Vietnam initiates 4 anti-dumping probes in 7 months
As goods imported to Vietnam have increased both in terms of quantity and value, the authorities are taking measures to support local enterprises, including anti-dumping duties.
In the first seven months of 2019, the Ministry of Industry and Trade (MoIT) initiated four anti-dumping probes into goods imported into the country, according to Le Trieu Dung, director general of the Trade Remedies Authority under the MoIT.
Illustrative photo.
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According to Dung, the Trade Remedies Authority is working on three cases regarding cold-rolled steel, high fructose corn syrup (HFCS), and welding equipment, while reviewing one case related to corrosion-resistant steel and following two anti-dumping cases of galvanized steel sheet and H-shaped steel.
As goods imported to Vietnam have increased both in terms of quantity and value, the authority is cooperating with other government agencies in supporting enterprises and putting trade safeguard measures in place, if needed, which are in compliance with the law, Dung added.
Meanwhile, goods and products that domestic companies have not been able to produced could be subject to exemption from anti-dumping duty.
On the contrary, there have been a growing number of Vietnamese goods targeted by trade protection measures from other countries, one case per month on average, including five anti-dumping and two anti-subsidy probes.
The MoIT is also dealing with seven ongoing trade investigations from last year and another four in which measures have been taken, including those that involve pangasius (tra) fish and shrimp, Vietnamese key export items.
Among new cases, four are from India, two in the US and Malaysia with one, Dung revealed.
In June, the US decided to impose more than 400% countervailing duty on Vietnamese steel products using substrates from South Korea and Taiwan, while India opened an investigation into possible dumping of steel products from 15 countries, including Vietnam, following complaints by domestic steel companies.
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