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An insightful glimpse into Vietnam’s thriving manufacturing sector: employees diligently working at the Radial truck tire manufacturing plant, owned by the Joint Stock Company Cao su Đà Nẵng, located in the Liên Chiểu Industrial Park, Đà Nẵng city. (Photo: VNA)
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On August 21, the Trade Remedies Authority of Vietnam (under the Ministry of Industry and Trade) announced that the US Department of Commerce (DOC) initiated an administrative review on August 14 regarding several Vietnamese export products subject to anti-dumping and countervailing duties. These products include steel nails, welded stainless pressure pipes, and passenger vehicle and light truck tires.
The review periods for these products range from July 1, 2023, to June 30, 2024, for steel nails and welded stainless pressure pipes, and from January 1, 2023, to December 31, 2023, for passenger vehicle and light truck tires. During these periods, the DOC will scrutinize the export activities of Vietnamese companies.
As per US legal regulations, within 35 days of the initiation of the review (expected to be September 18, 2024), the DOC will select mandatory respondents based on export volume, using data from the US Customs and Border Protection (CBP) or responses to the Quantity and Value (Q&V) questionnaire. Companies that did not export during the review period must inform the DOC within 30 days of the initiation (by September 13, 2024). Additionally, parties can withdraw their review requests within 90 days of initiation (by November 12, 2024).
For companies in non-market economy countries, such as Vietnam, to be eligible for a separate tax rate, they must file a separate rate application within 30 days of the initiation of the review (by September 13, 2024). Failure to do so or not being selected as a mandatory respondent may result in the application of a nation-wide tax rate.
The DOC is expected to issue its final conclusions by July 31, 2025. In the meantime, it will request information from parties to select a surrogate country and value for Vietnam, issue the Q&V questionnaire, and send questionnaires to mandatory respondents.
To safeguard the legitimate rights and interests of Vietnamese companies, the Trade Remedies Authority recommends that manufacturers and exporters of the products in question stay updated on the case, comply with the requirements of the US investigating agency, and maintain close coordination with the Trade Remedies Authority throughout the process.
Đức Duy
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