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.
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.
|
|
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./.