The Ministry of Industry and Trade has just published the draft Decree on strategic trade control on the electronic information portal to collect public opinions.
At the first meeting of the Drafting Committee and Editorial Team of the Decree on Strategic Trade Control on April 1, Minister of Industry and Trade Nguyen Hong Dien affirmed that the urgent development and promulgation of the Decree on Strategic Trade Control is extremely necessary in the current context, especially when Vietnam is focusing all resources to build a modern, sustainable and highly competitive economy in the international arena.
In recent times, the shifting trend of global value chains has helped Vietnam gradually become an attractive destination for investors, especially for industries that produce high-tech products such as electronics, computers and especially semiconductor technology.
To ensure technology transfer activities and expand the production scale of high-tech products, major trade partners have proposed that Vietnam research and develop a strategic trade control mechanism to improve technology control capacity, increase the ability to enforce intellectual property rights protection, and minimize the possibility of these source technologies being transferred to third countries without the consent of the exporting country.
Besides, strategic trade control is both Vietnam's obligation in implementing international commitments and also demonstrates Vietnam's responsibility in protecting international security and peace.
"Vietnam, as a country with strong growth in import-export turnover, in the top 20 countries with the largest trade scale and having trade relations with most countries and a diverse range of import-export products, is increasingly interested in proposing to build a legal framework on strategic trade control, including in bilateral coordination programs," the head of the Ministry of Industry and Trade emphasized.
In addition, Vietnam is also actively implementing many specific solutions to achieve a harmonious and sustainable trade balance with many major trade partners such as the US or the European Union (EU). Therefore, building an effective strategic trade control mechanism also creates a solid foundation for increasing the import of high technology and source technology from this market, thereby helping to balance the trade balance.
This is also one of the contents that the Minister of Industry and Trade - Special Envoy of the Prime Minister discussed with the US Trade Representative and relevant US ministries and branches during his working trip to the US last March. This is a statement of Vietnam realized in specific legal documents at the Government level, demonstrating the determination and desire to cooperate with the US in a sustainable manner.
Also at the Drafting Committee meeting, the Drafting Committee members agreed on the necessity of promulgation, scope and subjects of regulation, as well as some basic contents of the draft Decree. The Minister of Industry and Trade directed the Standing Editorial Team to promptly receive comments and complete the draft to submit to the Government as soon as possible.
On the same day, the Government Office issued Official Dispatch No. 1391/VPCP-KHTH with comments on the proposal to develop and apply simplified processes and procedures for the Decree on strategic trade control. Accordingly, the Ministry of Industry and Trade presides over and coordinates with relevant ministries and branches to develop drafts of 2 Decrees.
Source: https://doanhnghiepvn.vn/kinh-te/chinh-sach/khan-truong-ban-hanh-nghi-dinh-ve-kiem-soat-thuong-mai-chien-luoc/20250402082155682
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