Anti-Dumping

Local firms expressed concern that such practices have caused significant damage to their operations.

As of July 2021, Vietnam’s export items have been subject to 207 trade probes from abroad, 77% of which, or 160, were conducted since 2011.

The Covid-19 pandemic has caused insignificant impact on the Vietnam’s steel production while strongly hit other countries, creating opportunities for Vietnamese manufacturers to expand market share, especially in EU, China and Thailand.

At a time when the Covid-19 pandemic is causing severe impacts on the global economy, trade tensions among economies have escalated and resulted in excessive use of trade protection measures.

Vietnamese products made from local materials or imported from countries other than China could escape anti-dumping sanctions.

In the 2011 – 2019 period, Vietnam’s exports grew at an average of 15% annually, and are on track to contribute to an all-time high turnover of US$500 billion in mid-December.

The specific cash deposit rates would depend on the origin of the substrate and the type of steel product exported to the US, stated the US Commerce Department.