The Ministry of Industry and Trade will investigate alleged dumping of steel products imported from China.
The investigation was initiated after requests by domestic producers including Phú Mỹ Flat Steel Company Limited (VNSTEEL), POSCO Vietnam Co., Ltd. and China Steel Sumikin Việt Nam Joint Stock Company.
These companies claimed cold-rolled steel products imported from China have been dumped in the Vietnamese market at low prices.
This dumping is the main cause of significant damage to Việt Nam's rolled steel manufacturing industry, the enterprises said.
According to the law, after initiating the investigation, MoIT will send questionnaires to related parties to collect information to evaluate the alleged contents including: dumping behaviour of Chinese exporting enterprises; losses of Việt Nam's rolled steel industry and the causal relationship between dumping and losses of cold rolled steel industry.
Based on preliminary investigation results, the MoIT may apply provisional anti-dumping measures to prevent acts that continue to cause considerable damage to the domestic manufacturing industry.
The ministry will check information provided by the parties before revealing its conclusions. Public consultations will also be held for stakeholders to exchange, provide information and express their views on the case before a final decision.
The MoIT recommends all organisations and individuals that are exporting, importing, distributing, trading, using the investigated goods to register as related parties and provide necessary information to the MoIT to ensure their rights and interests.
The agency may also apply retroactive anti-dumping duty on goods subject to taxation within 90 days before the imposition of provisional anti-dumping duty.