The big challenge for Vietnam is the strict regulations that export products have to observe. The big challenge for Vietnam is the strict regulations that export products have to observe. The businesspeople present at the Vietnam-US Trade Forum held in HCMC several days ago confirmed that more Vietnam’s export products now bear anti-dumping duties or have to satisfy higher technical requirements. The US policy to protect local production had tightened recently, which means the high possibility of Vietnamese exporters becoming defendants in lawsuits. According to MOIT, Vietnam’s major export products to the US are footwear, textile & garments, wooden furniture and electronics which have low added value.

Source: VietNamNet News May 27, 2018 01:30 UTC