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New challenges for Vietnamese bicycle sector
Foreign bicycle manufacturers often bring their
products to Vietnam before exporting them to EU markets to evade anti-dumping
tariffs, says the Vietnam Competition Authority (VCA).
The situation is attributed to the EU imposing no
anti-dumping tariff on Vietnamese bicycles and 30 percent on Chinese bicycles.
The VCA says if Vietnam cannot control the
situation, it is likely that the EU will once again impose an anti-dumping
tariff on Vietnamese bicycles.
The VCA is now working closely with the Vietnam Chamber
of Commerce and Industry and anti-trafficking agencies to inspect the capacity
of domestic bicycle producers.
At the same time, provincial departments of
planning and investment will only grant licenses to businesses that can prove
their production capability.
