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Information from the Vietnam Association of Seafood Exporters and Producers (VASEP) reveals that the U.S. Department of Commerce (DOC) announced preliminary countervailing duty rates for shrimp imports from Vietnam, India, and Ecuador on March 25, 2024. Three out of the four largest shrimp suppliers to the U.S. will face preliminary countervailing duties ranging from 1.69%…
02
Apr
Apr
In March 2024, Formosa and Hoa Phat submitted applications to initiate an anti-dumping investigation against hot-rolled coil steel imported from China, citing that Chinese enterprises’ dumping of steel products in the Vietnamese market threatens the domestic manufacturing industry. However, while Chinese companies have not responded, seven Vietnamese steel producers have voiced opposition, stating that there…
03
Apr
Apr
On March 22, 2024, the Canada Border Services Agency (CBSA) announced that it would conduct reviews of anti-dumping and countervailing duties on upholstered domestic seating products originating from Vietnam and China. The CBSA has initiated a normal value review to establish normal values, export prices, and the amount of subsidies applicable to upholstered domestic seatings…
29
Mar
Mar
On March 19, 2024, two steel manufacturing enterprises in Vietnam, including Hoa Phat Group and Formosa Ha Tinh Steel Corporation, sent a request to initiate an anti-dumping investigation to the Trade Remedies Authority of Vietnam regarding HRC products imported from China into Vietnam. The reason for this request is the sudden increase in imported steel…
25
Mar
Mar
The draft Law on Value-Added Tax (amended) and the draft Decree guiding the detailed implementation of the Law on Value-Added Tax (amended) are currently under review by the Ministry of Finance. This draft proposes applying a 10% VAT tax to most exported services (except for some specifically regulated services). If Vietnamese exported services are subject…
26
Mar
Mar
Since the start of 2024, Brazil has conducted several anti-dumping investigations against products originating from China. It is anticipated that with Chinese businesses facing challenges in trading with the largest economy in Latin America, this will be a good opportunity for Vietnamese enterprises to replace them and establish long-term and sustainable cooperation with Brazil. The…
21
Mar
Mar
On March 19, 2024, the Directorate General of Trade Remedies (DGTR) of India issued an anti-dumping questionnaire for textured tempered coated and uncoated glass products originating from or imported from Vietnam and China, in accordance with the Customs Tariff Act of 1975 to investigate the existence, extent, and impact of the alleged dumping. Some information…
16
Mar
Mar
On March 15, 2024, the Trade Remedies Authority of Vietnam, Ministry of Industry and Trade issued Announcement No. 11/TB-PVTM regarding the acceptance of applications for exemption from the application of trade remedy measures in March 2024 from enterprises meeting the conditions for exemption, applying to specific cases as outlined in the attached appendix to the…
15
Mar
Mar
On March 14, 2024, the Trade Remedies Authority, Ministry of Industry and Trade of Vietnam issued a list of early warnings for Vietnamese products at risk of being investigated for the application of international trade defense measures. The items at risk include: 1. Some wood products exported to the United States Hardwood plywood HS codes…
14
Mar
Mar
On March 8, 2024, the United States International Trade Commission (USITC) issued a notice initiating a global safeguard investigation to fine denier polyester staple fiber under HS code 5503.20.0025. The investigation was launched by the USITC on February 28, 2024, following a petition from U.S. producers of polyester staple fiber, including Fiber Industries LLC d/b/a…
