Vietnam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).
Demand for cement and clinker is expected to increase marginally to 98-99 million tonnes, according to the Ministry of Construction.
Vietnam’s forestry and aquatic product exports are expected to rake in 20.5 billion USD for the agricultural sector in 2019.
The Ministry of Industry and Trade has forecast that Vietnam’s total export revenue will grow 10-12 percent to hit a record of 239 billion USD for the whole year 2018, much higher than the set target of 214 billion USD.
Vietnam’s Ministry of Industry and Trade (MoIT) has decided to maintain safeguard measures for steel billets and steel bars imported from a number of countries and territories including China, the US, Canada, Germany, France, Japan and the Republic of Korea.
The Philippines notified Vietnam that it has initiated a preliminary safeguard investigation on the importation of cement from various countries, including Vietnam, according to the Ministry of Industry and Trade.
The Vietnamese shrimp exporters have been in a tough year in 2018 as world supply saw strong increases that brought down both shrimp price and demand in major markets.
Vietnamese steel has faced nearly 10 trade remedy cases in just over a month, which has once again put the industry under great pressure from trade barriers in other countries.
Vietnam’s rice export has posted remarkable figures in the first half of 2018, and the sector expects business to get better as the country’s traditional rice market are increasing import.
Improving competitive capacity to expand export markets and understanding of international trade regulations are significant for Vietnamese steel firms to respond to trade defence lawsuits in the context of growing protectionism, said Chairman of Vietnam Steel Association (VSA) Ho Nghia Dung.
Despite the imposition of anti-dumping duties on colour-coated steel products by Indonesian authorities, Vietnamese steel producers should not worry about the possibility of losing competitiveness, according to the Vietnam Steel Association (VSA).
Officials of Vietnam and the Eurasian Economic Union (EAEU) lauded the upbeat outcomes brought about by the EAEU – Vietnam free trade agreement (EAEU – Vietnam FTA) in more than one year and a half since it took effect.
Vietnam is working to accelerate agricultural exports as growing global protectionism has impacted international trade and export of Vietnamese staples.
The European Commission (EC) has decided to initiate a safeguard investigation concerning imports of 26 steel products, including those from Vietnam, to its member countries.
Official safeguard measures will be applied on DAP and MAP fertilizer products imported into Vietnam as investigations showed that domestic production has been seriously harmed by imported fertilizers
Promoting shipments of key products such as leather shoes and frozen fruits and vegetable will be part of the Mekong Delta province of Vinh Long’s efforts to realise its export revenue target of 420 million USD in 2018.
Following the implementation of a provisional tax on imported fertilisers, more things need to be done to help balance benefits of both local producers’ and farmers’ benefits, industry insiders have agreed.
Experts and businesses discussed ways to maintain and expand EU markets for Vietnam’s fruit and vegetable exports at a seminar in Ho Chi Minh City on October 9.
