Trade remedy investigations into Vietnamese exports on the rise

04-Jan-2019 Intellasia | The Saigon Times | 6:00 AM Print This Post

The competent agencies have repeatedly warned local enterprises of the impacts of investigations into the evasion of trade remedies, as Vietnamese exports are being subject to more of these investigations, especially in the aftermath of the US-China trade war.

According to statistics from the Trade Remedies Authority of Vietnam, under the Ministry of Industry and Trade, as of November last year, there were 19 probes into the evasion of trade remedies by Vietnamese products, mainly steel, household appliances and electronic products.

At a seminar held by the Handicraft and Wood Industry Association of HCM City (HAWA) on December 7 last year, a leader of the Ministry of Industry and Trade noted that the US Customs and Border Protection agency had launched an investigation into the polywood exports of some enterprises in Vietnam.

After the seminar, a HAWA representative told the Saigon Times that the enterprises subject to the investigation were China-invested ones.

During the U.S-China trade war, Chinese manufacturers sought all possible ways to channel their products to other markets, particularly Vietnam, to disguise their origin. Domestic exporters were warned to avoid harming the country’s reputation for short-term gains.

The Ministry of Industry and Trade has asked wood exporters to strictly comply with regulations on the origin of imports, keep a close watch on the market’s developments and coordinate with the State management agencies to meet the requirements of import markets.

Meanwhile, HAWA has recommended its members not to cooperate with Chinese polywood manufacturers that are subject to the United States’ investigation.

https://english.thesaigontimes.vn/65273/trade-remedy-investigations-into-vietnamese-exports-on-the-rise.html

 


Category: Economy, Vietnam

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