Vietnam posted total export revenue of US$82.94 billion in the first four months of this year, up 4.7% over the same period in 2019, the Ministry of Industry and Trade announced on May 4.
The anti-dumping duty on a Chinese chemical, used in food and pharma industry, may be extended as the commerce ministry has recommended continuing the safeguards to protect domestic players from cheap imports.
EU trade defence measures are effective in reducing unfair international trading practices, according to an annual report published today by the European Commission.
The Industry and Trade Ministry will promote the restructuring of industrial production sectors, especially the support industry, due to difficulties in production during the novel coronavirus (COVID-19) pandemic.
Expanding the domestic market is currently the direction of many Vietnamese enterprises amid the context of the Covid-19 pandemic. When the export situation has not improved, many enterprises have posted significant growth in the domestic market in the past four months.
The government has extended the timeline up to May 11 for the industry to file responses on continuing the safeguard duty on import of solar cells. The extension was granted as the nationwide lockdown made it difficult to make submissions within the timeframe.
The EU-Việt Nam Free Trade Agreement (EVFTA) is expected to bring great opportunities for many economic sectors, including seafood, footwear and textiles. However, Việt Nam's goods will face many anti-dumping lawsuits and trade remedies imposed by importing countries.