MoIT to remove safeguards on colour-coated iron

Specifically, the Agreement on Safeguards and the General Agreement on Tariffs and Trade (GATT) 1994 allow for emergency action on imports, should a member be faced with an import surge "in such increased quantities and under such conditions as to cause or threaten serious injury to domestic producers... of like or directly competitive products." The basis for the MoIT requested safeguard measures rest on a petition filed on May 24 with the Vietnam Competition Authority by the Nghiem and Chinh Law Firm, representing three local producers - Dại Thien Loc Joint Stock Company, Nam Kim Steel and Ton Đong A Company. That petition alleges imports of colour-coated iron sheets into Vietnam surged nearly one and one-half fold to more than 642,000 metric tons and nearly doubled in value during the two-year period from 2013 to 2015. It also asserts that the surge, substantially all of which originated from steel manufacturers conducting their operations from China and the RoK, has and continues to cause the petitioner domestic producers who make competitive products to suffer serious irreparable injury. The next step in the process is for the MoIT to formally lodge the complaint with the WTO safeguard committee. Products subject to these safeguard measures include metal-plated and colour-coated iron sheets, coils and roofing sheets with the trade codes: 7210.7010, 7210.7090, 7212.4010, 7212.4020, 7212.4090, 7225.9990, 7226.9919, and 7226.9999.... [read more]

Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) has just issued Decision No. 2847/QD-BTC on applying self-defence measures against imported colour-coated iron sheets. Products subject to investigation include metal-plated and colour-coated iron sheets, coils and roofing sheets with the trade codes: 7210.7010, 7210.7090, 7212.4010, 7212.4020, 7212.4090, 7225.9990, 7226.9919, and 7226.9999. Based on Article 20 of the Ordinance on safeguards on importing foreign goods into Vietnam, the MoIT can issue a decision on applying temporary self-defence measures before the end of investigation in case it notes that delays in carrying out self-defence measures may cause drastic losses to the domestic production industry. Therefore, the ministry recommends domestic importers take into consideration the possibility of applying temporary self-defence measures against their targeted products. Previsouly, the ministry received a petition from the Nghiem and Chinh Partnership Law Firm, who represents Dai Thien Loc JSC, Nam Kim Steel JSC, and Ton Dong A JCS for a self-defence measure against colour-coated iron sheet. The petition was confirmed valid and in line with the current regulations on June 6.-VNA... [read more]

Vietnam is expected to export 2.3 million tonnes of steel in 2013, an increase of 30 percent against last year, said Director of Heavy Industry Department under the Ministry of Industry and Trade Nguyen Manh Quan. The export figure has shown efforts of domestic steel businesses in tapping foreign outlets amid protracted difficulties of local construction industry, and global economic upheavals, added Director Quan at a Vietnam Steel Association's meeting in Hanoi on November 6. Metal-plated and colour-coated iron sheet for export is forecast to post the highest increase of 62.8 percent while shaped and stainless steel products expected to gain 46 and 39 percent jump respectively. Vietnam 's steel industry is expected to produce 10 million tonnes of steel in 2013, 8.5 percent higher than those of 2012. Of the total, metal-plated steel production marked the highest increase with 36.61 percent. The consumption of steel products (domestic production, import and export) in Vietnam in 2013 was estimated to be up 7.4 percent compared to 2012.-VNA... [read more]

NDO – Labour ministers from Cambodia, Laos, Myanmar, Thailand and Vietnam (CLMTV) have reached a joint declaration on migrant labour safety, emphasising the need to ensure social security and safety for migrant workers in the world's common development. >>> CLMTV labour officials gather to discuss safety of migrant workers The joint declaration was reached during the second Ministerial Conference on Labour Cooperation in CLMTV, which opened in Da Nang on August 2, under the theme of “Promoting human resource development and decent work for migrant workers.” Addressing the conference, Deputy Prime Minister Vu Duc Dam said that after more than 50 years since its establishment (1967-2017), ASEAN has developed to become a dynamic and comprehensive organisation. Within the ASEAN, cooperation among the five CLMTV countries is constantly expanding, contributing significantly to socio-economic development and enhancing friendship among the countries. With a population of approximately 230 million people, the CLMTV countries are not only members of the ASEAN Community but are also connected by the Mekong River, sharing a geographic proximity and many cultural similarities. Especially with roads linking the countries with large markets such as China and India, this is an important condition contributing to ASEAN to develop a new momentum in the future, the deputy PM said. To control and protect migrant workers, while limiting the negative aspects, Deputy PM Dam proposed that the five CLMTV countries focus on specific issues, including strengthening cooperation in education and training, economic development, trade exchange and science and…... [read more]

In June, reporters had a chance to sail off Truong Sa (known as Spratly) archipelago on which Vietnamese navy soldiers safeguard the sovereignty of the nation’s sea and islands. They were touched by the special sentiments of mainlanders to Truong Sa and the soldiers. browser not support iframe. Truong Sa archipelago is situated in the southeast of the East Sea. It consists of more than 100 islands, sandbars, coral dunes and underwater islets. For each Vietnamese person, Truong Sa is an inseparable part of the nation. Soldiers there have devoted themselves to safeguarding sovereignty. Regardless of geographical distance, naval vessels pay regular visits to Truong Sa, bringing essential commodities, gifts and sentiments from mainlanders. After two-day sailing, Mrs Ha TuyetNhung sees her son for the first time in nearly two years. Born into a wealthy family in Ho Chi Minh City, her son, Tran Ha Duy decided to join the army after passing the entrance exam into Ho Chi Minh City University of Industry. Mrs. Le ThiThuy is happy to see her husband. Besides the happiness of the reunion day, Thuy is proud to tread the nation’s sacred soil. Similar to Thuy, Ms Pham Thi Dung met her husband again after one and a half years. Her husband began serving on Son Caisland, Truong Sa archipelago two months after their weeding. Phone calls and letters have narrowed the distance between them. Despite difficulties, Truong Sa soldiers are prepared to defend national sovereignty over sea and islands. In addition to youthful…... [read more]

Production chain at the Hoa Phat Steel JSC in Hai Duong Province. — VNA/VNS Photo Huy Hung Despite stagnation in the second quarter of 2017, Viet Nam’s steel industry managed to turn a profit in the first seven months of the year, led by a rebound in construction and real estate demand. According to reports released by the Vietnam Steel Association (VSA), the domestic steel market in the first seven months of 2017 grew significantly from the same period last year. In particular, 9.5 million tonnes of steel was produced, with 7.8 million tonnes sold domestically, both increases of 11.7 per cent. Nonetheless, individual businesses reported second-quarter income below the same period in 2016, including the Tien Len Steel Corporation with income of VND178.8 billion (US$7.9 million), down 30 per cent year-on-year and the Thai Nguyen Steel Corporation at VND83.34 billion, down nearly 48 per cent. In total, accumulated post-tax income for Viet Nam’s steel industry in Q2 of 2017 was VND1.916 trillion, down 32 per cent from 2016. Few firms reported an increase in revenue in the period, with one example the Vietnam – Italy Steel JSC recording more than VND3.9billion, 70 per cent higher than 2016’s number. At least 76 steel making firms noted in their financial report for the second quarter of 2017 that their post-tax income fell, including big names like Hoa Phat Steel JSC or Nam Kim Steel JSC. The drops can be attributed to exchange…... [read more]

Production chain at the Hoa Phat Steel JSC in Hai Duong Province. — VNA/VNS Photo Huy Hung Despite stagnation in the second quarter of 2017, Viet Nam’s steel industry managed to turn a profit in the first seven months of the year, led by a rebound in construction and real estate demand. According to reports released by the Vietnam Steel Association (VSA), the domestic steel market in the first seven months of 2017 grew significantly from the same period last year. In particular, 9.5 million tonnes of steel was produced, with 7.8 million tonnes sold domestically, both increases of 11.7 per cent. Nonetheless, individual businesses reported second-quarter income below the same period in 2016, including the Tienlen Steel Corporation with income of VND178.8 billion (US$7.9 million), down 30 per cent year-on-year and the Thai Nguyen Steel Corporation at VND83.34 billion ($3.7 million), down nearly 48 per cent. In total, accumulated post-tax income for Viet Nam’s steel industry in Q2 of 2017 was VND1.916 trillion ($85.4 million), down 32 per cent from 2016. Few firms reported an increase in revenue in the period, with one example the Vietnam – Italy Steel JSC recording more than VND3.9billion ($173,843), 70 per cent higher than 2016’s number. At least 76 steel making firms noted in their financial report for the second quarter of 2017 that their post-tax income fell, including big names like Hoa Phat Steel JSC or Nam Kim Steel JSC. The drops…... [read more]

We were touched by the special sentiments of mainlanders to Truong Sa and the soldiers. Truong Sa archipelago is situated in the southeast of the East Sea. It consists of more than 100 islands, sandbars, coral dunes and underwater islets. For each Vietnamese person, Truong Sa is an inseparable part of the nation. Soldiers there have devoted themselves to safeguarding sovereignty. Regardless of geographical distance, naval vessels pay regular visits to Truong Sa, bringing essential commodities, gifts and sentiments from mainlanders. After two-day sailing, Mrs Ha Tuyet Nhung sees her son for the first time in nearly two years. Born into a wealthy family in Ho Chi Minh City, her son, Tran Ha Duy decided to join the army after passing the entrance exam into Ho Chi Minh City University of Industry. Mrs. Le Thi Thuy is happy to see her husband. Besides the happiness of the reunion day, Thuy is proud to tread the nation’s sacred soil. Similar to Thuy, Ms Pham Thi Dung met her husband again after one and a half years. Her husband began serving on Son Ca island, Truong Sa archipelago two months after their weeding. Phone calls and letters have narrowed the distance between them. Despite difficulties, Truong Sa soldiers are prepared to defend national sovereignty over sea and islands. In addition to youthful enthusiasm and willingness to sacrifice for national sovereignty, the soldiers always take with them special sentiments from mainlanders.... [read more]

  In June, our reporters had a chance to sail off Truong Sa (known as Spratly) archipelago on which Vietnamese navy soldiers safeguard the sovereignty of the nation’s sea and islands. We were touched by the special sentiments of mainlanders to Truong Sa and the soldiers. Truong Sa archipelago is situated in the southeast of the East Sea. It consists of more than 100 islands, sandbars, coral dunes and underwater islets. For each Vietnamese person, Truong Sa is an inseparable part of the nation. Soldiers there have devoted themselves to safeguarding sovereignty. Regardless of geographical distance, naval vessels pay regular visits to Truong Sa, bringing essential commodities, gifts and sentiments from mainlanders. After two-day sailing, Mrs Ha TuyetNhung sees her son for the first time in nearly two years. Born into a wealthy family in Ho Chi Minh City, her son, Tran Ha Duy decided to join the army after passing the entrance exam into Ho Chi Minh City University of Industry. Mrs. Le ThiThuy is happy to see her husband. Besides the happiness of the reunion day, Thuy is proud to tread the nation’s sacred soil. Similar to Thuy, Ms Pham Thi Dung met her husband again after one and a half years. Her husband began serving on Son Caisland, Truong Sa archipelago two months after their weeding. Phone calls and letters have narrowed the distance between them. Despite difficulties, Truong Sa soldiers are prepared to defend national sovereignty over sea and islands. In addition to youthful enthusiasm…... [read more]

Nhập mô tả cho video In June, our reporters had a chance to sail off Truong Sa (known as Spratly) archipelago on which Vietnamese navy soldiers safeguard the sovereignty of the nation’s sea and islands. We were touched by the special sentiments of mainlanders to Truong Sa and the soldiers. Truong Sa archipelago is situated in the southeast of the East Sea. It consists of more than 100 islands, sandbars, coral dunes and underwater islets. For each Vietnamese person, Truong Sa is an inseparable part of the nation. Soldiers there have devoted themselves to safeguarding sovereignty. Regardless of geographical distance, naval vessels pay regular visits to Truong Sa, bringing essential commodities, gifts and sentiments from mainlanders. After two-day sailing, Mrs Ha TuyetNhung sees her son for the first time in nearly two years. Born into a wealthy family in Ho Chi Minh City, her son, Tran Ha Duy decided to join the army after passing the entrance exam into Ho Chi Minh City University of Industry. Mrs. Le ThiThuy is happy to see her husband. Besides the happiness of the reunion day, Thuy is proud to tread the nation’s sacred soil. Similar to Thuy, Ms Pham Thi Dung met her husband again after one and a half years. Her husband began serving on Son Caisland, Truong Sa archipelago two months after their weeding. Phone calls and letters have narrowed the distance between them. Despite difficulties, Truong Sa soldiers are prepared to defend national sovereignty over sea and…... [read more]




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