April 25 onward Vietnam hikes anti-dumping duties on Chinese aluminium imports

The Southeast Asian nation, Vietnam, onward 25^th April 2021 will impose anti-dumping duties of 4.39%-35.58% on aluminium products imported from China.

According to the Ministry of Industry and Trade, “The anti-dumping duties will apply to certain extruded aluminium products produced by 18 Chinese companies, with the tax rate depending on the Chinese producer.”

The ministry had already imposed anti-dumping duties of 2.49%-35.58% on aluminium products of 16 Chinese companies in October 2019.

“The Chinese firms’ dumping activities had seriously hurt domestic aluminium producers, some of whom had to halt production and lay off large numbers of workers”, stated the ministry.

The ministry added: “In some cases, the aluminium, which had already been blocked by other countries with trade barriers or anti-dumping measures, was being sold at prices lower than production costs.”

In 2018, Vietnam’s import volume of Chinese extruded aluminium reached 62,000 tonnes, which was recorded twice of 2017 and it was excluding the volumes brought into economic zones to process for exports.

In November’20, the ministry initiated a review process of the measure and decided to hike this from this month, following one year of imposing anti-dumping tariffs on aluminium products from China.