Deputy Minister of Industry and Trade Le Danh Vinh has warned Vietnamesebusinesses of losing ground in their home market, saying that measuresneed to be introduced to prevent unhealthy competition from importedgoods.
At a seminar on using trade protectionism toensure domestic production against imported goods in Hanoi on July28, Deputy Minister Vinh said that Vietnamese businesses face not onlyanti-dumping tariffs and anti-subsidy lawsuits but also dumped andsubsidised goods that are flooding into the domestic market.
According to lawyer Tran Huu Huynh, Head of the Vietnam Chamber ofCommerce and Industry’s (VCCI)’s Legal Department, Vietnameseassociations and businesses lack an understanding of measures that theWorld Trade Organisation (WTO) allows its members to use to protectdomestic production from a flood of foreign goods.
Up to 66 percent of the surveyed businesses and associations do notunderstand the WTO agreement and half of them do not understandVietnam ’s commitments to the world’s biggest trade body relating totheir own sector, said the VCCI.
The Deputy Head ofthe Competition Management Department, Vu Ba Phu, said that so farVietnam has filed only one lawsuit against imported floating glass.The volume and value of imported floating glass have sharply droppedfollowing a decision by the Ministry of Industry and Trade after itsinvestigation, he said.
Vietnam ’s tradedeficit has increased over recent years, said Phu, suggesting thatbusinesses ask the relevant agencies to conduct investigations wheneverthere are dumped or subsidised imported goods in the country./.
At a seminar on using trade protectionism toensure domestic production against imported goods in Hanoi on July28, Deputy Minister Vinh said that Vietnamese businesses face not onlyanti-dumping tariffs and anti-subsidy lawsuits but also dumped andsubsidised goods that are flooding into the domestic market.
According to lawyer Tran Huu Huynh, Head of the Vietnam Chamber ofCommerce and Industry’s (VCCI)’s Legal Department, Vietnameseassociations and businesses lack an understanding of measures that theWorld Trade Organisation (WTO) allows its members to use to protectdomestic production from a flood of foreign goods.
Up to 66 percent of the surveyed businesses and associations do notunderstand the WTO agreement and half of them do not understandVietnam ’s commitments to the world’s biggest trade body relating totheir own sector, said the VCCI.
The Deputy Head ofthe Competition Management Department, Vu Ba Phu, said that so farVietnam has filed only one lawsuit against imported floating glass.The volume and value of imported floating glass have sharply droppedfollowing a decision by the Ministry of Industry and Trade after itsinvestigation, he said.
Vietnam ’s tradedeficit has increased over recent years, said Phu, suggesting thatbusinesses ask the relevant agencies to conduct investigations wheneverthere are dumped or subsidised imported goods in the country./.
