Many Vietnamese companies stop importing Chinese products

May 17th at 16:00
17-05-2014 16:00:23+07:00

Many Vietnamese companies stop importing Chinese products

A number of Vietnamese companies specialising in the importation of Chinese products have halted importation of products from the country in the wake of tensions over the East Sea.

 

Vu Xuan Nam 3D Ornamental Slab Ltd. Co. in Hanoi has imported Chinese furniture for two years, but has since began seeking new sources for their products, including South Korea.

The company's director said that Chinese furniture is very cheap, but customers increasingly prioritise quality goods.

A representative from Tin Viet Ltd. Co., also based in Hanoi, said that the sales of enameled tiles imported from China has slowed down following Vietnamese opposition to illegal Chinese illegal actions. The company has also considered changing to other areas of business.

Vu Thi Thu, Director of Q.T Fashion JS Company, in Hanoi’s Ha Dong District, said that her firm has stopped importing Chinese clothes in the past three days, sourcing their products instead from Thailand.

The director of Sen Vang Tourism and Trade Company, Thuy Hien, said that the number of Vietnamese people who have cancelled tours to China has been on the increase in recent days.

Before the oil rig incident in the East Sea, the company received large numbers of Vietnamese who booked tours to China, but the numbers has dropped by 20-30%.

Yet another Hanoi-based company, Viettimes Travel, has reported a similar drop off in Chinese tours sold, with between only 3-5 people inquiring about tours to China daily. They said that previously the number averaged between 10 and 20. Around 10% of customers have cancelled previously booked tours to China.

vir



NEWS SAME CATEGORY

Viet Nam targets more FDI with new legal framework

Viet Nam plans to improve its legal framework to create a favourable investment environment and help the state better manage these activities, said an official from...

Phu Quoc island approves another 200 projects

Some 194 investment projects, mainly in tourism, have been granted licences on Phu Quoc Island in the southern province of Kien Giang from 2011 to now, according to...

Slovenian firms eye VN market opportunities

Slovenian businesses have had a chance to learn about opportunities for cooperation in Vietnam at an economic integration seminar in the Slovenian capital of...

Equitisation gains momentum

The Ministry of Construction will complete equitisation of all its enterprises next year.

VN, Myanmar boost steel links

Viet Nam and Myanmar are looking to set up a joint venture in steel manufacturing, said visiting Myanmar Minister of Industry U Maung Myint, in Ha Noi on Wednesday.

City pursues trade with Czech Republic

Officials in HCM City have laid out the welcome mat for investors from the Czech Republic during their visit this week to seek partnerships in business projects.

Japanese invested firms hunting for Vietnamese senior personnel

The demand for Vietnamese senior staff has been soaring amid a wave of Japanese investors flocking to Vietnam to set up their production bases.

New laws promote ease of business

Vietnam is changing its laws on enterprises and investment to boost the ease of doing business in the country.

Talented youth develop rural areas

The recruitment of 500 of the nation's best and brightest to work as civil servants in rural and mountainous communes, will promote development, transparency and...

Delays lead to revocation of projects

The central province has revoked four investment projects due to delayed commencement since early this year, the provincial department of planning and investment...


MOST READ


Back To Top