Vietnam has extended anti-dumping duty (ADD) on aluminum products from China on May 4, according to local media reports.
Vietnam’s Ministry of Industry and Trade decided to maintain the imposition of anti-dumping duties on some aluminum products imported from China with a tax rate ranging between 4.39pc and 35.58pc post the initial review.
On September 28, 2020, when the ministry imposed the AD, the tax rate varied from 2.49pc to 35.58pc.
The duty was activated due to an investigation on an anti-dumping case launched by the ministry in January 2019. The investigation revealed adverse effect on the domestic aluminum industry with the country’s producers experiencing losses, production lines being stopped, which caused unemployment because of the accumulation of aluminum products from China at margins 2.49pc to 35.58pc.