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.
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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.
