DOC ends anti-dumping investigation against VN polyester fibre

NDO - A Nhan Dan Online selection of notable events that made headlines over the past week. 1. Party General Secretary pays State visit to Cambodia Party General Secretary Nguyen Phu Trong and a delegation of high-ranking Vietnamese officials paid a State visit to Cambodia from July 20-22 at the invitation of Cambodian King Norodom Sihamoni. During his stay in Cambodia, Party General Secretary Nguyen Phu Trong held talks with Cambodian King Nodorom Sihamoni, meetings with Vice President of the ruling Cambodian People’s Party (CPP) and President of the Senate of Cambodia Samdech Say Chhum, Honorary President of the Cambodian People’s Party (CPP) and President of the National Assembly Heng Samrin, and Cambodia’s Prime Minister Samdech Hun Sen. He also attended an inauguration ceremony of the Vietnam-Cambodia Friendship Monument in Preah Sihanouk province. 2. Laos Vice President visits Vietnam General Secretary Nguyen Phu Trong (R) receives Lao Vice President Phankham Viphavanh, July 18, 2017 - Photo: VNA Vice President of Laos, Phankham Viphavanh, visited Vietnam to attend the 55th anniversary of Vietnam-Laos diplomatic ties and the ceremony marking 40 years since the signing of the Vietnam-Laos Treaty of Amity and Cooperation. The Vice President of Laos attended meetings with top Vietnamese leaders including Party Chief Nguyen Phu Trong, President Tran Dai Quang, National Assembly Chairwoman Nguyen Thi Kim Ngan, and PM Nguyen Xuan Phuc. 3. Vietnam, Thailand boost political-security cooperation A Vietnamese delegation, led by Deputy Minister of Public Security, Senior Lieutenant General Bui Van Nam, participated in the…... [read more]

Vietnam is due to officially join the World Trade Organisation (WTO) on November 7. However, what is next after that? In fact, all information collected from bilateral and multi-lateral negotiations so far is too common to be of much help to Vietnamese enterprises in building their own business strategies. If Vietnamese management agencies and enterprises only rely on basic WTO rules, they will have to make a drastic change in their operations and competitive activities, which requires not only their concerted efforts but also great support from international organisations. Currently, there are 20 donors with some 50 projects which provide different forms of trade support for Vietnam in its WTO accession process. The team leader of the Multilateral Trade Assistance Project, Dr Peter Naray, says the first challenge for Vietnam in its post WTO accession period is that the country will have to fully implement its commitments. Some areas which are considered to be difficult for Vietnam to implement are services, intellectual property, agriculture and fair trade. Therefore, Vietnam needs to make a drastic change in the management of trade activities, budget allocation andhuman resource development. It is rather difficult for not only Vietnam but also most countries to abide by WTO rules. The crux of the matter is that Vietnam needs to grasp good opportunities after it enters the world trade body and make the best of these opportunities to achieve greater market penetration, particularly for export products such as leather footwear, garments and textiles and home utensils. The…... [read more]

The ITC said that the US steel sector has been damaged by imported Vietnamese steel pipes, prompting the lodging of the initial anti-dumping lawsuit. Following US Government procedure, the Department of Commerce (DOC) will now continue with preliminary investigations into Certain Oil Country Tubular Goods imported from Vietnam. The preliminary anti-subsidy duty rate will be unveiled on September 13 with the preliminary anti-dumping duties following later on December 9. Eight nations—the Republic of Korea, India, Taiwan (China), Turkey, and Ukraine—are facing similar investigations. Dao Tran Nhan, head of Vietnam’s trade office in the US, said the investigations are themselves anti-competitive and protectionist. The office noted the majority of Vietnamese Certain Oil Country Tubular Goods are produced by joint ventures or foreign-invested companies. The DOC launched its largest ever anti-dumping investigation into Asian steel pipes on July 23. Vietnam’s US trade office said the DOC slashed its preliminary 103.43–111.47 percent anti-dumping duty imposed on Vietnamese steel pipes during the investigation.... [read more]

Vietnamese shoemakers do not dump their products in the European Union (EU) market, said Vice Chairman of the Vietnam Leather and Footwear Association (LEFASO) Nguyen Ngoc Lam at a press conference held in Hanoi on December 21. Mr Lam said the petition filed by the European Confederation of the Footwear Industry (ECFI) was based only on pure statistics, saying that Vietnam’s leather shoes enterprises had dumped their products by 130 percent in the EU market. In fact, up to 80 per cent of shoemakers in Vietnam worked under sub-contract for international conglomerates. These enterprises are not involved in the major production stages, so they have no power to set prices for their products. Therefore, they should be eliminated from the dumping lawsuit. LEFASO asked the European Commission (EC) to consider the possibility of suspending the anti-dumping investigation against Vietnamese enterprises. It also asked the EC to consider its decision on market economy status for eight investigated enterprises.... [read more]

While receiving Belgian Foreign Minister Karel De Gucht in Hanoi on June 12, Mr Dung said that despite the global economic slowdown, Vietnam’s economy has still achieved good results over the past five months. He said that the Government has adopted major measures to control inflation, stabilise the macro-economy, ensure social welfare and create favourable conditions for foreign investors. He expressed the hope that Belgium will continue to support Vietnam in negotiating an investment cooperation deal with the European Union. Minister De Gucht praised Vietnam’s achievements in poverty reduction and healthcare development. He said Belgian businesses want to invest in high-tech industries and medical equipment manufacturing in Vietnam. At another reception for the guest the same day, Deputy Prime Minister and Foreign Minister Pham Gia Khiem proposed Belgium continue its official development assistance programme for Vietnam and support the country’s leather shoe industry in anti-dumping investigations. He also asked Belgium to allow Vietnam to benefit from the Generalised System of Preferences (GSP) and recognise its market economy status. The Belgian minister said his country will continue to assist Vietnam in its ongoing renewal and expressed his belief in the bright prospects for the two countries’ future cooperation.... [read more]

The decision was made on July 2 targeting imported steel products coded HS 7219.32.00; 7219.33.00; 7219.34.00; 7219.35.00; 7219.90.00; 7220.20.10; 7220.20.90; and 7220.90.10; 7220.90.90. On June 5, the Vietnam Competition Authority (VCA) received legal dossiers from local steel producers Posco VST Co. Ltd and Hoa Binh Inox Joint Stock Company arguing the above products should be liable to between 20–40 percent anti-dumping taxes. Some steel importers voiced concern over the anti-dumping investigation, noting comparable Posco steel products are more expensive than their imported equivalents. The VCA said that relevant investigation agencies will carry out legal proceedings against the imported products according to Vietnam’s anti-dumping legislation. The investigation’s concerned parties can register for updates regarding the case until 30 days after the MoIT’s decision takes effect.... [read more]

The proposal was made after Brazil's Trade Protection Agency got the results of its investigation of Vietnamese shoemakers. Currently, China is the only defendant in the lawsuit. The Abicalcados’s move is expected to offer an opportunity for Vietnam’s footwear enterprises to increase their share and improve their competitive edge in the Brazilian market. The Abicalcados submitted the anti-dumping petition to the agency on October 30, 2008, asking for a probe into the imports from Vietnam, China and several other countries. Investigations were launched on December 15 and the agency found that Vietnamese shoemakers did not damage the Brazilian shoe market. The Vietnam Leather and Footwear Association said the volume of footwear exported to Brazil was relatively small, reaching almost US$40 million between January-November 2008.... [read more]

The signing took place on February 27 in Hua Hin, Thailand, where the leaders of the 10 Association of Southeast Asian nations (ASEAN) will gather for their 14th summit on February 28-March 1. According to Mr Crean, the recognition means that in any future anti-dumping investigations by Australia in relation to imports from Vietnam – a WTO member, Vietnam will be subject to the same assessment process as other WTO members. The recognition is of great significance to the friendship and multifaceted cooperation between Vietnam and Australia and New Zealand, offering new opportunities for these countries to expand their economic and trade ties. It also testifies to the Vietnamese Government’s consistent policy of developing a healthy market economy, meeting international norms. In a statement released the same day, the ASEAN Economic Ministers welcomed the decisions by Australia and New Zealand and asked other ASEAN partners to follow suit. To date, 18 countries have recognised Vietnam’s full market economy status.... [read more]

Part 1: Overcoming barriers in international trade relations In fact, international trade shows that the higher the export growth, the bigger the danger of encountering trade barriers. According to the Competition Administration Department under the Ministry of Industry and Trade (MoIT), in early July, the Directorate-General for Trade at the European Commission (EC) informed Vietnamese agencies that the anti-dumping duty of 34.5 percent the EC imposed on Vietnam's bicycle exports since July 14, 2005 has been abolished as from July 15, 2010. This is thanks to the effective coordination of associations, businesses, the media and state management agencies in collecting information about the difficulties that Vietnam's bicycle industry is facing. They then informed the European anti-dumping investigation agency that it can come to an unbiased and fair conclusion on the incident. This indicates that if there is a close and active coordination by anti-dumping investigation agencies, Vietnamese businesses can overcome trade barriers. The Deputy Head of the Competition Control Department, Vu Ba Phu, said that to cope with investigations on anti-dumping and subsidies, exporting businesses need to cooperate with foreign investigation agencies. Regarding investigations into whether or not Vietnam's PE plastic bags exported to the US market receive subsidies, Mr Phu said two of the investigated companies were foreign and one Vietnamese. From the beginning, Vietnam’s Tien Thinh Company has been a voluntary defendant and worked closely with lawyers. Meanwhile, the two foreign companies have failed to work with investigation agencies and even moved their factories to another country. As…... [read more]

Steel import surplus hits US$2.65 billion The MoIT said that the country’s import-export activities have achieved significant results over the past nine months. Exports increased by 35.4 percent while imports were up 26.9 percent. The import surplus just accounted for 9.8 percent of the total exports, which is lower than the target set by the Government. Although, industrial production rose by 7.8 percent in the review period, it is still facing a number of difficulties, such as rising input costs, a decrease in credit capital and high interest rates for loans. Pham Chi Cuong, President of the Vietnam Steel Association, said steel consumption fell drastically sharply over the past three quarters due to public investment cuts and tightened fiscal policies. To ease their difficulties, businesses accelerated exports, and the sharp rise in export volume and cheap prices has resulted in some countries, including the US, listing Vietnamese steel for anti-dumping investigation. Despite achieving 32 percent growth, the garment and textile sector was also facing numerous difficulties. Textile and garment exports to the US and Europe began to fall due to the debt crisis and economic downturn in these markets. Some businesses expressed their concern that the difficult situation will make US importers reduce their import volume, even for signed contracts. It is forecast that it will be more difficult to export in the remaining months of this year. Deputy Minister of Industry and Trade Le Xuan Quang pointed out some solutions for the sector in the remainder of 2011, including…... [read more]

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