casino trực tuyến m88Vietnamese aluminum businesses endeavours to “save themselves”

According to casino trực tuyến m88 recent decision of Vietnam’s Ministry of Industry and Trade, Vietnam will impose temporary anti-dumping duty (not exceeding 120 days) on some aluminum extruded products originating from China with casino trực tuyến m88 tax rate from 2.46% to 35.58%.

This is an important, essential and timely decision so that casino trực tuyến m88 domestic aluminium businesses can be secure and can have their trust in casino trực tuyến m88 government’s commitment.

Resonated difficulties

It can be said that Vietnam’s domestic aluminum manufacturing businesses have encountered tough difficulties recently when Chinese cheap aluminum products without any obvious quality standard have rushed into Vietnam’s market, causing casino trực tuyến m88 market share balance between Chinese and Vietnamese aluminium products in Vietnam’s market reverses absolutely.

If Vietnam’s domestic aluminum products accounted for 70% of Vietnam market share while Chinese ones accounted for 30% in 2017. This year Chinese aluminum products have completely overwhelmed with 70% of Vietnam market share while only  30% of casino trực tuyến m88 market share has belonged to casino trực tuyến m88 domestic products.

As Mr. Tran Dung, Ngoc Diep Aluminium Joint Stock Company’s Director, in recent time, Vietnamese aluminium manufacturing enterprises have faced casino trực tuyến m88 challenges which they have never coped with when a lot of difficulties seem to resonate.

casino trực tuyến m88 first challenge is casino trực tuyến m88 fact that casino trực tuyến m88 China’s government is applying a tax refund policy with casino trực tuyến m88 rate from 13 to 17% for Chinese aluminum exporting enterprises, creating a great advantage of price.

casino trực tuyến m88 second challenge comes from our lack of technical barrier of quality when casino trực tuyến m88 domestic market is full of Chinese aluminium products. Hence we can not prevent low quality products from rushing to our market. Additionally, our propaganda, which is not guaranteed, makes casino trực tuyến m88 consumers not be able to distinguish good quality aluminium products from low quality ones.

Vietnamese aluminium businesses not only strive to survive in a price competition but also have to ensure strict quality standards.

Thirdly, domestic aluminium enterprises’ “ failure” also originates from smuggling Chinese aluminium products with tax evasion exported to Vietnam illegally.

All casino trực tuyến m88 above challenges have caused “resonated difficulties” to Vietnam’s domestic aluminium businesses. This issue has led casino trực tuyến m88 domestic enterprises to casino trực tuyến m88 risk of bankruptcy when their products can not be sold or have to be sold at a lower price than casino trực tuyến m88 production cost, occurring their long-lasting loss.

Thus, as Mr. Tran Dung’s opinion, casino trực tuyến m88 Decision no. 1480 / QD-BCT of casino trực tuyến m88 Ministry of Industry and Trade is punctual, helpful to casino trực tuyến m88 domestic aluminium enterprises. casino trực tuyến m88 businesses can feel assured of casino trực tuyến m88 government’s support and recover their trust as well as continue their manufacturing and scale-expanding process.

Domestic aluminium enterprises must “save themselves”

In addition to casino trực tuyến m88 negative effects, casino trực tuyến m88 recent situation of Vietnam’s aluminum market has also raised a serious warning for Vietnam’s domestic aluminum businesses to review their competitive capability.

It has to be emphasized casino trực tuyến m88 Ministry of Industry and Trade’s decision no. 1480 / QD-BCT is not “a buoy” or “an umbrella” for businesses to rely on. Although this temporary anti-dumping tax policy has brought “a happy news” to casino trực tuyến m88 domestic aluminium manufacturers, these enterprises have to improve their competitive capability continuously.

casino trực tuyến m88 current difficulty to casino trực tuyến m88 domestic aluminum industry is also consideredas an opportunity for genuineand capablebusinesses to innovate andconcerntrate on their flagship productsto createcasino trực tuyến m88development motivation.

“casino trực tuyến m88 current subjective difficulities are unavoidable, but “there is a chance in casino trực tuyến m88 risk”

In casino trực tuyến m88 developments lately, our enterprise have determined to go slowly but steadily, focusing on technology investment and new product research, enhancing production efficiency as well as seeking casino trực tuyến m88 exporting chances to casino trực tuyến m88 markets such as casino trực tuyến m88 US, Canada, South Korea with flexible methods.

Mr. Tran Dung
Ngoc Diep Aluminium Joint Stock Company’s Director

Obviously, trade defense measures is applied to create an equally competitive market for consumers’ benefit. casino trực tuyến m88 domestic aluminium manufacturers need to update new technology and improve management continuously for improving their product quality and reducing casino trực tuyến m88 product cost as well as to innovate their method of contacting customers, approaching new markets, which are considered as “casino trực tuyến m88 key” to regain their market share, to survive and develop.

In particular, casino trực tuyến m88 fact that casino trực tuyến m88 domestic aluminum companies approach international markets, especially casino trực tuyến m88 markets with strict quality requirements, is highly appreciated as a direction to enhance casino trực tuyến m88 added value of their products.

However, this trend is facing difficulities due to casino trực tuyến m88 US-China war. casino trực tuyến m88 US has just finished their tax evasion investigation on several aluminium extruded products imported from Vietnam and casino trực tuyến m88 tax rate of 374.15% has been imposed temporatily after casino trực tuyến m88 investigating result declared recently.

As a result, casino trực tuyến m88 genuine aluminium enterprises needs to pay attention to that issue to avoid being imposed high tax rate when exporting to casino trực tuyến m88 US, Canada, etc.

Ngoc Diep Group considers their investment in a modern and large scale aluminium factory as a long term strategy in dominating Vietnam’s domestic market and exporting casino trực tuyến m88 products to casino trực tuyến m88 countries with strict requirements of product quality.