Vietnam’s export industry faced a growing number of trade defense investigations in 2023, with a total of 242 cases recorded by December. In 2023 alone, 15 new cases were initiated by foreign countries. Additionally, many ongoing cases are currently under investigation or subject to annual or end-of-period reviews…
The ongoing stream of trade defense measures poses considerable challenges for Vietnamese exporters. Experts indicate that being subjected to trade defense tariffs will lead to a considerable increase in the export prices of Vietnamese goods, reducing competitiveness and significantly impacting the profits of businesses. So, it’s crucial for Vietnam’s trade authorities and businesses to closely monitor global trade flows, proactively assess risks, and diversify export markets where possible.
In the coming period, investigations are expected to become more stringent. Countries are tightening regulations and imposing higher demands on governments and investigated enterprises, applying trade defense measures. The nature of these investigations is also expected to become more complex and challenging to deal with.
To support businesses, the Trade Remedies Authority of Vietnam will continue to utilize its early warning system to provide early and remote forecasts, helping businesses be more proactive in resource allocation and effectively preparing plans to cope with foreign trade defense investigations.
Source: Customs News.
