Name of recommendations: Recommendation on continuous export of mold casting sand

Status: Has not been responded

Recommended by units: The Vietnam Export Import - Investment and Services Joint Stock Company (Vicosimex)

Official letter: No 0477/PTM - VP, dated: 2018-03-19

Recommended contents:

The molded sand of the company has been confirmed by Ministries and industries as deep processing products. At present, Vicosimex Company has 3 factories specializing in producing sand molding products. The company has invested in technology - equipment in the deep processing so the investment value of the factory is up to tens of billion dong. The sudden export of sand has got a great impact on the company's production and business activities:

- The invested capital can not be recovered, this leading to the bankruptcy.

- Unemployed workers, affecting the lives of workers.

- The stopping export that  makes foreign customers will find other markets, so later the company is difficult to reconnect with old customers.

- And the biggest damage is that the company has to compensate the signed contracts.

Therefore, the department proposes that the Ministry of Industry and Trade is allowed to continue to export sand castings in the near future.