An investigation by the Ministry of Industry and Trade shows that PT. Kebun Tebu Mas has circumvented Vietnam’s trade defence measures for certain sugar products.

Binh Duong province, a key industrial hub in southern Vietnam, shipped 22.5 billion USD worth of products abroad in January-August, a year-on-year increase of 11.3%.

While the influx of imported goods has presented challenges, with signs of dumping and subsidisation impacting domestic industries, Vietnam has effectively countered these threats.

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

Thanks to free trade agreements with tariff barriers gradually being removed, the exports of Vietnamese products have been on the rise. However, they are likely to face trade defence lawsuits.

Despite higher requirements for implementing international commitments, Vietnam has obtained highly encouraging results in trade defence, a senior official of the Ministry of Industry and Trade has said.

Turkey is currently the second largest buyer of Vietnamese goods in Western Asia, but enterprises still need to overcome many barriers and improve themselves increase shipments to this market, experts have said.

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 Ministry of Industry and Trade has just issued an action programme to implement an early warning system on trade defence.

Minister of Industry and Trade Tran Tuan Anh has suggested agencies in Vietnam and Canada to devise a mechanism to exchange information and handle trade defence cases.

Vietnam plans to develop an early warning system for trade defence by 2025, aiming to promote sustainable exports.

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.

The Ministry of Industry and Trade has issued Decision No. 1682A/QD-BCT on launching safeguard investigations against imported DAP fetiliser products.

Vietnamese firms should learn more about trade defence instruments allowed under the WTO and jointly use them to protect themselves, a seminar heard in HCM City on June 29.

Many products in Vietnam are facing the risk of their market shares and revenues narrowing down due to anti-dumping investigations and lawsuits.