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.
The Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam (TRAV) recently sent a letter opposing several contents in Indonesia's draft conclusions of an anti-dumping investigation on colour-coated steel sheet products imported from Vietnam and China.
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.
Sectors which have seen high growth in the past few years such as wooden furniture, garments and textiles, seafood and steel are being placed under special supervision by the Ministry of Industry and Trade (MoIT) to avoid having high tariffs and trade sanctions imposed by other nations.
The Ministry of Industry and Trade has issued a comprehensive programme in response to trade remedy measures in a bid to develop several Vietnamese industries.