Vietnamese Manufacturers Face Struggles Due to Cheap Chinese E-commerce Imports
Vietnamese manufacturers are struggling due to cheaper Chinese products sold via e-commerce platforms like Taobao, Temu, and 1688. These platforms provide quick delivery and lower prices, putting local businesses, especially small and medium enterprises, under significant pressure. The chairman of Ho Chi Minh Rubber Plastic Manufacturer Association calls for government intervention to safeguard local industries and ensure fair trade practices.
Vietnamese manufacturers, especially small and medium enterprises, are facing significant challenges due to an influx of cheaper Chinese products sold through e-commerce platforms such as Taobao, Temu, and 1688.
This issue, emphasized by Nguyen Quoc Anh, chairman of the Ho Chi Minh Rubber Plastic Manufacturer Association, is threatening the local consumer goods sector, particularly in footwear and plastics.
Vietnamese consumers can purchase products directly from these platforms, with quick delivery options, creating fierce competition and price pressure on local businesses.
Many Vietnamese manufacturers are unable to compete with the lower prices and convenience offered by Chinese imports and, as a result, some resort to importing and rebranding these items.
However, Chinese imports continue to dominate due to their lower cost and availability.
Anh highlights the unfair competition, noting that Chinese platforms avoid paying taxes in Vietnam and benefit from strong support from the Chinese government, while Vietnamese small and medium businesses face high production costs and taxes on raw materials.
He calls for government intervention to safeguard local production through measures such as imposing import taxes on Chinese goods sold online, to ensure fair trade practices.
This issue, emphasized by Nguyen Quoc Anh, chairman of the Ho Chi Minh Rubber Plastic Manufacturer Association, is threatening the local consumer goods sector, particularly in footwear and plastics.
Vietnamese consumers can purchase products directly from these platforms, with quick delivery options, creating fierce competition and price pressure on local businesses.
Many Vietnamese manufacturers are unable to compete with the lower prices and convenience offered by Chinese imports and, as a result, some resort to importing and rebranding these items.
However, Chinese imports continue to dominate due to their lower cost and availability.
Anh highlights the unfair competition, noting that Chinese platforms avoid paying taxes in Vietnam and benefit from strong support from the Chinese government, while Vietnamese small and medium businesses face high production costs and taxes on raw materials.
He calls for government intervention to safeguard local production through measures such as imposing import taxes on Chinese goods sold online, to ensure fair trade practices.
