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Friday, July 19, 2024

Industry Ministry says to safeguard local firms amid import spike

By T. Dao

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HCMC – The Ministry of Industry and Trade would step up efforts to protect the interests of local producers and exporters amid an import surge, the Vietnam News Agency reported.

To mitigate the adverse effects of the sharp import growth and support domestic manufacturers, the ministry would work out policy measures for preventing the evasion of trade remedies and origin fraud.

Meanwhile, it would warn exporters about commodities that are possibly subject to trade remedy investigations. They were told to stay well-informed to avoid risks.

In 2022, 22 countries launched trade defense investigations of Vietnamese commodities such as wooden products, tra fish, shrimp, footwear and apparel, with 225 cases.

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