Website warns exporters of future anti-dumping actions

HA NOI — A website offering early warnings of pending anti-dumping cases against Vietnamese exports was launched on Wednesday.

Available at www.canhbaosom.vn, the system was built under a cooperative agreement between the Ministry of Industry and Trade's Viet Nam Competition Authority and the Global Competition Fund of Denmark.

In the first phase, the site will focus on the sectors of textile and garment, footwear, seafood, wood products and electrical cables, and upon two major markets, the US and EU.

Eventually, information and warnings will extend to 20 sectors and 10 major markets.

Deputy Minister of Industry and Trade Le Danh Vinh, addressing yesterday's launch ceremony, said the system would help businesses cope with trade lawsuits effectively as well as warn them of the risks of anti-dumping lawsuits in their sectors.

Anti-dumping cases have caused substantial negative effects on Viet Nam's economy, not only losing export revenue for companies but also causing them to incur legal costs to litigate dumping claims.

Vinh said he hoped the new system would help Vietnamese enterprises better prepare for and take active perventative measures against anti-dumping lawsuits, reducing their losses.

The system would thereby help Viet Nam maintain and increase its export value, increasing the competiveness of Vietnamese industries on global markets, he said.

Danish Ambassador to Viet Nam John Nielsen said the Southeast Asian country would have to face the challenges brought about by freedom of trade, and the early warning system would be an effective tool to increase the awareness of Vietnamese exporters.

He urged Vietnamese enterprises to apply transparent accounting standards as proof against dumping accusations.

Viet Nam has faced 31 anti-dumping lawsuits related to tra and basa fish, shrimp and leather shoe exports since 1994, according to the Viet Nam Competition Authority. — VNS

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Warning of anti-dumping cases available on web

A website providing early warning of anti-dumping cases against Vietnam’s exports was launched Wednesday

The system – available at www.canhbaosom.vn – was built following the cooperation agreement between the Vietnam Competition Authority under the Ministry of Industry and Trade and the Global Competition Fund of Denmark.

As planned, in the first phase, the site will focus on five sectors – garments and textiles, footwear, seafood, wood products and electric cables – and two major markets, the US and EU.

In the second phase of the project, early warning information will be provided to businesses in 10 sectors which export their products to five markets, while the information will reach 20 sectors and 10 markets in the third phase.

The website will also include market analysis (on business request) and information for import and export.

Addressing the ceremony, Deputy Industry and Trade Minister Le Danh Vinh stressed the necessity for launching the system.

It not only helps local businesses cope with trade lawsuits effectively, but also warns them of the possibilities of anti-dumping lawsuits against their exports, he said.

In fact, anti-dumping cases have caused substantial negative effects to Vietnam’s economy, which can be seen in costs of hiring lawyers for consultancy and participating in the litigation process. Besides, export turnover will decrease considerably as importers tend to cut down the import of goods under investigation due to their worries of having to pay additional anti-dumping duties.

Deputy Minister Vinh said he hoped that the system will help Vietnamese enterprises better prepare and actively prevent possible cases as well as reduce losses caused by anti-dumping lawsuits.

The operation of the system will also help Vietnam keep and increase its export value, raising the competiveness of Vietnam’s industries in global markets, he said.

Danish Ambassador to Vietnam John Nielsen said the Southeast Asian country will have to face difficulties and challenges brought by the freedom of trade, aside from its own interests.

As a result, the early warning system will be an effective tool to increase Vietnamese exporters’ awareness.

He also asked Vietnamese enterprises to apply transparent accounting standards as proof against dumping accusations.

According to the Vietnam Competition Authority, Vietnam has had to cope with 31 anti-dumping lawsuits relating tra and basa fish (pangasius), shrimp and leather shoe since 1994.

 

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Warning of anti-dumping cases available on web

A website providing early warning of anti-dumping cases against Vietnam’s exports was launched on Sept. 22.

The system – available at www.canhbaosom.vn – was built following
the cooperation agreement between the Vietnam Competition Authority
under the Ministry of Industry and Trade and the Global Competition Fund
of Denmark.

As planned, in the first phase, the site will
focus on five sectors – garments and textiles, footwear, seafood, wood
products and electric cables – and two major markets, the US and EU.

In
the second phase of the project, early warning information will be
provided to businesses in 10 sectors which export their products to five
markets, while the information will reach 20 sectors and 10 markets in
the third phase.

The website will also include market analysis (on business request) and information for import and export.

Addressing the ceremony, Deputy Industry and Trade Minister Le Danh Vinh stressed the necessity for launching the system.

It not only helps local businesses cope with trade lawsuits
effectively, but also warns them of the possibilities of anti-dumping
lawsuits against their exports, he said.

In fact,
anti-dumping cases have caused substantial negative effects to Vietnam’s economy, which can be seen in costs of hiring lawyers for
consultancy and participating in the litigation process. Besides, export
turnover will decrease considerably as importers tend to cut down the
import of goods under investigation due to their worries of having to
pay additional anti-dumping duties.

Deputy Minister
Vinh said he hoped that the system will help Vietnamese enterprises
better prepare and actively prevent possible cases as well as reduce
losses caused by anti-dumping lawsuits.

The operation of the
system will also help Vietnam keep and increase its export value,
raising the competiveness of Vietnam’s industries in global markets,
he said.

Danish Ambassador to Vietnam John Nielsen said the
Southeast Asian country will have to face difficulties and challenges
brought by the freedom of trade, aside from its own interests.

As a result, the early warning system will be an effective tool to increase Vietnamese exporters’ awareness.

He also asked Vietnamese enterprises to apply transparent accounting standards as proof against dumping accusations.

According
to the Vietnam Competition Authority, Vietnam has had to cope with
31 anti-dumping lawsuits relating tra and basa fish (pangasius), shrimp
and leather shoe since 1994./.

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