Việt Nam has initiated 29 trade defence investigations to protect its domestic market and businesses'' interests, thus increasing state budget revenue by approximately VNĐ1.5 trillion (US$60.4 million) a year.
The Trade Remedies Authority of Vietnam (TRAV) have warned that Vietnamese products are at risking of falling foul of anti-dumping and trade defence investigations.
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.
Some Vietnamese exports have been investigated for origin fraud and tax evasion, which requires tougher action from the Government to settle the problem and keep its exports growing.
Viet Nam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods.
Viet Nam’s authorities plan to conduct further investigations into the merger of Grab and Uber last year over possible antitrust regulations violations, said the Ministry of Industry and Trade on Wednesday.
In recent months, Viet Nam’s steel industry has had to compete with a rising amount of imported steel in the domestic market and faces a number of anti-dumping investigations in export destinations, reported the Ministry of Industry and Trade.
Vietnamese exports have been the subject of 107 trade protection investigation cases in the United States, a Vietnam Chamber of Commerce and Industry (VCCI) official said.
The US Department of Commerce (DOC) last week announced the initiation of anti-dumping and countervailing duty investigations into the import of laminated woven sacks (LWSs) from Viet Nam.
The US Department of Commerce has announced its affirmative preliminary determinations in the antidumping duty investigations of the import of tool chests and cabinets from Viet Nam and China.