(Published in Vietnam Investment Review Magazine) Of the six businesses that are not subject to anti-circumvention tax according to the conclusion of the Ministry of Industry and Trade on August 1, ASL LAW has successfully represented and protected the interests of two of its clients.
On August 1, the Ministry of Industry and Trade issued Decision No.1514/QD-BCT on the application of anti-circumvention measures of trade remedies for some cane sugar products originating from Cambodia, Indonesia, Laos, Malaysia, and Myanmar (AC02.AD13-AS01).
According to Decision No.1514, Vietnam will apply anti-circumvention measures of trade remedies for a number of cane sugar products under HS codes 1701.13.00, 1701.14.00, 1701.91.00, 1701.99.10, 1701.99.90, and 1702.90.91.
The above cane sugar products are imported into Vietnam from Cambodia, Indonesia, Laos, Malaysia, and Myanmar.
The order and procedures for applying anti-circumvention measures of trade remedies to Vietnam’s cane sugar products will be implemented in accordance with the Law on Foreign Trade Management.
This decision will take effect after seven days from the date of issuance – August 8 until June 15 – unless it is changed or extended by other decisions from the Vietnam Ministry of Industry and Trade.
According to Decision 1514, there are a total of six companies that are not subject to anti-circumvention measures, including Kebun Tebu Mas, Mitr Lao Sugar Co., Ltd., Savannakhet Sugar Corporation, TTC Attapcu Sugar Cane Sole Co., Ltd., Than Daung OO Co., Ltd., and Ngwe Yi Pale Sugar Co, Ltd.
Among the above six companies, two have used the services of ASL LAW.
Lawyer Pham Duy Khuong, founder and managing director of ASL LAW said, “We have successfully protected two clients in an anti-circumvention investigation. This not only ensures the interests of foreign businesses in Vietnam that are complying with the laws of the host country but also confirms ASL LAW’s response to the trust of its partners.”
On February 9, 2021, the Vietnam Ministry of Industry and Trade issued Decision No.477/QD-BCT applying temporary anti-dumping and countervailing duty on cane sugar products originating from Thailand.
On June 15, 2021, the Vietnam Ministry of Industry and Trade continued to issue Decision No.1578/QD-BCT applying official anti-dumping and countervailing measures to some cane sugar products imported into Vietnam originating from Thailand.
On September 21, 2021, the Vietnam Ministry of Industry and Trade issued Decision No.2171/QD-BCT investigating the application of anti-circumvention measures of trade remedies to a number of cane sugar products originating from Thailand that were accused of evading through Laos, Cambodia, Indonesia, Malaysia, and Myanmar.
Converging reputable lawyers and legal experts working in different fields of law in Vietnam and internationally, ASL LAW not only provides a variety of legal services but is also considered a sheet anchor by Vietnamese businesses with trade relations in 22 countries around the world.
As a member of the International Bar Association (IBA) and having relations with investors from many economic powers such as Singapore, Malaysia, China, Japan, South Korea, Australia, and the US, ASL LAW also brings quality investors to do business in Vietnam and helps Vietnamese businesses expand abroad.
ASL LAW is the top-tier Vietnam law firm for Anti-dumping & countervailing. If you need any advice, please contact us for further information or collaboration.