Vietnam is now set to sue

Vietnam businesses largely unqualified to initiate trade remedy investigations. (Photo: VIETNAM TRAN)

Egg

According to statistics from the General Administration of Customs, in the first 8 months of the year, steel imports reached 9.91 million nationwide tons, up 41.1% in volume, while the average unit price decreased by 22.7%. Specifically, iron and steel imports from China in 8 months reached nearly 6 million tons, 79.4% increase over the same period of 2014. From this situation, in mid-September, the Vietnam Steel Association said the association is preparing documents to initiate anti-dumping investigations for galvanized steel products imported from China.

Explaining more about the causes of the incident, Mr. Nguyen Van Sua, vice chairman of Vietnam Steel Association said that China is consuming nation and the largest steel producer in the world, accounting for about 50% of global steel output. In recent times, the adjustment of the renminbi exchange rate low, tutoring boost exports move excess steel output should prices of steel products fell sharply as the country's way into Vietnam, causing a large effect to the domestic market.

However, he also said Sua, lawsuits are still in the preparation phase and gather more evidence so we can not say the specific movements and the time to take action. Although Vietnam enterprises must identify the evidence and find new profitable then done but ahead of a rival "giants" with many tricks as China, the preparation and implementation must be very careful and carefully.

In fact, this is not the first case that Vietnam initiated. In 2013, the Competition Administration Department, Ministry of Industry and Trade has conducted investigations and apply anti-dumping measures on steel products imported from cold rolled stainless market countries and regions are China, Malaysia , Indonesia, Taiwan and the plaintiff's POSCO Co. Ltd. and JSC VST Inox Peace. And most recently, in early May 9-2015, MOIT has officially decided to investigate the application of safeguard measures against imports of MSG products to Vietnam from other countries to the requests of the Corporation Vedan Vietnam finite and the consensus of several other companies producing MSG. According to data in the request submitted from Vedan Vietnam MSG, the import turnover has increased dramatically in the last three years (2012-2014), mainly originating from the following countries: China (76%), Thailand Finland (13%), India (11%).

Limited

In fact, the number of enterprises still sue Vietnam too little compared with the case that the foreign market has initiated an investigation and apply remedies to Vietnam. Typically, only the in September, Vietnam had received information about five initiations of anti-dumping investigation against certain types of imports from markets including Vietnam, such as cold rolled steel Malaysia, the Indonesian BOPP paper or coated sheet products, cold sheet, stainless steel pipe from Thailand.

The causes of this situation, according to Nguyen Van Sua, trade defense instruments were Vietnam known enterprises but awareness of international trade, even as the trade language with other companies in our country limited. Moreover, Vietnam enterprises are largely small and medium enterprises should not enough human, material and financial resources to delve on this issue, rather than talking about filing initiated trade defense event. Therefore, foreign companies when there is evidence that they filed initiated an investigation immediately, while the Vietnam enterprises with weak experience should take more time to prepare, can not keep up with water DN outside.

In this regard, Mr. Than Van Ly, Deputy Director General Steel Corporation Tay said, although known to the trade defense proceedings but export volumes or domestic distributors were lower should not see influence should not really care.

According to Ms. Ninh Thi Bich Thuy, Director of TVP Steel Corporation, to cope with cheap Chinese steel imports are causing many difficulties for enterprises should Company also interested in the case and will be ready to assist if may. However, in order to stand up filing DN initiated anti-dumping investigations are difficult because of insufficient scale prescribed nor enough experience and knowledge to perform. Therefore, companies need to have a motive, it teamed up again under the guidance of the Association to be able to stand as "plaintiff" is.

Because many small businesses and medium reasoning or lack of experience to initiate the investigation should vicar Steel Association said, to increase awareness among businesses about the problem, the Association has collaborated with the Department of Management competition and international cooperation department of some ministries to training for enterprises, improve business resilience. Thus, even when some companies initiate, through the Association, other businesses also helpful, although not yet by foreign companies, but domestic enterprises have been "training" to facilitate the balance , gradually improving Vietnam's position in the international market.