On that basis, the UK will not apply adverse regulations to goods imported from Vietnam in case of investigating trade defense cases.

Market economy is a concept used by some countries when conducting trade defense investigations on goods imported from other countries. Determining a country with a market economy is often based on an assessment of the level of state intervention in businesses' business decisions as well as the level of state control and intervention in other factors. factors of production such as capital and labor. A country with too much state intervention may not be considered a market economy.

If the country exporting the goods is not considered a market economy, instead of using information on costs and prices of the manufacturing or exporting enterprise itself to calculate the dumping margin, the importing country will use information that is representative of an alternative third country enterprise considered to have a market economy. As a result, the dumping margin is often determined higher, leading to trade defense tax rates that are much higher than in countries considered market economies. In some cases, the trade defense tax rate for businesses from countries that are not considered market economies can be over 100%.

Up to now, Vietnam has been recognized as a market economy by 71 countries and territories through many different forms, including many important trading partners. Being recognized as a market economy creates conditions for exported goods to be treated more fairly, with better conditions for market penetration and expansion, and more stable production and business activities of enterprises. A stable and transparent environment will attract investment capital, contributing to promoting economic development./.

Minh Toan