Workshop on improving export business awareness in trade remedies
Enterprises should grasp and effectively apply trade remedy measures to
develop sustainably and overcome economic integration challenges, trade
experts said at a workshop themed “Vietnam in non-border global trade”
held on May 15.
Enterprises should grasp and effectively apply trade remedy measures to
develop sustainably and overcome economic integration challenges, trade
experts said at a workshop themed “Vietnam in non-border global trade”
held on May 15.
Trade remedy lawsuits—anti-dumping, anti-subsidy, and safeguard measures—usually take a long time, at least two years, to solve, and they usually result in serious damage to export businesses’ trademarks and finances, said Pham Chau Giang, an official from the Vietnam Competition Authority under the Ministry of Industry and Trade.
According to Director of the Ho Chi Minh City branch of the Vietnam Chamber of Commerce and Industry Vo Tan Thanh, free trade agreements (FTA) that Vietnam has negotiated and signed with many partners are expected to bring new opportunities along with increasing numbers of trade remedy cases to domestic enterprises.
As a result, Vietnamese export businesses need a comprehensive overview of the signed FTAs and issues related to trade between the country and its partners, said Wong Chian Voen, Consulting Director of Mayer Brown company from Singapore.
She added that businesses should actively prepare necessary strategies and policies to minimise the possibility of trade remedy cases.-VNA
Trade remedy lawsuits—anti-dumping, anti-subsidy, and safeguard measures—usually take a long time, at least two years, to solve, and they usually result in serious damage to export businesses’ trademarks and finances, said Pham Chau Giang, an official from the Vietnam Competition Authority under the Ministry of Industry and Trade.
According to Director of the Ho Chi Minh City branch of the Vietnam Chamber of Commerce and Industry Vo Tan Thanh, free trade agreements (FTA) that Vietnam has negotiated and signed with many partners are expected to bring new opportunities along with increasing numbers of trade remedy cases to domestic enterprises.
As a result, Vietnamese export businesses need a comprehensive overview of the signed FTAs and issues related to trade between the country and its partners, said Wong Chian Voen, Consulting Director of Mayer Brown company from Singapore.
She added that businesses should actively prepare necessary strategies and policies to minimise the possibility of trade remedy cases.-VNA
You should also see
📝 OP-ED: Party personnel work requires thorough checks
Officials, Party members, and people are concerned about how the Party will select the leadership capable of shouldering the immense revolutionary tasks entrusted by the history, General Secretary Nguyen Phu Trong said at the first meeting of the sub-committee on personnel affairs of the 14th National Party Congress on March 13.
See more
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
Business
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Business
Businesses concerned about rising exchange rate pressure
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
Business
Pepper prices continue increase trend
Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
