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ECONOMY

Vietnam’s trade ministry launches anti-dumping investigation into Chinese aluminum

Updated at Monday, 14 Jan 2019, 15:09
The Hanoitimes - During the course of the investigation, the authority could apply a provisional anti-dumping duty of maximum of 35.8% for Chinese-originated aluminum.
The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT) on January 10 announced the launch of an anti-dumping investigation into China’s aluminum, stated the authority in a statement. 
 
Illustrative photo.
Illustrative photo.
The investigation would focus on China’s aluminum, alloy or non-alloy rods, bars and products of other shapes imported into Vietnam from January to December 2018, marking the first anti-dumping investigation initiated by Vietnam’s authority in 2019.

The decision came from complaints of local aluminum manufacturers that the import of the products from China has been hurting domestic production and caused a slump in profits for Vietnamese companies. 

The MoIT concluded that companies filing these complaints qualify as representatives of the local sector and are eligible to propose an anti-dumping duty on Chinese-originated aluminum. 

Austdoor, Song Hong Aluminium, Tung Yang and MienHua, which hold a combined 31.54% of domestic output, are said to have filed the complaints.

According to the MoIT, the proposed duty is set at a maximum rate of 35.58%, while a provisional anti-dumping duty of the same rate could be applied. 

Under the law on foreign trade administration, the MoIT is authorized to impose retrospective anti-dumping duties on goods imported within 90 days before the imposition of provisional anti-dumping duties if the imports are concluded as being sold as suspiciously below the fair price. 
Ngoc Mai
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