Vietnam’s sugar industry needs protection from trade defense tax

Vietnam’s sugar industry needs protection from trade defense tax

After Vietnam joined the ASEAN Trade in Goods Agreement (ATIGA), officially abolishing the import tariff rate quota and reducing import tax to 5 percent for countries in the ASEAN for a year, the domestic sugar industry has a significant backward step.
Vietnam applies anti-dumping measures on Chinese cold-rolled steel products

Vietnam applies anti-dumping measures on Chinese cold-rolled steel products

Based on the investigation results from September 2019 to now, the Ministry of Industry and Trade has just issued Decision No.3390 on the application of anti-dumping measures for some cold-rolled steel products in rolls or sheets originating from China and being dumped into Vietnam.
Egg packaging line at Ba Huan Joint Stock Company. (Photo: SGGP)

Government needs to be more drastic to save businesses

Nearly 93,500 enterprises have had to leave the market since the beginning of this year, an increase of 15.6 percent over the same period last year. The Covid-19 pandemic has developed complicatedly and has been negatively affecting the production of domestic enterprises.
Farmers grow sugarcane in Hau Giang Province. (Photo: SGGP)

Imported sugar hurts its domestic counterpart

The Vietnam Sugarcane and Sugar Association (VSSA) informed that there is enough evidence of dumping of imported sugar in the Vietnamese market, causing dozens of sugar refineries to close or halt operation. In the coming time, there will be more sugar refineries to suffer the same situation.
Enterprises should not be vague about trade remedies

Enterprises should not be vague about trade remedies

Amid the context that Vietnam has joined a larger and harsher “playground”, such as the EU-Vietnam Free Trade Agreement (EVFTA), the more Vietnamese enterprises need to be protected and must take measures to protect themselves.
Vietnam probes into high-fructose corn syrup imported from China, South Korea

Vietnam probes into high-fructose corn syrup imported from China, South Korea

Due to suspicion that liquid sugar products extracted from corn starch originating from China and South Korea showed signs of dumping in the Vietnamese market, the Ministry of Industry and Trade (MoIT) decided to investigate to impose anti-dumping duties to protect domestic enterprises.
Steel production at the Southern Steel Company Limited. (Photo: SGGP)

Vietnamese steel tries its strength in European market

Vietnam's steel products are facing the risk that the export market will be narrowed due to several trade-remedy investigations and the imposition of anti-dumping duties. Facing that fact, many steel producers are making efforts to improve product quality to change the direction and promote exports to the European market.
The steel industry accounts for 80 percent of trade remedy cases. (Photo: SGGP)

Safeguard measures narrow VN's steel export market

Along with several free trade agreements that have been signed, countries in the world have also increased the technical barriers and safeguard measures to protect domestic production. This has caused many Vietnamese enterprises to face the risk of losing the export market if they do not prepare carefully before joining the market.
Trade remedies amid new context

Trade remedies amid new context

To ensure a fair competitive environment in the field of trade, the Ministry of Industry and Trade (MoIT) has implemented measures to improve the safeguard capacity for domestic manufacturing industries amid the context that Vietnam participates in new-generation free trade agreements (FTA).