Vietnam asks firms to use local materials as US threatens tariffs

Some producers are misleadingly labeling their products as “Made in Vietnam” to avoid tariffs. (File/AFP)
Updated 04 July 2019

Vietnam asks firms to use local materials as US threatens tariffs

  • Vietnam has been accused of benefiting from the trade war between US and China
  • US announced it would create tariffs of up to 456% on some steel materials produced in South Korea and Taiwan

HANOI: Vietnamese manufacturers should use domestically-sourced raw materials to avoid incurring US tariffs, Vietnam’s foreign ministry said on Thursday, days after Washington said it would impose large duties on some steel products shipped through the Southeast Asian country.
The US Commerce Department said on Tuesday it would slap tariffs of up to 456% on certain steel produced in South Korea or Taiwan which are then shipped to Vietnam for minor processing and finally exported to the United States.
“The Ministry of Industry and Trade has warned local companies about possible moves by importing countries, including the United States, to apply stricter requirements in trade protection cases,” Foreign Ministry spokeswoman Le Thi Thu Hang said at a routine news conference in Hanoi.
Vietnamese companies should consider business strategies that include switching to domestic materials, she said.
Hang said Vietnam will continue to work with the United States in its efforts to crack down on goods of foreign origin illegally relabelled “Made in Vietnam” by exporters seeking to dodge tariffs.
Vietnam has been touted as one of the largest beneficiaries of the ongoing trade war between the United States and China, but recent comments from US President Donald Trump have led some to believe that Vietnam may be the next target of US tariffs.
Last month, Trump said Hanoi treated the United States “even worse” than China, amid the ongoing trade spat between Washington and Beijing.
Vietnam responded by saying it was committed to free and fair trade with the United States.
Vietnam’s largest export market is the United States, with which it has a rapidly growing trade surplus, which widened to $17 billion in the first five months of this year from $12.9 billion in the same period last year.


Five dead from strong quake in southern Philippines

Updated 25 min 6 sec ago

Five dead from strong quake in southern Philippines

  • More than 200 aftershocks from the 6.3 magnitude tremor have also been recorded
  • Another 5.3 magnitude quake rocked Davao Oriental around 4:53 a.m. on Thursday  

MANILA: Five people were reported killed and dozens injured after a strong 6.3 magnitude earthquake struck southern Philippines Wednesday evening, sending people scurrying out of their residences, buildings and shopping malls.

Information released by the Philippine Institute of Volcanology and Seismology (Phivolcs) showed the shallow quake of tectonic origin occurred 7:37 p.m. 22 km southeast of Tulunan town in North Cotabato.

It was felt at intensity 7, described as destructive under the Phivolcs Earthquake Intensity Scale (PEIS), in Kidapawan City, and in Tulunan and M’Lang towns, North Cotabato.

Intensity 6 was reported in Digos City, Davao Del Sur; Sto. Niño, South Cotabato; and Tacurong City.

President Duterte’s home city of Davao experienced intensity 5, as well as, in Alabel and Malungon, Sarangani; Lake Sebu, Palomok, Tampakan and Tupi in South Cotabato; Koronadal City; Roxas and Pikit in North Cotabato; General Santos (GenSan) City; and Kalamansig, Lebak and Palimbang, Sultan Kudarat.

Intensity 4 was felt in Sarangani, Agusan Del Sur, Bukidnon, Compostela Valley, Cotabato City, and Maguindanao; intensity 3 in Iligan City and Dipolog City; intensity 2 in Butuan City and Zamboanga City; and intensity 1 in Hinatuan, Surigao Del Sur.

Reports showed the fatalities, three of them children, were from Datu Paglas in Maguindanao, M’lang in Cotabato, and Magsaysay town in Davao del Sur.

The victim from Datu Paglas was a young girl who died due to injuries sustained when the wall of their house collapsed and hit her. In M’lang town, Cotabato, a man succumbed to heart attack, while a two-year-old boy, who was then sleeping, was killed after a block of cement from a fallen wall hit him.

At a far-flung village also in Magsaysay town, a mother and her nine-month old son were killed after an earthquake-induced landslide buried their house.

The mother was reported to be still cuddling her infant when their bodies were retrieved. Rescuers managed to save the father and the couple’s two other children.

While authorities continue to assess structural damage caused by the earthquake, reports placed the number of injured at around 60, many of them hit by falling objects and debris.

Kidapawan City Mayor Joseph Evangelista said over the radio it felt like a steamroller was passing by when the quake struck. He described the shake as very strong.

Evangelista said he has ordered the forced evacuation of residents at a village situated at the foot of Mount Apo following reports of landslides and rockslides.

Patients in hospitals in some of the affected areas were also evacuated, while some residents, still shocked and traumatized by the strong quake, have chosen to temporarily stay by the roadside outside their homes.

Schools have been shut in the damaged areas, which are being seen unsafe for use. Many houses and government buildings were also severely damaged by the strong quake.

In General Santos City, firefighters continue to battle the fire that hit the Gaisano Mall after the earthquake struck. 70 to 80 percent of the mall have already been gutted by the fire, according to the Bureau of Fire Protections.

Some 2,000 employees of the Gaisano mall now fear losing their jobs due to the blaze, according to reports.

Meanwhile, another earthquake with 5.3 magnitude rocked Davao Oriental around 4:53 a.m. Thursday. No damages or casualties have been reported so far, but aftershocks are expected.

More than 200 aftershocks from the 6.3 magnitude tremor have also been recorded.

In the wake of the strong earthquake, the country’s chief state seismologist Renato Solidum said this should serve as a “wake up call” to local government units that do not take earthquake drills seriously.

These drills, he said, are intended to orient local government what to do when a big earthquake occurs.

Philippines is one of the most disaster-prone countries in the world, as it is located along a typhoon belt and the Pacific “Ring of Fire.”