Vietnamese enterprises need to make efforts to innovate, proactively improve competitiveness, and participate in new supply chains to boost exports to Asia, said trade official.

Vietnam has initiated 29 trade defence investigations to protect its domestic market and businesses' interests, thus increasing state budget revenue by approximately VND1.5 trillion (US$60.4 million) a year, according to the Ministry of Industry and Trade (MOIT).

The Ministry of Industry and Trade believes that it is necessary to continue to promote early warning on trade remedy for Vietnamese export goods.

Vietnam has always proactively applied and responded to trade defence measures (TMFs) in international trade to prevent negative impacts of massive imports, unfair competition and protect domestic manufacturing industries.

VOV.VN - The United States is viewed as both the market with the most trade defence investigations into Vietnamese exports and the country with the most trade defence investigations into members of the World Trade Organization (WTO) with many other markets.

Vietnam’s export products are facing 252 trade defence lawsuits from 24 markets as of June, according to the Ministry of Industry and Trade.

Experts gathered at a forum in Ho Chi Minh City on January 4 to seek ways for domestic firms to effectively exploit the US market as the two countries have upgraded their ties to a comprehensive strategic partnership.

A seminar on mitigating trade defence risks when increasing exports to CPTPP markets took place in Hanoi on November 27.

VOV.VN - The Ministry of Industry and Trade (MoIT) has revealed the list of products which are at risk of investigation for trade defence measures, origin fraud, and illegal transshipment.

The US’ increased trade defence measures on imports in general and Vietnamese goods in particular has made it increasingly hard to export to this market, according to Counsellor and head of the Vietnam Trade Office in the US Do Ngoc Hung.