WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
US removes anti-dumping duty on Vietnam's OCTGs
Phi Nhat 18:01, 2021/07/31
Oil country tubular goods (OCTGs) are essentially tubes that are used in oil and gas production.

Vietnam-based exporter SeAH Steel VINA Corporation (SSV) enjoyed a 0% anti-dumping tariff for certain oil country tubular goods (OCTG) during the period from September 1, 2018, to August 31, 2019, according to the latest conclusion of the US Department of Commerce (DOC).

  SeAH Steel VINA Corporation enjoys a 0% anti-dumping tariff for OCTG. Photo: SSV

The DOC announced the result of the third administrative review for Vietnam’s OCTG during this period, said the Trade Remedies Authority of Vietnam under the Ministry of Industry of Trade.

According to the DOC’s conclusions, other Vietnamese manufacturers and exporters will be imposed a general anti-dumping margin of 111.47%, which was similar to the previous reviews.

The US data showed in 2020, Vietnam earned an export turnover of OCTGs to this market of nearly US$17 million, mainly from the SSV.

For enterprises wanting to export OCTGs to the US, they can ask the DOC to review under the new exporter mechanism to enjoy separate tariffs, according to the Vietnamese authority.

The enterprises are advised to contact the Foreign Trade Remedies Handling Office under the Trade Remedies Authority of Vietnam to receive more support on the review process and procedures in line with the new exporter mechanism.

According to the Vietnamese authority, the US initiated an anti-dumping investigation on OCTG imports from Vietnam and eight other countries in 2013 and issued the final decision in 2014 with an anti-dumping margin of 111.47% for Vietnamese enterprises.

RELATED NEWS
TAG: anti-dumping duty doc oil country tubular goods
Other news
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
10:49, 2024/11/16
US reiterates Vietnam is not manipulating currency
The US Treasury Department’s positive evaluation underscores Vietnam’s progress in balancing its economic and monetary policies while fostering strong bilateral relations with the US.
21:14, 2024/10/31
Vietnam, Brazil: Building bridges through shared history and new partnerships
Vietnam and Brazil are forging a future of mutual development, bridging continents through their shared history and new partnerships.
16:54, 2024/10/29
Hanoi to attract tourists by showcasing local specialties at wholesale markets
Hanoi aims to enhance supervision of food safety and traceability, along with promoting cashless transactions.
16:28, 2024/10/27
National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
This year's event will focus on celebrating and raising the status of Vietnamese products, according to the Ministry of Industry and Trade.
18:39, 2024/10/21
Vietnamese goods in rising demand among Hanoi residents
The domestic market, estimated to be worth US$180 billion and projected to grow to US$350 billion by 2025, presents an opportunity for Vietnamese goods to gain a foothold domestically.