Dealing with the Barriers in International Trade in Vietnam Today

It’s been considered to be a tough time for the domestic business community in recent years due to the change in the Trans-Pacific Partnership Agreement, the outbreak of anti-globalization trend, the US interest rate hike, and the upcoming fourth industrial revolution. Those factors can lead to the reversal of international trade and investment, highly affecting young economies of high attraction, which, as those in Vietnam, consider exports and foreign investment as growth drivers. As the matter stands, a large number of Vietnamese enterprises have been suffering from unfair trade disputes and anti-dumping lawsuits on the way to global integration. That the enterprises lack considerate understanding of commercial legality and the spirit of solidarity to cope with trade barriers leads to such expense. Therefore, the author wishes to evaluate the ability of Vietnamese businesses to deal with the international trade barriers; and thereby make recommendations which could help those enterprises effectively respond to such barriers under the circumstance of global integration.