Despite hopeful signs of a rally inglobal economy, domestic enterprises were warned to remain cautious, asa new wave of anti-dumping lawsuits from the US and the EU is hittingVietnam.
Tran Huu Huynh, Deputy Secretary Generaland Head of the Legal Department of the Vietnam Chamber of Commerce andIndustry (VCCI), sounded the alarm at a workshop in Hanoi on March 10.
In these two major markets, new threats, such as those against woodenfurniture, have driven down Vietnam’s exports, even as existinglawsuits against its seafood, plastic bags, footwear, bicycles andcompact lamps have not yet been settled, Huynh said.
Nguyen Thi Thu Trang from the Trade Remedies Council (TRC) under theVCCI said there have been 42 lawsuits against Vietnamese products todate, posing a serious threat to Vietnamese exports.
Adding insult to injury, a number of countries consider such suits aneffective tool to protect their domestic industries from low-priced,made-in-Vietnam products, she added.
Dr. Peter John Koenig, senior lawyer from the US Squire Sanders lawfirm, warned that the number of anti-dumping lawsuits againstVietnamese products in the US was likely to increase as the SoutheastAsian country is no longer immune to these protectionist tactics.
He advised Vietnamese exporters to be cautious, pointing out that mostVietnamese enterprises brought beforecourts on anti-dumping lawsuits in2009 stood behind bar for the first time in the US.
Consequently, not a few numbers of enterprises did not know what to doand faced problems in the proceedings, said the attorney from one ofthe strongest and geographically diverse law firms in the world.
Many enterprises have dodged the suits or refused to cooperate withtheir professional associations, thus suffering unfavourable results,he explained.
A lack of information and an absence of a legal partner network insmall local markets is another problem for enterprises being sued tofind good attorneys for their cases.
The TRC has called for assistance from the Vietnamese Bureaus of Commerce in the local markets just in case./.
Tran Huu Huynh, Deputy Secretary Generaland Head of the Legal Department of the Vietnam Chamber of Commerce andIndustry (VCCI), sounded the alarm at a workshop in Hanoi on March 10.
In these two major markets, new threats, such as those against woodenfurniture, have driven down Vietnam’s exports, even as existinglawsuits against its seafood, plastic bags, footwear, bicycles andcompact lamps have not yet been settled, Huynh said.
Nguyen Thi Thu Trang from the Trade Remedies Council (TRC) under theVCCI said there have been 42 lawsuits against Vietnamese products todate, posing a serious threat to Vietnamese exports.
Adding insult to injury, a number of countries consider such suits aneffective tool to protect their domestic industries from low-priced,made-in-Vietnam products, she added.
Dr. Peter John Koenig, senior lawyer from the US Squire Sanders lawfirm, warned that the number of anti-dumping lawsuits againstVietnamese products in the US was likely to increase as the SoutheastAsian country is no longer immune to these protectionist tactics.
He advised Vietnamese exporters to be cautious, pointing out that mostVietnamese enterprises brought beforecourts on anti-dumping lawsuits in2009 stood behind bar for the first time in the US.
Consequently, not a few numbers of enterprises did not know what to doand faced problems in the proceedings, said the attorney from one ofthe strongest and geographically diverse law firms in the world.
Many enterprises have dodged the suits or refused to cooperate withtheir professional associations, thus suffering unfavourable results,he explained.
A lack of information and an absence of a legal partner network insmall local markets is another problem for enterprises being sued tofind good attorneys for their cases.
The TRC has called for assistance from the Vietnamese Bureaus of Commerce in the local markets just in case./.
