On November 12, the Ministry of Industry and Trade of Vietnam issued Decision No. 3011/QD-BCT for the final review of anti-dumping measures imposed on certain cold-rolled stainless steel products originating from Taiwan, Indonesia, Malaysia and China (Case ER02.AD01).
Based on the review and implementation results of WTO rules, the Foreign Trade Management Law, guidance documents and opinions of relevant parties, the Ministry of Industry and Trade of Vietnam decided to stop or no longer implement anti-dumping measures against some cold-rolled stainless steel products originating from Taiwan, Indonesia, Malaysia and China.
In the coming period, the Ministry of Industry and Trade will cooperate with relevant institutions and units to continue to closely monitor the situation of some cold-rolled stainless steel products imported into Vietnam, so as to take appropriate measures in a timely manner in accordance with international commitments and domestic laws to protect the legitimate interests of domestic production sectors and consumers.
Historical review
On October 21, 2019, the Vietnamese Ministry of Industry and Trade made the first anti-dumping sunset review final ruling on the products involved in some countries/regions, and continued to impose anti-dumping duties on the companies involved, including Shanxi Taigang Stainless Steel Co., Ltd. and Tisco Stainless Steel (H.K.) Limited at 17.94%, other manufacturers/exporters in mainland China at 31.85%; companies involved in Taiwan, China at 37.29%; Malaysian companies Bahru Stainless Sdn. Bhd and Acerinox SC Malaysia Sdn. Bhd at 11.09%, and other Malaysian companies involved at 22.69%; Indonesian company PT.Jindal Stainless Indonesia at 10.91%, and other Indonesian companies involved at 25.06%. The resolution took effect from October 26, 2019 and is valid for 5 years.
Products under Vietnam tax codes 7219.32.00, 7219.33.00, 7219.34.00, 7219.35.00, 7219.90.00, 7220.20.10, 7220.20.90, 7220.90.10 and 7220.90.90are involved.
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