Vietnam Imposes Anti-Dumping Measures on Steel and Wind Tower Imports
In a decisive move to protect local industries, Vietnam's Ministry of Industry and Trade has imposed anti-dumping duties on a range of products imported from Malaysia, Thailand, and China. The Trade Remedies Authority of the Ministry revealed on Monday that the new measures aim to curb unfair pricing practices in key sectors like steel and wind energy.
Steel Wire Duties Targeted at Malaysia, Thailand, and China
On January 14, 2025, the ministry issued Decision 143, which applies anti-dumping duties on pre-stressed steel wire originating from the three countries. The products subject to this duty are classified under the Harmonized System codes 7312.10.91 and 7312.10.99. This decision follows an investigation into dumping practices that negatively impacted Vietnam’s local steel manufacturers.
The pre-stressed steel wire in question is crucial for infrastructure projects, including the construction of bridges, roads, and other large-scale construction. By imposing these duties, Vietnam aims to level the playing field for domestic producers and prevent price undercutting by foreign suppliers.
Wind Towers from China Face Anti-Dumping Measures
On December 24, 2024, the Ministry issued Decision 3453 to apply official anti-dumping measures to wind towers imported from China. These products, essential for renewable energy projects, have HS codes 7308.20.11 and 7308.20.19. Additionally, wind towers imported as part of a wind turbine generator set fall under HS codes 8502.31.10 and 8502.31.20. The decision reflects growing concerns over the impact of imported wind towers on Vietnam’s local market and wind energy development.
Exemption Process for Affected Businesses
Vietnam's Ministry of Industry and Trade has outlined a process for businesses that wish to apply for exemptions from the anti-dumping duties. Affected companies must submit their applications to the Trade Remedies Authority through Vietnam’s online public service portal at dichvucong.moit.gov.vn or by postal mail to the authority’s office in Hanoi. Applications must include the necessary documentation, as specified under Article 14 and Appendix III of Circular 37, which regulates trade defense measures.
Impact on Local Industries and Trade Relations
The new anti-dumping measures come at a time when many industries in Vietnam, particularly steel, are under increased pressure due to foreign trade practices. The steel sector, one of the most affected, faces not only anti-dumping duties but also broader trade protectionism tensions. While these measures are designed to shield domestic producers, they also highlight the ongoing tensions in international trade relations, particularly between Vietnam and its trading partners in the ASEAN region and China.
Through these anti-dumping measures, Vietnam seeks to bolster its local manufacturing sectors, ensuring they are not undermined by unfair pricing practices from abroad. The move aligns with Vietnam's broader strategy to safeguard its economy against unfair competition and maintain healthy domestic industries in critical sectors such as steel and renewable energy.
