Still work to do to reform specialised inspections – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  During the first six months of the year, ministries and sectors removed half of the goods from the list of products under specialised management and inspection, but there are still more than 77,400 goods on the list. — Photo HÀ NỘI — Reform of management procedures and inspections for export and import goods has changed little in the first half of this year, according to the Ministry of Planning and Investment (MPI). During six months, ministries and sectors removed 50 per cent of goods from the list of products under specialised management and inspection. However, according to…

Read More

Trade war to hit high-end US fashion brands dependent on specialised Chinese manufacturing

High-end US fashion brands have become more reliant on China for manufacturing, making them more vulnerable to an increase in trade war tariffs, a new study shows.While imports of basic apparel items such as T-shirts and underwear can easily be shifted to lower-cost production hubs such as Vietnam, Cambodia or Bangladesh, China has become so specialised in the manufacturing of higher-value goods such as accessories and coats, that US brands may be forced to stomach the tariff hike.Research from… Source link

Read More