Lawyer Pham Duy Khuong responded to Vietnam Television VTV’s weekend financial magazine about whether the Ministry of Industry and Trade should issue specific regulations on Made In Vietnam products.
The Ministry of Industry and Trade responded quickly to the ASANZO event in particular and Made In Vietnam issues in general since Vietnam has no regulations on how to label Made In Vietnam. Specifically, the Ministry wants to provide detailed regulations on when it is labelled as Made In Vietnam for domestic circulation goods (import and export goods are clearly stated in Made In Vietnam). However, the ministry also worried about whether such a regulation could affect Vietnamese businesses.
VTV’s weekend financial magazine discusses the rules for recording origin of Made In Vietnam
According to the perspective of Lawyer Pham Duy Khuong, the director of ASL LAW, Vietnam law firm, it is not necessary to specify details of how all items must meet the standards for labelling Made In Vietnam. Instead, it is necessary to focus on which products are important and typical of Vietnam to have a prior regulation. Like Australia which is famous for food, they give specific regulations to help users and producers follow. For example, Made In Australia (must be at least 80% of the ingredients are from Australia); Product of Australia (100% of the ingredients must come from Australia); Packaged in Australia (at least 20% of the ingredients are from Australia), Grown in Australia (that product must be raised in Australia).
Cases like Italy also have the same standards to be made in Italy for fashion products. Swiss for watch products.
Lawyer Pham Duy Khuong said that it does not need to focus on the term Made In Vietnam, instead the authorities should go into the definition, specifying what terms are: Made In Vietnam, Product of Vietnam, Assembled In Vietnam,Designed in Vietnam. According to modern trends, an enterprise does not necessarily have to own product hardware, instead they own software of products such as software, inventions, industrial designs. Enterprises need to value the value of the software that constitutes the value of the finished product.