all U.S. imports from China. Contact CTRMS for help moving sourcing from China to Vietnam, including “Advance Rulings” from U.S. Customs and Border Protection. Read more
The U.S. Trade Representative is taking the necessary steps to impose tariffs on the remaining $300 billions worth of Chinese goods coming into the U.S. The USTR plans to hold a public hearing on June 17, followed by at least a week of discussions. This gives the White House a window of time leading up to the G-20 Summit, Jun 28-29 to decide. Read more
AAFA (the American Apparel and Footwear Association presented an “open-industry webinar,” sponsored by KPMG, available to all professionals in the apparel and footwear industry. These webinars feature insight and knowledge sharing by AAFA member companies who provide business solutions for your supply chain, trade policy, and brand protection needs. The on-demand webinar, “Determining Country of Origin,” explained CBP’s Country of Origin rules to ensure that companies make the right moves in response to the U.S.-China “Section 301 tariffs impact, and in the most cost-efficient way possible.
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Advance Rulings provide certainty and speed up customs clearance.
Avoid possible negative impact from U.S.-China Trade Dispute and risk of “False Declaration of Origin”.
U.S. Advance rulings are legally binding written decisions by U.S. Customs and Border Protection at the request of the person concerned on specific particulars, classification, origin, origin markings, valuation, etc., in relation to the intended importation of goods into the United States.
A number of large-scale smuggling cases employing sophisticated methods have recently challenged the country’s customs agency.
The General Department of Vietnam Customs said that it seized four imported containers consisting of new automotive parts but were labelled as containing scrap.
The reforms in Vietnam’s management procedues and control have not yet seen significant changes, according to the findings of the American government’s USAID Governance for Inclusive Growth (GIG) program. Specialised management of import goods was a major obstacle, which creates extra costs and time loss for enterprises, Nguyễn Đình Cung, CIEM head, was reported as saying by chinhphu.vn.
U.S. Customs and Border Protection will provide technical assistance to help U.S. exporters resolve issues involving tariff classification and customs valuation treatment by other customs administrations. Read more
At a recent meeting of City Leaders and FDI Business Associations, FDI investors made very candid comments about the procedures and the problems encountered when doing business in Vietnam. 63% of Japanese companies said the lack of transparency in the administration is a risk when investing in Vietnam. The Japanese Business Association (JBAH) representative said Circular 23 will hinder Japanese enterprises’ plans to invest in Vietnam. Read more
From April 2015, Mercer, the leading global provider of Salary Survey, and Talentnet, its associate in Vietnam, will be conducting the 2015 Vietnam Salary Survey. With 16 years’ experience, Mercer and Talentnet are widely regarded as the longest-established salary survey provider in Vietnam.
With 473 participants from either prestigious local organizations or foreign companies and remuneration data from 164,970 employees and 1,694 positions, 2014 salary survey was acknowledged as the biggest and the most comprehensive salary survey report in Vietnam.
The Vietnam Salary Survey 2015 provides essential data including salary range, common allowances and bonuses by industry and level, the compensation mix for each level of staff, employee turnover rates, the most difficult jobs to attract and retain …., helping businesses allocate their remuneration budgets efficiently to assure internal equity and increase their competitiveness in the Vietnam labor market.
Kick off Salary Survey Seminar
- Ho Chi Minh: 1st April
- Ha Noi: 2nd April
Contact: (08) 6291 41 88 – 616 or Email: [email protected]
“To be honest, a 20-year-old machine made in Sweden is better than a brand new one produced in China.”
The proposed circular would only help Chinese companies dominate the market by forcing small and medium businesses to buy cheap machinery from the neighboring country.