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Facilitating recovery of Vietnam’s yarn sector in midst of US policy enforcement

August 7, 2022 by vir.com.vn

What are the concerns surrounding the Uyghur Forced Labor Prevention Act (UFLPA) implementation among Vietnamese garment exporters to the US? Association chairman Vu Duc Giang Some of the concerns are real. Since the UFLPA became effective in June, Vietnam has witnessed certain impacts on its garment exports to the US. Vietnam has maintained its position as the world’s third-largest cotton importer with a volume of 1.5 million tonnes per year. This includes 800,000 tonnes of cotton imported from the US, accounting for 60 per cent of the total imports. In January 2021, US Customs and Border Protection announced a ban on raw fibres, apparel, and textiles made from Xinjiang-grown cotton, which also covers cotton products made in third countries. Customs will detain imported merchandise unless the importer can prove by clear and convincing evidence that the goods were not from Xinjiang. What is the status of the recommendations from the US on Chinese cotton? Vietnam … [Read more...] about Facilitating recovery of Vietnam’s yarn sector in midst of US policy enforcement

Filed Under: Corporate yarn, Vietnam’s yarn sector, The Vietnam Textile and Apparel Association, Uyghur Forced Labor Prevention Act (UFLPA), The Vietnam..., vietnam banking sector, vietnam visa policy, vietnam airlines baggage policy, vietnam foreign policy, visa policy of vietnam, vietnam import policies tariffs and restrictions, Law Enforcement Policy

Defense minister inspects Vietnam Military History Museum’s project and Army Corps 2

August 8, 2022 by en.qdnd.vn

During the visit, General Giang directly inspected the construction progress of the project and listened to reports delivered by the investor and the contractors about the results of the first phase of the project. Speaking at the working session with the investors and contractors, General Giang praised the collaboration among relevant agencies and functional organs of the defense ministry to ensure the project’s progress. He underlined that the project is significantly meaningful in terms of history and culture; therefore, he urged the investors to continue disseminating the importance of the project to relevant units and agencies, implementing the work in close line with legal regulations on managing construction investment and bidding, and avoiding wastefulness. Also, the defense minister required the contractors to ensure regulations of occupational safety and the construction’s quality as required. * The same day, General Giang worked with Army Corps 12 (Truong Son … [Read more...] about Defense minister inspects Vietnam Military History Museum’s project and Army Corps 2

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‘Time against us’ in bid to rescue 10 Mexican miners after 3 days underground

August 8, 2022 by tuoitrenews.vn

Large pumps sucked water from a flooded coal mine in Mexico on Saturday as authorities weighed whether to send divers to try to save 10 miners who have been trapped underground for more than three days. The miners became trapped at a mine in the northern border state of Coahuila on Wednesday afternoon when their excavation work caused a tunnel wall to collapse, triggering flooding in three wells. President Andres Manuel Lopez Obrador said Saturday would be "decisive" in determining whether divers could safely enter the mine. But by afternoon, Coahuila Governor Miguel Riquelme said water levels were still too high. "Time is against us," he told families at the site, Mexican media reported. Mexico's President Andres Manuel Lopez Obrador visits a coal mine that collapsed leaving miners trapped in Sabinas, Coahuila state, Mexico August 7, 2022. Photo: Mexico Presidency/Handout via Reuters Relatives keeping vigil outside said they were pinning their hopes on the … [Read more...] about ‘Time against us’ in bid to rescue 10 Mexican miners after 3 days underground

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Demand for cotton forces adjustments

August 7, 2022 by vir.com.vn

Thanh Cong Textile Garment Investment Trading JSC exported over one-third of its products to the United States in 2021. However, the company started to face challenges following the US’ blanket ban on all Xinjiang cotton. Last year, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act. Vietnam’s cotton imports reach up to one million tonnes each year, Photo: Shutterstock Tran Nhu Tung, chairman of the company, said that the company has adopted regulations this year related to this act. Accordingly, buyers have to be responsible for export orders to the US which source Chinese cotton materials. Thanh Cong secures many large orders from the US. In 2022, the company sets a target to generate $179 million in revenues and $10.87 million in profit, up 120 per cent and 188 per cent respectively against last year. Tung noted that yarn exports are the main driving force for Thanh Cong. “There is a rapidly growing demand for yarn imports in the global … [Read more...] about Demand for cotton forces adjustments

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