Accustomed to unfulfilled promises from the Chinese government, foreign businesses are keeping a wary eye on a nascent law aimed at addressing their long-standing grievances about unfair treatment in the world’s second largest economy.

Recently, cheap imported steel from China, India, Japan and Russia to Vietnam increased rapidly, causing manufacturing and trading activities of the domestic steel industry to face several difficulties. Last year, the amount of steel imported from China was more than 5 million tons, from India and Japan more than 2 million tons, worth around US$10 billion. Meanwhile, steel exports of Vietnam fell by more than 50 percent in both volume and value compared to the previous year. The domestic consumption of steel was also extremely poor. Unfortunately, although the consumption of steel weakened, steel total capacity increased, causing several difficulties for steel manufacturers.

Việt Nam’s GDP growth would reach 6.8 per cent from the 7.02 per cent posted in 2019, mainly due to a slowdown in the industrial sector, analysts from Fitch Solutions forecast.

Việt Nam’s GDP growth would reach 6.8 per cent from the 7.02 per cent posted in 2019, mainly due to a slowdown in the industrial sector, analysts from Fitch Solutions forecast.

Việt Nam’s cement industry in 2019 continued gain of billions of US dollars in export value, according to the Ministry of Industry and Trade.

Việt Nam’s wood industry needs to focus on improving designs, creating brands and preventing fraudulent activities to ensure healthy growth, an industry meeting heard.

South Korea faced more trade barriers last year amid growing protectionism around the globe spearheaded by the U.S.-China trade war, with steel and chemical industries being primary victims, data showed Thursday.

The Coalition of American Millwork Producers, on behalf of Bright Wood Corporation, Cascade Wood Products, Inc., Endura Products, Inc., Sierra Pacific Industries, Sunset Moulding, Woodgrain Millwork Inc., and Yuba River Moulding (collectively “petitioners”), on January 8, 2020, filed antidumping (AD) petitions on imports of wood moldings and millwork products from Brazil and China and a countervailing duty (CVD) petition on imports of wood moldings and millwork products from China.

The United States is imposing a new tariff of up to 301.64% on steel products from China.

As US strives to strike a beneficial bilateral deal with China, it’s paving the way for ‘managed’ trade among countries