Australian anti-dumping report on Vietnamese steel delayed again

July 23, 2021 - 09:00

Australia’s Anti-Dumping Commission (ADC) has extended the deadline for a report into allegations of dumping and subsidisation of precision pipe and tube steel imported from Việt Nam, China, the Republic of Korea and Taiwan (China), for a fifth time.

The ADC said it was also unaware of any intervention by the Vietnamese Government affecting the normal value of the tube steel. — Photo thuongtruong.vn

HÀ NỘI — Australia’s Anti-Dumping Commission (ADC) has extended the deadline for a report into allegations of dumping and subsidisation of precision pipe and tube steel imported from Việt Nam, China, the Republic of Korea and Taiwan (China), for a fifth time.

The report is now due to be released on or before August 27, 2021.

The ADC on June 1 issued the Preliminary Affirmative Determination on the probe, saying there appeared to be insufficient grounds for the publication of a dumping duty notice and a countervailing duty notice in respect to precision pipes and tubes exported from Việt Nam.

It found no evidence of significantly different prices for raw materials in Việt Nam compared to other Asian countries nor official Government plans to control or otherwise influence Việt Nam’s steel industry.

The ADC said it was also unaware of any intervention by the Vietnamese Government that had affected the normal value of the product.

Dumping margins were found to range from -12.2 per cent to -6.5 per cent among Vietnamese exporters while subsidy margins were determined at only 0 to 0.1 per cent.

According to statistics from the General Department of Việt Nam Customs, the export turnover of Vietnamese precision steel pipes to Australia in 2019 topped US$15 million. — VNS

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

Maintaining production chains crucial for Việt Nam

As exports formed a key component of local economic development, maintaining production chains was crucial for Việt Nam.

Economy

Việt Nam expected to be third largest start-up ecosystem in SEA in 2022

Việt Nam will emerge as the third largest startup ecosystem in Southeast Asia next year, said in “The Southeast Asia Ecosystem 2.0”, a new report by venture capital (VC) firm Golden Gate Ventures.

Economy

Potential for Vietnamese exports to Africa: workshop

There remains room for Vietnamese exports to the African market, experts said at a virtual workshop on Việt Nam-Africa trade promotion held by the Vietnam Trade Promotion Agency (Vietrade) on Wednesday.

Economy

Over 1 million tonnes of goods channelled through Quảng Ninh’s Móng Cái border gate

Despite impacts of the COVID-19 pandemic, border trade activities in Móng Cái City of northern Quảng Ninh Province, which borders China, have been maintained with a surge in the volume of import and export goods compared to the figure in 2020.

Economy

Việt Nam expects to raise VNĐ120 trillion worth of G-bonds in Q3

The State Treasury recently announced a plan to auction Government bonds worth of VNĐ120 trillion (US$5.21 billion) via the Hà Nội Stock Exchange in the third quarter of the year.

Economy

VPBank sees profit up 37 per cent in 6 months

Việt Nam Prosperity Joint Stock Commercial Bank (VPB) achieved consolidated pre-tax profit of more than VNĐ9 trillion (US$391.9 million) in the first six months of this year, up 37.2 per cent over the same period in 2020.

Economy

HCM City goods supply sharply up, now stable: ministry

The Ministry of Industry and Trade’s Special Working Group said the supply of essential goods to HCM City has gradually stabilised with 5,000 priority-licensed vehicles supplying retailers.

Economy

Sơn La longan exported to EU, UK markets

The northern mountainous province of Sơn La held a ceremony on Wednesday to grant a Trademark Registration Certificate to Sơn La longan, and export a batch of Sông Mã - Sơn La longan to the EU and UK markets.