Apparel Sector a Reminder That Vietnam and China Must Get Along

Vietnam this week just celebrated the fact it has survived nearly a millennium of independence from China, which previously ruled the smaller neighbor for nearly as long. Much is made of the ancient rivalry between the two sides — but there is far less attention, especially on the international stage, on areas where they both get along fairly well.

The textile and garment sector is as good an example as any of this amicable cooperation, given that China is the world’s biggest exporter in the industry, and Vietnam is the second biggest. Analysts often describe Hanoi as taking a path similar to Beijing’s, both having communist leaders who turned toward export-led market capitalism in recent decades, and in terms of selling ever more footwear, clothes and bags to the world, Vietnam is indeed following China’s actions.

“China and Vietnam hold a pivotal position in the global textile market,” Chen Dapeng, president of the China National Garment Association, said at a trade conference in Ho Chi Minh City this month. “The industries of the two countries are highly complementary.”

The industries compete for customers, but they are also complementary in that Chinese factories supply much of the fabric and other inputs needed in the business, while Vietnamese factory hands are increasingly supplying the labor as costs rise in China.

“We believe many in Asia can cooperate,” said Le Tien Truong, CEO of the Vietnam National Textile and Garment Group. “We are not just taking Chinese investment, but also reforming Vietnamese suppliers.”

He and others in Vietnam speak of domestic reform because the country does not have as large and complex a network of textile suppliers and processors as in China. That is one reason the smaller country relies on the larger one as its biggest source of imported goods overall. No matter the geopolitical problems at the top, the reality is that textile firms on both sides of the border work together to turn a profit. 

On one hand, amid the trade war between the United States and China, the latter competitor has lost some of its business to Vietnam. On the other hand, it is not just foreign third parties moving factories from China to Vietnam, but also Chinese investors themselves, who deem it beneficial to relocate some of their supply chain to the south.

This month a large contingent of Chinese textile companies went scouting for Vietnamese partners in the industrial parks just outside Ho Chi Minh City.

This global shift in interest toward Vietnam has helped it to catch up to China, which is still the export leader in shoes and garments.

“We congratulate Vietnam for that big effort,” said Sun Rui Zhe, president of the China National Textile and Apparel Council.

He noted his country looks to support that effort as part of its Belt and Road Initiative, which gives loans and grants to dozens of countries, mostly for infrastructure, but also private industry, including textiles. Beijing has already financed dozens of projects in Vietnam, from coal power to ship yards to fertilizer plants.

“China has done our best to improve our relations all over the world,” Sun said.

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Apparel Sector a Reminder That Vietnam and China Must Get Along

Vietnam this week just celebrated the fact it has survived nearly a millennium of independence from China, which previously ruled the smaller neighbor for nearly as long. Much is made of the ancient rivalry between the two sides — but there is far less attention, especially on the international stage, on areas where they both get along fairly well.

The textile and garment sector is as good an example as any of this amicable cooperation, given that China is the world’s biggest exporter in the industry, and Vietnam is the second biggest. Analysts often describe Hanoi as taking a path similar to Beijing’s, both having communist leaders who turned toward export-led market capitalism in recent decades, and in terms of selling ever more footwear, clothes and bags to the world, Vietnam is indeed following China’s actions.

“China and Vietnam hold a pivotal position in the global textile market,” Chen Dapeng, president of the China National Garment Association, said at a trade conference in Ho Chi Minh City this month. “The industries of the two countries are highly complementary.”

The industries compete for customers, but they are also complementary in that Chinese factories supply much of the fabric and other inputs needed in the business, while Vietnamese factory hands are increasingly supplying the labor as costs rise in China.

“We believe many in Asia can cooperate,” said Le Tien Truong, CEO of the Vietnam National Textile and Garment Group. “We are not just taking Chinese investment, but also reforming Vietnamese suppliers.”

He and others in Vietnam speak of domestic reform because the country does not have as large and complex a network of textile suppliers and processors as in China. That is one reason the smaller country relies on the larger one as its biggest source of imported goods overall. No matter the geopolitical problems at the top, the reality is that textile firms on both sides of the border work together to turn a profit. 

On one hand, amid the trade war between the United States and China, the latter competitor has lost some of its business to Vietnam. On the other hand, it is not just foreign third parties moving factories from China to Vietnam, but also Chinese investors themselves, who deem it beneficial to relocate some of their supply chain to the south.

This month a large contingent of Chinese textile companies went scouting for Vietnamese partners in the industrial parks just outside Ho Chi Minh City.

This global shift in interest toward Vietnam has helped it to catch up to China, which is still the export leader in shoes and garments.

“We congratulate Vietnam for that big effort,” said Sun Rui Zhe, president of the China National Textile and Apparel Council.

He noted his country looks to support that effort as part of its Belt and Road Initiative, which gives loans and grants to dozens of countries, mostly for infrastructure, but also private industry, including textiles. Beijing has already financed dozens of projects in Vietnam, from coal power to ship yards to fertilizer plants.

“China has done our best to improve our relations all over the world,” Sun said.

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US Negotiators to Visit China Next Week for New Round of Trade Talks

The White House says two senior economic officials will travel to China next week to continue negotiations aimed at resolving the two economic giants ongoing trade war.

A statement issued Tuesday says Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will meet with Vice Premier Liu He in Beijing on April 30. The two sides will discuss such issues as intellectual property, forced technology transfer, non-tariff barriers and agriculture. 

The White House says Vice Premier Liu will lead a Chinese delegation to Washington for additional talks the following week, on May 8.

Washington and Beijing have been engaged in several rounds of talks since the start of the year to resolve a trade war that began last year when President Donald Trump imposed punitive tariffs on $250 billion worth of Chinese imports to compel Beijing to change its trading practices. China has retaliated with its own tariff increases on $110 billion of U.S. exports. 

The Trump administration is also pushing China to end its practice of forcing U.S. companies to transfer their technology advances to Chinese firms.

Trump and Chinese President Xi Jingping agreed to a 90-day truce in the trade war during a meeting in Buenos Aires last December 1. The U.S. president had initially imposed a deadline of March 2 for both sides to reach a deal before imposing a hike in tariffs from 10 to 25 percent, but delayed the increase just days before they were to take effect citing “substantial progress” in the negotiations.

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US Negotiators to Visit China Next Week for New Round of Trade Talks

The White House says two senior economic officials will travel to China next week to continue negotiations aimed at resolving the two economic giants ongoing trade war.

A statement issued Tuesday says Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will meet with Vice Premier Liu He in Beijing on April 30. The two sides will discuss such issues as intellectual property, forced technology transfer, non-tariff barriers and agriculture. 

The White House says Vice Premier Liu will lead a Chinese delegation to Washington for additional talks the following week, on May 8.

Washington and Beijing have been engaged in several rounds of talks since the start of the year to resolve a trade war that began last year when President Donald Trump imposed punitive tariffs on $250 billion worth of Chinese imports to compel Beijing to change its trading practices. China has retaliated with its own tariff increases on $110 billion of U.S. exports. 

The Trump administration is also pushing China to end its practice of forcing U.S. companies to transfer their technology advances to Chinese firms.

Trump and Chinese President Xi Jingping agreed to a 90-day truce in the trade war during a meeting in Buenos Aires last December 1. The U.S. president had initially imposed a deadline of March 2 for both sides to reach a deal before imposing a hike in tariffs from 10 to 25 percent, but delayed the increase just days before they were to take effect citing “substantial progress” in the negotiations.

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US, China Upbeat Ahead of Next Round of Trade Talks 

VOA Mandarin Service reporter Lin Feng contributed to this report.

STATE DEPARTMENT — The United States and China are striking a positive tone ahead of next week’s talks in Beijing, aimed at ending a trade war, as both countries work toward a trade deal.

“We’re doing well on trade, we’re doing well with China,” U.S. President Donald Trump told reporters as he departed the White House for an event in Florida on Wednesday.

Washington and Beijing have held several rounds of talks this year to resolve a trade war that began last year when Trump imposed punitive tariffs on $250 billion worth of Chinese imports  He hoped to compel Beijing to change its trading practices. China retaliated with its own tariff increases on $110 billion of U.S. exports.

Next week, two senior American officials travel to Beijing to resume trade negotiations.U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will meet with Chinese Vice Premier Liu He on April 30. The two sides will discuss intellectual property, forced technology transfer, non-tariff barriers, agriculture, and other issues.

Vice Premier Liu will then lead a Chinese delegation to Washington for additional talks the following week, on May 8, according to a White House statement.

In Beijing, Chinese officials said Wednesday that “tangible progress” has been achieved on trade with the U.S. 

“Both sides are also maintaining communication. We believe that both sides’ trade delegations can work together, meet each other halfway and work hard to reach a mutually beneficial agreement,” according to Chinese Foreign Ministry spokesperson Geng Shuang.

As the United States and China appear close to reaching a negotiated settlement over trade disputes, a group of American business and retailers called for a “full and immediate removal of all added tariffs” on Chinese goods in a deal, saying anything less would be a “loss for the American people.”

On Monday, business groups from “Americans for Free Trade” asked the Trump administration to “fully eliminate tariffs” on Chinese goods, saying tariffs are taxes that American businesses and consumers pay.

“Americans have paid over $21 billion in taxes due to the imposition of new tariffs,” said a letter to President Trump on April 22.

But some experts say the administration lacks confidence in China’s enforcement of a trade deal, and predict some punitive tariffs are likely to remain. 

“I cannot imagine China accepting a deal where all the tariffs stay in place. I don’t see how (Chinese President) Xi Jinping can take that to his people. There has to be something for China. On the other hand, I guess I will be surprised if the U.S. removed all of the tariffs because clearly, the USTR team would like to keep at least some of them in place,” David Dollar, Brookings Institution’s senior fellow, told VOA Mandarin.

“The smart thing would be to remove the tariffs on all of the parts and components, and perhaps on some consumer goods. It seems likely to get that compromise,” he added.

The U.S. market accounts for roughly 18% of Chinese exports. That number reaches 40% when including the European Union and Japan.

And while the administration has mostly utilized unilateral measures and bilateral negotiations to address trade disputes, former U.S. trade officials say now is the time for Washington to work with like-minded allies on trade challenges.

​Numerous countries share concerns about China’s state-led economic model, according to former Acting Deputy U.S. Trade Representative Wendy Cutler.

In the EU-China Strategic Outlook published on March 12, the European Commission called China a “systemic rival,” and identified “China’s proactive and state-driven industrial and economic policies” as areas of concern.

Cutler, now the Asia Society Policy Institute’s vice president, said in a recent publication that a joint effort in a coordinated campaign would provide the United States and other countries stronger negotiating leverage.

 

 

 

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US, China Upbeat Ahead of Next Round of Trade Talks 

VOA Mandarin Service reporter Lin Feng contributed to this report.

STATE DEPARTMENT — The United States and China are striking a positive tone ahead of next week’s talks in Beijing, aimed at ending a trade war, as both countries work toward a trade deal.

“We’re doing well on trade, we’re doing well with China,” U.S. President Donald Trump told reporters as he departed the White House for an event in Florida on Wednesday.

Washington and Beijing have held several rounds of talks this year to resolve a trade war that began last year when Trump imposed punitive tariffs on $250 billion worth of Chinese imports  He hoped to compel Beijing to change its trading practices. China retaliated with its own tariff increases on $110 billion of U.S. exports.

Next week, two senior American officials travel to Beijing to resume trade negotiations.U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will meet with Chinese Vice Premier Liu He on April 30. The two sides will discuss intellectual property, forced technology transfer, non-tariff barriers, agriculture, and other issues.

Vice Premier Liu will then lead a Chinese delegation to Washington for additional talks the following week, on May 8, according to a White House statement.

In Beijing, Chinese officials said Wednesday that “tangible progress” has been achieved on trade with the U.S. 

“Both sides are also maintaining communication. We believe that both sides’ trade delegations can work together, meet each other halfway and work hard to reach a mutually beneficial agreement,” according to Chinese Foreign Ministry spokesperson Geng Shuang.

As the United States and China appear close to reaching a negotiated settlement over trade disputes, a group of American business and retailers called for a “full and immediate removal of all added tariffs” on Chinese goods in a deal, saying anything less would be a “loss for the American people.”

On Monday, business groups from “Americans for Free Trade” asked the Trump administration to “fully eliminate tariffs” on Chinese goods, saying tariffs are taxes that American businesses and consumers pay.

“Americans have paid over $21 billion in taxes due to the imposition of new tariffs,” said a letter to President Trump on April 22.

But some experts say the administration lacks confidence in China’s enforcement of a trade deal, and predict some punitive tariffs are likely to remain. 

“I cannot imagine China accepting a deal where all the tariffs stay in place. I don’t see how (Chinese President) Xi Jinping can take that to his people. There has to be something for China. On the other hand, I guess I will be surprised if the U.S. removed all of the tariffs because clearly, the USTR team would like to keep at least some of them in place,” David Dollar, Brookings Institution’s senior fellow, told VOA Mandarin.

“The smart thing would be to remove the tariffs on all of the parts and components, and perhaps on some consumer goods. It seems likely to get that compromise,” he added.

The U.S. market accounts for roughly 18% of Chinese exports. That number reaches 40% when including the European Union and Japan.

And while the administration has mostly utilized unilateral measures and bilateral negotiations to address trade disputes, former U.S. trade officials say now is the time for Washington to work with like-minded allies on trade challenges.

​Numerous countries share concerns about China’s state-led economic model, according to former Acting Deputy U.S. Trade Representative Wendy Cutler.

In the EU-China Strategic Outlook published on March 12, the European Commission called China a “systemic rival,” and identified “China’s proactive and state-driven industrial and economic policies” as areas of concern.

Cutler, now the Asia Society Policy Institute’s vice president, said in a recent publication that a joint effort in a coordinated campaign would provide the United States and other countries stronger negotiating leverage.

 

 

 

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Янукович хоче повернутися до України – адвокат

Колишній президент України Віктор Янукович хоче повернутися до України, повідомив російському виданню «Известия» його адвокат Віталій Сердюк.

«Дійсно, наміри повернутися у Віктора Януковича є. І ми над цим працюємо з перших днів боротьби за його права. Обрання [президентом України Володимира] Зеленського жодним чином не впливає на саме бажання Віктора Януковича. Так само як це не впливає на нашу процесуальну роботу: як боролися, так і будемо боротися», – сказав Сердюк.

21 квітня відбувся другий тур виборів президента України. За даними Центральної виборчої комісії, шоумен Володимир Зеленський набрав 73,22% голосів і переміг на виборах президента України. Петро Порошенко отримав 24,45%.

22 квітня Віктор Янукович привітав Володимира Зеленського з перемогою на виборах президента України. У відповідь штаб Зеленського заявив, що не потребує вітань від Януковича.

Янукович залишив Україну взимку 2014 року після масових розстрілів у центрі Києва під час подій Євромайдану.

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Янукович хоче повернутися до України – адвокат

Колишній президент України Віктор Янукович хоче повернутися до України, повідомив російському виданню «Известия» його адвокат Віталій Сердюк.

«Дійсно, наміри повернутися у Віктора Януковича є. І ми над цим працюємо з перших днів боротьби за його права. Обрання [президентом України Володимира] Зеленського жодним чином не впливає на саме бажання Віктора Януковича. Так само як це не впливає на нашу процесуальну роботу: як боролися, так і будемо боротися», – сказав Сердюк.

21 квітня відбувся другий тур виборів президента України. За даними Центральної виборчої комісії, шоумен Володимир Зеленський набрав 73,22% голосів і переміг на виборах президента України. Петро Порошенко отримав 24,45%.

22 квітня Віктор Янукович привітав Володимира Зеленського з перемогою на виборах президента України. У відповідь штаб Зеленського заявив, що не потребує вітань від Януковича.

Янукович залишив Україну взимку 2014 року після масових розстрілів у центрі Києва під час подій Євромайдану.

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«Динамо» – «Шахтар»: де і коли дивитися

Київське «Динамо» зіграє з донецьким «Шахтарем» у матчі 25 туру чемпіонату України з футболу.

Гра відбудеться на НСК «Олімпійський» у Києві й розпочнеться о 18:30. У прямому ефірі матч покаже телеканал «2+2».

Букмекери оцінюють шанси команд як рівні. Найбільш імовірною вважається перемога «Динамо» або «Шахтаря» з рахунком 1:0.

За вісім турів до кінця чемпіонату «Шахтар» лідирує в змаганнях з 63 очками, «Динамо» – 56.

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«Динамо» – «Шахтар»: де і коли дивитися

Київське «Динамо» зіграє з донецьким «Шахтарем» у матчі 25 туру чемпіонату України з футболу.

Гра відбудеться на НСК «Олімпійський» у Києві й розпочнеться о 18:30. У прямому ефірі матч покаже телеканал «2+2».

Букмекери оцінюють шанси команд як рівні. Найбільш імовірною вважається перемога «Динамо» або «Шахтаря» з рахунком 1:0.

За вісім турів до кінця чемпіонату «Шахтар» лідирує в змаганнях з 63 очками, «Динамо» – 56.

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