Vietnam buoys anti-dumping duty on aluminium from China
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Vietnam buoys anti-dumping duty on aluminium from China

Global Economy

TBS Report
08 May, 2021, 12:15 pm
Last modified: 08 May, 2021, 12:34 pm

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Vietnam buoys anti-dumping duty on aluminium from China

The Ministry of Industry and Trade has decided to continue imposing the anti-dumping duties on certain aluminium products originating from China with a tax rate from 4.39 per cent to 35.58 per cent after carrying out the first review

TBS Report
08 May, 2021, 12:15 pm
Last modified: 08 May, 2021, 12:34 pm
Vietnam buoys anti-dumping duty on aluminium from China

Vietnam has decided to keep the anti-dumping duty on aluminium from China.

The Ministry of Industry and Trade has decided to continue imposing the anti-dumping duties on certain aluminium products originating from China with a tax rate from 4.39 per cent to 35.58 per cent after carrying out the first review, reported VietNam News.

Earlier on September 28 last year, the Ministry had issued a decision to impose anti-dumping duties on some aluminium products originating from China with a rate from 2.49 per cent to 35.58 per cent.

The Ministry initiated the investigation into the anti-dumping case in January 2019 and found that it has hit the domestic aluminium industry.

Specifically, most domestic producers suffered losses, many production lines had to stop operating and a large number of workers lost jobs due to the dumping of aluminium products originating from China at margins of 2.49 per cent to 35.58 per cent.

In mid-2020, the Ministry received an inquiry to conduct the first review on anti-dumping duties on Chinese aluminium products.

After the review, the ministry issued a decision on 20 April this year, which came into effect five days later, to continue levying anti-dumping duty on some aluminium products originating from China.

On the same day, the ministry also issued a decision after carrying out the first review about the imposition of anti-dumping duty on some painted flat-rolled alloy and non-alloy steel products originating from China and the Republic of Korea.

World+Biz

china / Vietnam / anti-dumping duty

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