Vietnam will strengthen efficiency in dealing with trade remedy cases at home and abroad in the second half of this year to protect the interests of manufacturing and exporting enterprises, according to the country's Ministry of Industry and Trade (MoIT).

When the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has the UK as a new member, more cooperation opportunities will open up for Vietnam and the European country, according to insiders.

Trade Remedies Administration is an organization under the Ministry of Industry and Trade, performing the function of advising and assisting the Minister of Industry and Trade in state management and organization law enforcement agencies in the areas of anti-dumping, anti-subsidy and safeguard.

On 5 July 2023, the Government of Vietnam initiated an anti-dumping duty investigation on imports of certain prestressed steel cable products originating from Malaysia, Thailand and China (“products”).

Tariffs on Chinese products were kept at the level of 29.2-54.9%

Vietnamese exports to the British market will have to face off with robust rivals from other CPTPP nations.

India, which provides 40 percent of global rice exports, is considering prohibiting the sale of rice abroad. The move may affect the global market and lead to an increase in Vietnam’s rice exports.

In the first 6 months of 2023, the whole country has 7 provinces and cities with export turnover of USD10 billion or more, according to preliminary statistics released by the General Department of Customs.