Ministry of Industry and Trade has released information about "Vietnam Steel transported to the United States produced in China"
According to the ministry, recently, a number of press agencies have led foreign sources to believe that "90% of Vietnam's steel transported to the United States is produced in China".
Regarding this issue, the Ministry of Industry and Trade has the following information:
According to the General Department of Customs, in the first 9 months of 2017, Vietnam imported 5.5 million tons of steel from China, worth 3.17 billion USD.
The main imports are flat rolled alloy steel (HS 7225 3090, 7225 4090), galvanized or galvanized steel (HS 7210 4912), flat rolled stainless steel (7219 1300), and rolled steel (HS 7209 1600). and steel bars and rods (HS 7227 2000).
In the first 9 months of 2017, Vietnam exported to the United States 378,164 tons of steel, worth 302.9 million USD. The most exported group is chrome plated steel (HS 7210 6111), reaching 93 million USD, accounting for 31% of the steel exported to the United States.
Statistics of the General Department of Customs show that 11 steel products exported to the United States have HS codes identical to steel imported from China, accounting for 34% of the steel exported to the United States. The remaining HS codes are either not imported from China, or the import volume is very small, not enough to export.
Up to now, the Ministry of Industry and Trade has not received any information from the United States about the United States will conduct investigation of steel products originating from China cheating in Vietnam when exported to the United States.
However, the Ministry of Industry and Trade is cooperating with relevant agencies such as the General Department of Customs, Vietnam Chamber of Commerce and Industry ... and directing functional units under the Ministry to actively monitor the situation, and at the same time strictly implement the provisions of the law to prevent frauds of goods origin and commercial fraud.
Source: Ministry of Industry and Trade VN, baodautu.vn