Recently, the Ministry of Industry and Trade of Vietnam has
carried out investigations to apply anti-dumping measures against some
commodities imported into Vietnam.
The law of Vietnam also has a number of law
documents governing this matter in detail. Specifically, ordinance No.
20/2004/PL-UBTVQH11 issued on April 29th, 2004 of the Standing
Committee of the National Assembly and the Decree No. 90/2005/ND-CP issued
on July 11th, 2005 governs the anti-dumping matters and the
regulations on the implementation of several articles of the ordinance on anti-dumping of goods imported to
Vietnam.
In terms of content, ordinance 20/2004 regulating the anti-dumping
measures; procedures, contents of investigation for application and the
application of such measures against dumped goods imported into Vietnam. Decree
90/2005 regulating the implementation of some articles of the Ordinance 20/2004
on the anti-dumping investigation agency, the Council that handling
anti-dumping cases; procedures, contents of investigation and the application
of anti-dumping measures to goods imported into Vietnam.
On December 24th, 2015, Ministry of Industry and Trade of Vietnam
has received written request from 4 Vietnam companies about applying
anti-dumping measures to galvanized steel products imported into Vietnam from
People’s Republic of China (including Hong Kong) and South Korea.
The requesting parties (4 Vietnam companies) believe that quantity
and prices of the product under investigation and other factors have created
negative impact their goods consumption, leaded to negative effects on
production activities; for example, domestic goods’ market share has decreased,
loss ratio has increased, price of domestic products has fell and inventory has
risen… Moreover, increasing import products brings about damage to domestic
industry. Hence, an investigation has been implemented by the investigation
agency, which is the Vietnam Competition Authority (VCA), under the Ministry of
Industry and Trade. The VCA will publicly hold a consultation with related
parties before finishing the investigation stage. The Vietnam Ministry of
Industry and Trade will apply anti-dumping tax which comes into effect
retroactively in order to prevent the considerable increase of dumping goods in
Vietnam that have caused damages to the domestic industry.
ANT Lawyers is a law
firm in Vietnam having lawyers with specialization
in international trade, and
dispute especially WTO laws and anti-dumping laws to handle the anti-dumping
matters on behalf of manufacturers and traders to achieve the best result.
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