Vietnam is facing an increasing risk of trade defence lawsuits as exports expand after the country's active international integration and participation in free trade agreements (FTAs).
The US has decided to conduct an investigation on whether Vietnam is dumping plywood products in the US. The decision could lead to a sharp fall in plywood exports to the market.
The information was released by the Trade Remedies Authority under Vietnam's Ministry of Industry and Trade.
Vietnam’s aquatic export revenue is estimated to reach $778 million in November this year, pushing the total earnings in the first 11 months of 2019 to about $8 billion.
The local steel industry is dealing with an increasing number of tax evasion and antidumping lawsuits in other countries, due to the allegedly fraudulent origins of steel exports, according to the Vietnam Steel Association (VSA).