- The volume of goods transported from China to Vietnam accounted for 35% of total multimodal import and export orders, and 80-90% of shipments from the country of billions of people.
- The Ministry of Industry and Trade is still trying to support Vietnamese businesses by continuing to work with the Chinese side.
How does the business “face”?
According to Diamond Star Logistics Company, during this time, the volume of goods transported from China to Vietnam accounted for 35% of total multimodal import and export orders, and 80-90% of shipments from the country of billions of people. Was reported to have arrived 2 weeks to 1 month later than usual.
Garment 10 company reported that there were some orders for raw materials and supplies imported from China, up to 1, 2 months behind schedule. Not only that, about 30-40% of export orders are delayed due to lack of materials for production for businesses. So, to overcome the shortage of raw materials and accessories because of dependence on imports, Garment 10 company has promoted cooperation and association with domestic suppliers to make the most of the incentives from FTAs.
Talking about this issue, Mr. Bach Thang Long, Deputy General Director of Garment 10 Corporation said: “If it is related to logistics issues, we coordinate with customers to change the form. Before shipping by road Sea is replaced by air, even by road”.
The move from the Ministry of Industry and Trade
According to the Import-Export Department of the Ministry of Industry and Trade, when FDI enterprises in Vietnam set up factories with industries such as electronics, telephones, etc., if they have oriented to use the supply chain of raw materials and accessories from China, they will This supply cannot be changed at once. However, the Ministry of Industry and Trade is still trying to support Vietnamese businesses by continuing to work with the Chinese side, affirming that Vietnam always pays attention to and ensures epidemic prevention when circulating goods through Vietnam border gates and seaports.
Faced with this dilemma, Mr. Tran Thanh Hai – Deputy Director of the Import-Export Department – Ministry of Industry and Trade proposed a direction for businesses facing difficulties: “Enterprises will have to delay the progress and This also promotes FDI enterprises in Vietnam to link and transfer technology more strongly to domestic enterprises to increase the number of raw material suppliers in Vietnam to be more proactive in supply of raw materials”.