On 15 May 2015, Mayer Brown and the Vietnam Chamber of Commerce and Industry held a seminar titled "Vietnam in a Borderless World Of Trade – Opportunities and Challenges" at the New World Hotel, Ho Chi Minh City.
The event was attended by 180 renowned lawyers and experienced trade advisors, as well as representatives from the Ministry of Trade and Industry who held an open dialogue with members of the Vietnam business community and the press, as they discussed concerns and challenges facing the business community as well as ways to overcome such challenges.
Mayer Brown's speakers included partner Matthew McConkey, Mayer Brown's head of Global Trade Group in Asia; Wong Chian Voen, Director of Mayer Brown Consulting; and partner David Harrison from Mayer Brown's Ho Chi Minh City office.
This one day seminar covered a wide range of issues in relation to free trade agreements, antidumping/countervailing cases, as well as corporate law trends. They include:
- Vietnam in the era of increasing FTAs;
- recent developments in remedy actions;
- businesses opportunities and legal risks involved;
- major procedural steps in anti-dumping investigations;
- Countervailable Duty (CVD) and how to prepare for US CVD actions;
- use of trade remedies to ensure fair trade;
- lesson learned from recent Indonesia remedy experiences;
- the impact of trade remedies from the perspective of enterprises; and
- the role of legal counsel in sell-side M&A transactions.
Following Vietnam’s WTO accession in 2007, the country has witnessed a changed landscape in international trade. In addition to being a member of a more integrated ASEAN Economic Community, its negotiations on free trade agreements (FTAs) with major trading partners, such as the Customs Union of Russia, Belarus and Kazakhstan, EU, the Republic of Korea and Trans-Pacific Partnership are also fast approaching to the final stages. Domestically, the National Assembly has passed 18 new and amended laws, including the Law on Enterprises and the Law on Investment. All the above developments will likely help boost the country’s trade and investment flow, yet at the same time present enormous challenges as businesses will face tougher competition with increased trade remedies recorded.