Adapting to trade remedies, increasing export opportunities to the US

VCN - Trade remedies are considered an important part of each country's international trade policy, with the aim of protecting or supporting the domestic industry in the process of integration and liberalization. In that context, due to the rapid increase in the export capacity of Vietnam's goods, Vietnamese exports have become the subject of trade remedy measures by trading partners.
What can be done to minimize the impact of trade remedies? What can be done to minimize the impact of trade remedies?
The timber industry needs more warning measures on trade remedies The timber industry needs more warning measures on trade remedies
The deeper the integration, the greater the pressure of suing for trade remedies The deeper the integration, the greater the pressure of suing for trade remedies
Adapting to trade remedies, increasing export opportunities to the US
Pangasius - basa is an export product of Vietnam initiated by the US to investigate trade remedies. Source: Internet.

Advantages of investing in a green economy

2022 saw growth in two-way trade between Vietnam and the United States. According to Do Ngoc Hung, Trade Counselor, Vietnam Trade Office in the US, Vietnam takes advantage of the opportunity to expand its market and export to the US.

But along with opportunities also comes challenges, which is the number of cases on investigation and application of trade remedies, especially the application of measures to combat tax evasion and anti-selling. Dumping, and anti-subsidy with Vietnamese goods has increased in recent times.

“For Vietnamese goods, in fact, the United States is also one of the members of the WTO that actively applies investigation and application of trade remedies to ensure fair competition with exported and domestically produced goods. This tool the US applies not only to Vietnam but also to countries with an increase in exports to the US," said Do Ngoc Hung.

Therefore, in order to continue promoting two-way trade between Vietnam and the United States, adapting to strict trade remedy measures, according to the Vietnam Trade Office in the United States, Vietnamese businesses need to focus on new trends. For example, the trend of the green economy.

The United States is one of the world's leading countries in implementing "green economy" policies to promote economic growth. Accordingly, the US Government has implemented new policies to promote economic development through energy development, green economy development, implementation of energy saving policies, reduction of environmental pollution and implement renewable energy.

The Government of Vietnam's investment in the green economy as well as calling for the participation of Vietnamese businesses in the green economy can limit many direct risks such as supply chain disruptions, market impacts, etc. market, reputational risk, indirect risk such as competition for resources, and risk of legal regulation.

Enterprises will receive many opportunities and incentives to enter the climate-resilient market, including developing new products and services to meet market needs; open new markets for existing products and services; cost savings throughout the value chain; cooperation through the supply chain; enhance the reputation and brand value.

Besides, when the pandemic is under control, it is expected that bilateral trade between Vietnam and the US will continue to grow. At the same time, Vietnamese exports are likely to continue to face US trade remedy investigations.

Currently, the United States is also the market that initiates the most trade remedy investigation with Vietnam's exports. As of December 2022, the United States initiated investigations in a total of more than 52 cases, mainly anti-dumping and anti-circumvention investigations, anti-dumping, anti-subsidy through origin fraud, and illegal transshipment. The investigated products are quite diverse, ranging from agricultural - forestry - fishery such as wood, pangasius, shrimp, and honey, to industrial products such as tractors, steel, and cutting machines. This shows that the US is strengthening the management of items that have been subject to trade remedies to ensure the effectiveness of the applied measures.

Actively adapt, take advantage of opportunities

According to the Vietnam Trade Office in the United States, when exporting through this market, enterprises need to actively study the concluded cases to prepare documents to prove the export shipments to avoid high anti-dumping tax. In order to export goods stably and sustainably to the US, it is necessary to monitor and comply with the recommendations and early warnings of the Ministry of Industry and Trade's functional agencies on trade remedies.

At a recent seminar, Nguyen Thi Phuong Thao, IDVN Law Office, said that businesses must put aside fear, be proactive and serious in participating in legal cases. In addition to information related to technical criteria and market access, it is necessary to actively learn the basic regulations on trade remedies in those countries. Because when investigating trade remedies, each country will follow its own regulations.

Besides, businesses must also regularly monitor and update information about the market. Because sometimes Vietnam's competitors, such as China or India, are subject to trade remedies, which is both an advantage and a risk for Vietnam. “The advantage is that when Chinese or Indian businesses are removed from an import market, there will certainly be more opportunities for Vietnamese goods, but at the same time there is a risk that Vietnam may become the next target," Thao said.

Therefore, in order to be proactive in dealing with risks, enterprises need to prepare in advance and this preparation will be of great significance. Even in terms of funding, if a lawsuit occurs, it will be defended as quickly as possible.

By Ngoc Linh/ Huu Tuc

Related News

Hai Phong Customs’ revenue rises about VND 1,000 billion

Hai Phong Customs’ revenue rises about VND 1,000 billion

VCN- In the first month of the year, Hai Phong Customs' revenue increased by nearly VND1,000 billion.
Import and export turnover reaches about US$29 billion in the second half of January 2025

Import and export turnover reaches about US$29 billion in the second half of January 2025

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
Exports witness a rise of US$1 billion in the first 15 days of 2025

Exports witness a rise of US$1 billion in the first 15 days of 2025

VCN - Compared to the same period in 2024, exports in the first half of January 2025 increased by more than 6%, equivalent to nearly USS$1 billion.
State revenue in first month of the year equal to 14% of the estimate

State revenue in first month of the year equal to 14% of the estimate

VCN - According to the Ministry of Finance, in January - the first month of 2025, the total state budget revenue is estimated at VND275.9 trillion, equal to 14% of the estimate; meanwhile, the total state budget expenditure is estimated at VND134.4 trillion.

Latest News

Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term

Rice export prices drop, but decline expected to be short-term

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.

More News

Key agro products expected to maintain export growth this year

Key agro products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
EU issues 12 warnings against Việt Nam’s food and agricultural exports

EU issues 12 warnings against Việt Nam’s food and agricultural exports

The Việt Nam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.
Việt Nam to impose VAT on low-value express-imported goods

Việt Nam to impose VAT on low-value express-imported goods

Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.
Exchange rate risks need attention in near future

Exchange rate risks need attention in near future

VCN - Exchange rate developments in 2025 are considered to be quite complicated due to US policies related to trade and investment.
Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.
Market edges up slightly as liquidity remains low

Market edges up slightly as liquidity remains low

Market breadth remained positive, with 161 gainers outnumbering 144 decliners.
Business regulations must be trimmed for development of enterprises: Experts

Business regulations must be trimmed for development of enterprises: Experts

The General Statistics Office (GSO)'s socio-economic report for January 2025 reveals that while over 33,400 newly established or resumed businesses entered the market - marking a 15% increase compared to January 2024 - more than 58,300 businesses withdrew from the market, representing a growth of 8.1% on year.
Vietnam's agricultural product exports shine in 2024

Vietnam's agricultural product exports shine in 2024

The agricultural sector wrapped up 2024 with 62.4 billion USD in export turnover, marking an 18.5% increase against 2023, while achieving a record trade surplus of 18.6 billion USD, surging 53.1%.
Aiming for 16% credit growth and removing credit room allocation

Aiming for 16% credit growth and removing credit room allocation

VCN - A representative of the State Bank of Vietnam (SBV) said that the SBV is gradually innovating its credit management methods, aiming to remove the mechanism of allocating credit room to each credit institution.
Read More

Your care

Latest Most read
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term

Rice export prices drop, but decline expected to be short-term

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.
Key agro products expected to maintain export growth this year

Key agro products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
Mobile Version