Vietnam is currently facing 208 trade remedy lawsuits, and this figure is expected to increase sharply in the coming time, causing the market share of Vietnamese goods to be at risk of shrinking in many export markets.
Although Vietnam has had a decision to impose an anti-dumping tax on imported Thai sugar, there are signs that cane sugar from this country enter the Vietnamese market through a third country. The Ministry of Industry and Trade (MoIT) has received the petition of the Vietnam Sugarcane and Sugar Association (VSSA) for further investigation and prevention.
The office of the Ministry of Industry and Trade (MoIT), on the morning of June 16, informed that the ministry had decided to apply anti-dumping and anti-subsidy measures to some cane sugar products originating from Thailand.
In the first four months of this year, export turnover to the US market had continuously seen sharp increases, maintaining the growth of over 20 percent over the same period. This is not beyond the expectation of enterprises. Besides the advantages that Vietnamese enterprises have got in their hands, the commercial counselor of the Vietnam Trade Office in the US also warned that this market is containing many great risks.
On the morning of April 7, the office of the Ministry of Industry and Trade (MoIT) informed that this agency had decided to apply temporary anti-dumping measures on some H-shaped steel products originating from Malaysia.
The Vietnam Sugarcane and Sugar Association (VSSA) informed that there is enough evidence of dumping of imported sugar in the Vietnamese market, causing dozens of sugar refineries to close or halt operation. In the coming time, there will be more sugar refineries to suffer the same situation.
Amid the context that Vietnam has joined a larger and harsher “playground”, such as the EU-Vietnam Free Trade Agreement (EVFTA), the more Vietnamese enterprises need to be protected and must take measures to protect themselves.
Due to suspicion that liquid sugar products extracted from corn starch originating from China and South Korea showed signs of dumping in the Vietnamese market, the Ministry of Industry and Trade (MoIT) decided to investigate to impose anti-dumping duties to protect domestic enterprises.
Along with several free trade agreements that have been signed, countries in the world have also increased the technical barriers and safeguard measures to protect domestic production. This has caused many Vietnamese enterprises to face the risk of losing the export market if they do not prepare carefully before joining the market.
