Anti dumping

As per usual procedure, right after publishing the initial results, the DoC would hold site investigations at the businesses to varify the information they had sent to the authority. However, due ot the COVID-19 pandemic, the US only requires them to provide additional information before publishing the final results. … [Read more...] about TRAV believes US DoC’s anti-dumping probe to have positive effect on Vietnam

Hanoi (VNA) -  Major Vietnamese tyre exporters have not dumped passenger tyres in the US, according to the US Department of Commerce (DOC)’s latest affirmative preliminary anti-dumping duty determinations for passenger vehicle and light truck tires from the Republic of Korea, Taiwan, Thailand, and Vietnam. They consist of Sailun, Kenda Rubber, Bridgeston, Kumho Tire, and Yokohama Rubber, accounting for 95.5 percent of Vietnam’s total tire export turnover to the US in 2019. Meanwhile, the dumping rate for Vietnam-wide entity is at 22.3 percent. The decisions have created advantages for the sector amid fierce competition from China and Thailand. The rubber sector also benefits from the decisions as a large number of its products are used to make tyres. The DOC is expected to issue its final decisions on May 14 this year. Per the preliminary antidumping duty determinations, exporters have dumped passenger tyres in the US at rates of 14.24 to 38.07 percent for the … [Read more...] about Big tyre exporters not subjected to US anti-dumping duties

The ministry said the determination was a positive result as the other exporters not subject to anti-dumping duties account for more than 95.5 per cent of Vietnamese tyre exports to the US. … [Read more...] about US announces preliminary determination on Vietnamese passenger vehicle tyres

According to a recent report by SSI Research, domestic cement demand is expected to increase around 5-7 per cent this year compared to 2020. The increase in domestic sales will be fuelled by the increase in infrastructure investment, foreign direct investment inflow into the country and the recovery of the real estate market, which will push up demand for cement, SSI Research said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 11

This move is in response to a series of incidents earlier this year, in which contractors won bids by the general department to supply rice to the State Reserves but later declined to sign contracts as rice prices surged due to the COVID-19 pandemic. Instead, they opted to export the rice for greater profit. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 13