The Ministry of Industry and Trade (MoIT) will continue to coordinate with relevant ministries and sectors in supporting businesses to minimize the impacts of trade remedies that may have a detrimental effect on Vietnam’s export activities.
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.
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.
After Vietnam joined the ASEAN Trade in Goods Agreement (ATIGA), officially abolishing the import tariff rate quota and reducing import tax to 5 percent for countries in the ASEAN for a year, the domestic sugar industry has a significant backward step.
Based on the investigation results from September 2019 to now, the Ministry of Industry and Trade has just issued Decision No.3390 on the application of anti-dumping measures for some cold-rolled steel products in rolls or sheets originating from China and being dumped into Vietnam.
Nearly 93,500 enterprises have had to leave the market since the beginning of this year, an increase of 15.6 percent over the same period last year. The Covid-19 pandemic has developed complicatedly and has been negatively affecting the production of domestic enterprises.
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.
Vietnam's steel products are facing the risk that the export market will be narrowed due to several trade-remedy investigations and the imposition of anti-dumping duties. Facing that fact, many steel producers are making efforts to improve product quality to change the direction and promote exports to the European market.
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.
To ensure a fair competitive environment in the field of trade, the Ministry of Industry and Trade (MoIT) has implemented measures to improve the safeguard capacity for domestic manufacturing industries amid the context that Vietnam participates in new-generation free trade agreements (FTA).
The Trade Remedies Authority of Vietnam recently received information that the US Department of Commerce was requested to launch an anti-dumping and countervailing investigation on certain hardwood plywood products imports from Vietnam by the Coalition for Fair Trade of Hardwood Plywood.
After applying temporary trade remedies for three months, the Ministry of Industry and Trade has recently decided to apply official anti-dumping duties on color-coated steel roofing sheet products from China and South Korea.
Although having been warned beforehand, domestic iron sheet and steel industry is still unable to anticipate increasing trade protectionism pressure, leading to extremely fierce competition in global market.