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Iron and steel industry is facing the challenge of Vietnam trade protection

2014-12-05
"Vietnam News" reported on December 3rd, the Vietnamese steel industry facing the global steel industry integration has brought market opportunities, but also faces the challenge of increasing trade protection, such as the importing countrys anti-dumping and anti subsidy etc.. Vietnam Steel Association forecast, because the steel plate and galvanized steel tube large export Vietnam this year, steel sales is expected to increase by 10-12%. But in the domestic market, Vietnam is facing from the Chinese cheap steel product impact, in foreign countries are faced with the problem of the country of import trade protection. 1994-2013 years, Vietnam was a total of 15 countries 52 anti-dumping litigation, 15 of them in Vietnam steel export. Many Vietnamese enterprises did not bring enough attention to trade protection, also did not have enough preparation. The lack of related knowledge mastery skill employee survey mechanism of Vietnam, face language barriers and lack of funds, so handle the case did not achieve the desired results. Vietnam relevant enterprises and institutions are lack of understanding of international law. Vietnam, the relevant departments and agencies should strengthen the professional ability, help enterprises to deal with commercial litigation.

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