The Ministry of Industry and Trade of Vietnam, pursuant to its regulatory authority and responsibilities, issued Notice No. 2537/QD-BCT on October 3, 2023. This notice signalled the commencement of introducing the first anti-dumping sunset review investigating aluminium profiles originating from the People's Republic of China. The specific Vietnamese tax codes associated with the products under investigation are 7604.10.10, 7604.10.90, 7604.21.90, 7604.29.10 and 7604.29.90
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The "sunset" review by the World Trade Organization(WTO) is a law that states that when a country imposes duties on imported products because it feels they are being sold at unfairly low rates (dumping), the levies should generally expire after five years. However, before those five years are up, the government is allowed to launch an investigation to determine if suspending the duties would likely result in unfair pricing and harm to the local industry occurring again. If they believe this is likely, they can keep the obligations in place for longer. Essentially, it is a method of ensuring that the protection against unfair commercial practices remains in place if necessary, but not indefinitely.
In a series of significant developments within the realm of trade regulations, the Ministry of Industry and Trade of Vietnam embarked on an anti-dumping investigation targeting aluminium profiles originating from China on January 11, 2019. This investigation culminated in a favourable final ruling on September 28, 2019, resulting in the imposition of anti-dumping duties ranging from 2.49 per cent to 35.58 per cent.
Subsequently, on November 18, 2020, the Ministry of Industry and Trade of Vietnam initiated the first mid-term review investigation. This review process concluded on April 20, 2021, with the Ministry issuing the first interim review final ruling. As a result, adjustments were made to the anti-dumping tax rate for the concerned products, revising it to a range spanning from 4.39 per cent to 35.58 per cent.
Continuing its vigilance in trade matters, the Ministry of Industry and Trade of Vietnam instigated a second interim review investigation on June 10, 2022. This iterative evaluation process culminated in issuing the second interim review final ruling on January 19, 2023. The outcome of this ruling led to further adjustments in the anti-dumping tax rate, setting it in the range of 2.85 per cent to 35.58 per cent.
These developments reflect Vietnam's ongoing commitment to ensuring fair and equitable trade practices in the aluminium profile sector, with due consideration for market dynamics and international trade regulations.
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