Ministry acts to protect local produce
Domestic enterprises should join forces to apply trade defence
measures, according to Dinh Thi My Loan, chairwoman of the Advisory
Council on International Trade Remedies under the Vietnam Chamber of
Commerce and Industry.
Domestic enterprises should join forces to apply trade defence
measures, according to Dinh Thi My Loan, chairwoman of the Advisory
Council on International Trade Remedies under the Vietnam Chamber of
Commerce and Industry.
The Ministry of Industry and Trade imposed a 5 percent anti-dumping tax on imported vegetable oil, including refined soya and palm oil on September 7 in a pioneering move to protect local producers from unhealthy competition from imported products.
According to the director of the Ministry's Competition Authority, Bach Van Mung, the ministry's decision on imported vegetable oil followed an investigation which found that imports were damaging domestic producers in market share, output, profits and labour.
A representative from BigC Supermarket said that the impact of the import tax on vegetable oil would not be huge because domestic production could meet most local demand.
Experts said that Vietnamese enterprises needed to prepare carefully for potential trade lawsuits that could have negative impacts on Vietnamese enterprises.
The Vietnam Competition Authority is also examining a proposal from domestic steel producers to apply anti-dumping tax on stainless steel products imported from China, Taiwan, Malaysia and Indonesia.-VNA
The Ministry of Industry and Trade imposed a 5 percent anti-dumping tax on imported vegetable oil, including refined soya and palm oil on September 7 in a pioneering move to protect local producers from unhealthy competition from imported products.
According to the director of the Ministry's Competition Authority, Bach Van Mung, the ministry's decision on imported vegetable oil followed an investigation which found that imports were damaging domestic producers in market share, output, profits and labour.
A representative from BigC Supermarket said that the impact of the import tax on vegetable oil would not be huge because domestic production could meet most local demand.
Experts said that Vietnamese enterprises needed to prepare carefully for potential trade lawsuits that could have negative impacts on Vietnamese enterprises.
The Vietnam Competition Authority is also examining a proposal from domestic steel producers to apply anti-dumping tax on stainless steel products imported from China, Taiwan, Malaysia and Indonesia.-VNA
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