Vietnam Strengthens Trade Remedy Measures to Protect Domestic Industries

Recently, Vietnams Ministry of Industry and Trade announced the initiation of an anti - dumping investigation into prestressed steel strands from China, Malaysia and Thailand. This decision reflects Vietnams increasing attention to import control and domestic industry protection. Although Vietnam has widely opened its market in the past few years, signed multiple free trade agreements and removed many tariff barriers, its import control measures are not clear, which may lead to potential damage to domestic industries caused by a large number of imports. It is reported that the Ministry of Industry and Trade of Vietnam has recognized this problem and plans to strengthen trade remedy investigations and handle related cases in the second half of this year.

In 2017, the Ministry of Industry and Trade of Vietnam established the Trade Remedy Bureau, mainly aiming to protect domestic industries from external competitive pressure. Although the Trade Remedy Bureau has launched some anti - dumping investigations, the number of these cases is still small compared with the number of cases filed against Vietnamese products by other countries. However, recently, with the occurrence of the incident that Vietnam imports a large amount of steel products from China and then re - labels them as Vietnamese brands and exports them to third countries, the Trade Remedy Bureau has started to focus on products that have a greater impact on domestic industries, such as steel, wood and batteries, etc.solarThe Deputy Minister of the Ministry of Industry and Trade of Vietnam emphasized the importance of assessing the impact and damage of trade remedy cases. He required the Trade Remedy Bureau to closely cooperate with other departments, such as the Ministry of Finance and the Ministry of Agriculture and Rural Development, to ensure the fair and transparent handling of cases. In order to further strengthen trade remedy measures, the Trade Remedy Bureau of Vietnam has also started to study technical trade barriers to supplement the weak links in its system. At the same time, in order to help domestic enterprises better use trade remedy measures to protect their rights and interests, the Trade Remedy Bureau has also started to provide relevant training for Vietnamese enterprises.

越南工贸部副部长强调了对贸易救济案件影响和损害评估的重视，他要求贸易救济局与其他部门，如财政部和农业农村发展部等进行紧密合作，确保案件的公正和透明处理。为了进一步加强贸易救济措施，越南贸易救济局还开始着手研究技术性贸易壁垒，以补充其制度中的薄弱环节。同时，为了帮助国内企业更好地利用贸易救济措施保护自己的权益，贸易救济局也开始为越南企业提供相关培训。

Facing the global economic environment, Vietnam is striving to strengthen its trade remedy measures to protect domestic industries from external pressure. With the continuous opening of the Vietnamese market, these measures are crucial for ensuring the healthy and sustainable development of its domestic industries. At the same time, for countries and enterprises trading with Vietnam, understanding and adapting to these changes will be the key to future success.