Local companies do not have to worry about a preliminary anti-subsidy tariff imposed by the US Department of Commerce on car and truck tyres from Vietnam, executives told local media.
The Ministry of Industry and Trade (MoIT) held a workshop on November 4 to discuss tools to protect businesses against trade defence lawsuits in export markets in the context of integration.
A workshop was held in Hanoi on October 27 to discuss trade remedies - a tool to protect the interests of domestic production industries amid Vietnam’s ongoing integration into the world economy.
The Canada Border Services Agency (CBSA) on October 16 made a final decision on the anti-dumping and countervailing investigation of certain corrosion-resistant steel (COR) sheets imported from several countries, including Vietnam, according to the Ministry of Industry and Trade’s Trade Remedies Authority.
Vietnam has enjoyed a surge in timber and wood product exports to the US this year, but businesses need to choose the right items to focus on in order to tap into this major market, insiders said.
While local export products have been facing more anti-dumping investigations and tax evasion cases in foreign countries, Vietnamese enterprises are still unaware of the risk.
With an array of free trade agreements (FTAs) inked and coming into force, countries around the world have also increased technical barriers to protect their domestic industries, exposing many Vietnamese businesses to the risk of losing markets if they lack thorough preparations.
Joining free trade agreements (FTAs), Vietnam has many opportunities to attract foreign direct investment (FDI) flows, but it also needs to take solutions to prevent frauds and abuse of State policies to illegally enjoy export incentives.
The EU - Vietnam Free Trade Agreement (EVFTA) is expected to bring both opportunities and challenges for businesses, especially small-and-medium-sized enterprises (SMEs). This is why SMEs should fully understand the provisions of the EVFTA.
The EU-Vietnam Free Trade Agreement (EVFTA) is awaiting approval of the Vietnamese National Assembly, which marks Vietnam’s great strides in international economic integration.
The Ministry of Industry and Trade (MoIT) is planning to increase the number of training courses on trade remedies for the domestic production industry.
International free trade agreements such as the CPTPP and the EU-Vietnam Free Trade Agreement have opened up unprecedented opportunities for Vietnamese steelmakers with the industry forecast to see robust growth.
Vietnamese businesses should prepare to deal with potential trade barriers that could arise early next year when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect, experts have said.
The Embassy of Vietnam in India and the PHD Chamber of Commerce and Industry (PHDCCI) of India recently held a workshop which focused on measures to bolster Vietnam – India trade.
Trade defence measures both support the protection of domestic production and employment and reduce the dependence on imported goods, said an official from the Ministry of Industry and Trade.
As Vietnam joins more international trade agreements, dealing with and overcoming trade defence measures has become a top priority for Vietnamese businesses.
According to the head of the Europe-America Department under the Ministry of Industry and Trade, major firms will have to face various provisions by the host countries when they broaden investment.
The Indian Ministry of Commerce and Industry’s Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-subsidy tariff on welded stainless steel pipes and tubes imported from Vietnam and China for five years, according to the Trade Remedies Authority of Vietnam.
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