Recently the Vietnamese Competition Authority (VCA), under the Ministry of Industry and Trade (MOIT), launched a website on Early Warning System on Anti-dumping cases. The ceremony was presided by Doctor Le Danh Vinh, Deputy Minister of MOIT, and included representatives of Business Associations, enterprises and the Danish Embassy.
Anti-dumping issues are quite new to enterprises and State agencies in Vietnam. Vietnam entered WTO in January 2007, but still lacks full capacity in dealing with international trade institutions concerning anti-dumping issues. Particularly, there is a need to raise SMEs’ awareness and preparation for investigation in relation to anti-dumping claims. Since 1994, 34 cases related to anti-dumping have been reported. These cases include goods with high turnover, including catfish, shrimp, leather shoes, etc. The early warning system will focus on analysing these two markets and Vietnam’s fishery, footwear, garment and textile, wooden furniture and cables export markets.
Mr. Bach Van Mung, Director General of VCA stated that in order to lessen anti-dumping impacts as well as to assist Vietnamese enterprises to better prepare and to actively prevent possible cases, an early warning system to anti-dumping cases is implemented. The project is part of Danida’s Business Sector Programme Support (BSPS) under the Global Competitiveness Facility.
At the launch, the Danish Ambassador Mr. John Nielsen emphasised that the early warning system is a step forward to support the enterprises in preparing themselves for the anti-dumping cases.
Further knowledge and capacity on international trade law in Vietnam, in both the public and private sector will be enhanced. Additionally, export companies will through the system have access to reliable data related to their business. They are also given the warning of being sued and receive consultation on the cases in order to minimize the negative effects of the base.
Finally, he added that the most important requirement for Vietnamese businesses would be to establish transparent accounting systems that allow investigators to verify costs and ensure that there are no elements of subsidy involved in any way.