HS Footwear Co., Renowned Footwear Manufacturer Shares What You Need to Know About the Import-Export Process When Working with Footwear Manufacturers in Vietnam

Footwear companies are increasingly ordering their products from Vietnam. If you are in the industry, you might be wondering, why is this happening? How does Vietnam handle export items? What are the basics of the importation of goods into the United States?

Over the last decade, China has lost increasingly more business to Vietnam’s footwear manufacturers. Companies such as Fast Retailing Co., Ltd. have moved operations from China to other countries, as their wage costs are cut in half when manufacturing in Vietnam.

Indeed, in 2014, Nike, Adidas, and Puma increased their business with Vietnam by 25% compared to 2013. Furthermore, in 2017, factories in Vietnam produced 44 percent of Adidas footwear. Worldfootwear.com also noted that Vietnam’s footwear exports are up by 11% for the year. So, how does this translate to dollars? In the first nine months of 2018, Vietnam exported nearly 11.8 billion US dollars’ worth of footwear.

“According to the latest edition of the World Footwear Yearbook, in 2017 Vietnam produced 1.1 billion pairs of shoes (a share of 4.7% in worldwide production), taking the third position as the largest producing country. In 2017 Vietnam was the second largest exporter of footwear with a 7.1% share (1.0 billion pairs) behind China (9.7 billion pairs; 67.5%).”

Footwear companies are also choosing Vietnam manufacturers because of their import-export processes. Vietnam wants a vibrant economy, and they have few, if any, barriers to products for export.

The most common and inexpensive way to start exporting products from Vietnamese footwear manufacturers is by first establishing a trading company. In order to be permitted to export, (or import,) a foreign investor must also register with the Department of Planning and Investment (DPI). Additionally, the investor must obtain an Investment Certificate. The good news is that most goods and services being exported from Vietnam are exempt from tax.

Prior to importing a product, you may contact the U.S. Customs and Border Protection (CBP) office at the port of entry where your merchandise will enter the United States. A complete directory of the various ports of entry can be found on the CBP website. There are many rules regarding the subject of imports to the U.S.A., but footwear is not hazardous in any real way, so the barriers are low.

According to U.S. Customs and Border Protection, “CBP does not require an importer to have a license or permit, but other agencies may require a permit, license, or other certification, depending on the commodity that is being imported.”

In conclusion, Vietnam footwear manufacturers are in demand, and the demand is growing. Although importation into the U.S.A. has its regulatory hurdles, importing products from Vietnamese footwear manufacturers shows no significant barriers.

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How to Save Money on Accounting Fees

Accounting fee is an unavoidable cost in any business. Most businesses pay accountants by hours worked or the workload done. The charges of accounting can be hefty and an unexpected expense on a business. It is essential to find a way to reduce these fees that add to your massive costs leading to lower returns in business.

Oculus group is an accounting company that ensures you get accounting services at a reduced fee. You can click here for a list of services.

How do you reduce accounting fees?

1) Make use of leverage technology

Xero is a software that automates tasks previously done by accountants. It can perform functions such as bank reconciliation. Using this software will ensure you save money on accounting fees. The software is fast and reliable, and its maintenance fees are low compared to hiring an accountant who will take days to complete the task manually.

Technology-based technology is essential in cutting costs on any business task. Applying xero makes the work efficient and accurate. You will reduce the need to hire accountants who in most cases overcharge their services.

2) Pay accountants on the fixed fee agreement

You need to make a smart contract with the accountants. If you opt to pay the accountants on hourly bases or workload, they will overcharge you. If for instance, your deal is by the hourly payment the accountant will ensure they spend more hours on a small task to accrue more pay. Regardless of the workload ensure you make a fixed fee agreement.

The fixed fee agreement will not give you unexpected costs and will ensure the accountant does their work fast and efficiently. This approach will save you money on accounting fees.

3) Shift to do bookkeeping on spreadsheets

Maintaining straight forward records will ensure the accounting task is simple. The more your records are precise, the less you will incur accounting fees. Records on spreadsheets will provide your documents are well maintained and not difficult to trace.

4) Simplify your transactions recording

Ensure all your transactions are well maintained and clear. If your accountant spends more time traces a document, the more you will incur accounting fees. Attach all invoices systematically for easier reference.

5) Assign only accounting tasks to an accountant

Ensure your accountant only handles duties that are accounting based. A clerk can do some essential functions such as bookkeeping. Don’t allocate additional tasks to an accountant. If you want to save money on accounting fees, the first strategy is ensuring you minimize their responsibilities. Ensure they perform functions that require their expertise and knowledge.

Bottom Line

To make higher rates a business need to cut unnecessary costs in their operation. Accounting fees is a significant expense in all companies as transactions are vital in every dealing. Finding a way to reduce accounting fees is essential.

The best way to reduce accounting fees is to maintain concise and transparent records. Additionally only allocate accounting based tasks to an accountant. Applying leverage technology will also help you to save accounting fees.…

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Take a look at Industrial Engineer profiles, job listings & salaries. This course will involve a excessive degree overview of the various manufacturing processes that industrial engineering technologists will expertise. From , the world’s most-visited engineering job site, discover all Industrial Engineering Jobs accessible on the web without having to register.

High quality engineering : a approach of preventing errors or defects in manufactured products and avoiding issues when delivering options or providers to prospects. Industrial Engineering is about to see “the large picture” when one is dealing with advanced processes and techniques.

The Faculty of Engineering, Mathematics, and Science unites school members from diverse disciplines and provides opportunies for collaboration in instructing and research between college and students. Take a look at these 5 causes, from an industrial engineering graduate.

Hardware is supported by a set of software program packages for design, analysis, manufacturing, simulation, offline programming, controls, monitoring, integration, software program improvement, enterprise resource management and different engineering activities.

Since then, the continual invention and development of new machinery and power sources have supplied new challenges for industrial engineers to search out new purposes for these technologies and optimize their use to extend productivity. Examples of the place industrial engineering is likely to be used embrace shortening strains (or queues ) at a theme park, streamlining an operating room, distributing merchandise worldwide, and manufacturing cheaper and more dependable automobiles.…

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How To Be Merry Yet “Responsible” During The Holiday Season

When you think of Christmas, you think of awesome year-end parties, mouthwatering Christmas dinners, and alcohol – lots and lots of alcohol. People from far and wide come together just to celebrate this season of love, joy, and forgiveness; they especially free time from their busy schedules just to pay tribute to friendship and family ties. People, family members especially, who live far from their kin due to work or other priorities get a solid excuse to return home and feel the warmth of their families again.

Christmas is the season that brings people together, indeed.

Aside from the Christmas highlights mentioned above, what else do you think of when you hear that the holidays are just right around the corner? Presents, of course! There’s also the argument about whether Santa is real or not. We have Christmas trees, merry lights, mistletoes, milk and cookies, wreaths and garlands, and so much more. Plus, let’s not forget the hot cocoa our moms used to let us drink before tucking us into bed; telling us Santa will never come if we leave any on our cups.

Ooh, the great parent trap.

Before you know it, you’re fast asleep dreaming about Santa’s sleigh passing by your window. Then, comes morning. As you roll your eyes with your clenched hands, you try to understand what you’re feeling. It’s that peculiar feeling you have in the morning of the 25th – the feeling that you can already smell Christmas. Feeling slightly annoyed by the fact that you weren’t able to stay up until Santa arrived but still excited to find out what sort of presents lay on the other side of the room, you rush to where the Christmas tree is.

Wowzers! You are met by the lovely view of towering presents.

Should you open them? By all means, yes. Should you scatter your trash around? Goodness gracious, please no. Christmas waste is already notorious as it is.

You must’ve imagined this story to end well. Well, sorry to break it to you but that’s not going to happen – just like how Christmas never ends well year after year. Well, at least for the environment. Every year we open up presents like it’s nothing, cut down Christmas trees thinking it’s okay because of tradition. But you know what? Mother Nature is taking the blow for all these customs. We throw garbage like we don’t care, allow food to spoil as if hunger is non-existent, and kill plant life as if they’re already dead. And according to websites like Serenata, things are not looking good.

There are many ways we can celebrate Christmas. And there are even more ways to make it fun for the whole family without sacrificing the environment in exchange. Every year, we accumulate an alarming amount of waste during the holiday season and it’s about time we stop. Let’s rethink our ways and push for a greener Christmas.

Let’s all be merry yet responsible.…

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Working At DISNEY

Jan 12, 2018. There are a number of issues industrial engineers do in their work to make processes more efficient, to make merchandise extra manufacturable and consistent in their high quality, and to extend productivity. Industrial engineers assist enhance the productiveness of all forms of firms by designing duties, systems, and merchandise that improve efficiencies by being safer, offer a higher return on investment, and make better use of resources.

With a view to keep these standards, industrial engineers must have a basic working data of many areas of engineering and likewise be familiar with work processes, gear, tools and supplies with a purpose to design services, systems and equipment that meet requirements for cost, high quality, safety and environmental safety.

Determine quality and reliability requirements of the product in production. Individuals have modified the time period “industrial” to broader terms corresponding to Industrial and Manufacturing Engineering, Industrial and Techniques Engineering, Industrial Engineering & Operations Research, Industrial Engineering & Management.

And now, in lean manufacturing programs, industrial engineers work to eliminate wastes of time, cash, supplies, power, and other sources. Industrial and systems engineering’s (ISE) approach is the opposite; anybody part cannot be understood with out the context of the entire.

Stay tuned as we look at the bigger picture and see why you should study it, what to expect from an Industrial Engineering degree, and what are your profession prospects. Each the research and the teaching programs give attention to such cutting-edge technologies as electro-hydrodynamics, energetic supplies, engineered particulates and micro-fluid dynamics applied sciences.…

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The Power of Social Media

The internet has dominated most of our lives today. We use it for various activities like communication, entertainment and even education. It had made our lives easier and arguably better than before. However, one of its biggest contributions is in business transactions. It has made dealing with international companies a breeze and helped in paving the way for globalization. Marketing campaigns now target a larger and broader audience. Companies are becoming much more aware of cultural nuances that other countries differ from their own. Even their products are aiming for global appeal, and social media is one of their greatest tools.

Social media can be considered as a phenomenon, a want that slowly transitioned into a need. Before, the likes Facebook and Twitter were just for communication. However as the years went by, they became social media giants and became the trendsetter for other similar websites. Their main goal of connecting other people through the net introduced other activities like online selling and social media advertising. You may be asking though, how do they even earn their money? How much do they even earn in a day? Sites like Loanable can showcase this information in real time using creative mediums known as “infographics”.

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The Possibilities of Mine Management Systems Optimisation

Whether implemented within existing management systems, or to form part of the life of mine plans, mining consulting firms are able to conduct operational production improvement services for the optimisation of management systems. Management and production systems can be optimised for various reasons, these reasons range from the simple upgrades of worn out components, to integrating new technologies in order to streamline processes.

It is Important to Consider the Following in Mine Planning

Various factors need to be taken into consideration during mine planning, or when designing turnaround strategies in order to implement systems which will perform throughout the life of a mine.

  • When developing systems during mine planning, it is important to establish infrastructures which fall in line with the life of mine plans.
  • A mine plan is in a continuous state of evolution, it is however important to have long-term solutions set in place.
  • Multi-disciplinary solutions are crucial to mine planning and turnaround strategies, such as energy, water, and technology.

Phases of Systems Optimisation

 

The phases of developing system optimisation strategies can be broken down into various characteristics:

  • Analysis should be completed in order to assess the performance of existing processes.
  • Comparison should be done for alternative systems which can be configured to existing configurations.
  • Specifications should be conceptualised in order for the design process to commence.
  • The mine planning documentation should fall in line with the suggested changes.

These mine planning and turnaround strategies for optimisation should be checked thereafter to ensure that they meet with compliance regulations. Research can also be compiled as to what benefits they will offer the clients in terms of energy saving, re-use, or improved performance.

A great independent specialist consultancy for mining optimisation and planning is Ukwazi. Through enterpriseslike Ukwazi, the full potential of management systems can be realised viathe use of expert mining consultancy services.…

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