In line with the decision, the temporary anti-dumping duties imposed on Malaysian exporters currently stands at 10.2%.
The MoIT originally began to conduct the investigation back in August, with findings based on the results from appraising dossiers submitted by representatives of the domestic manufacturing industry last July. These conclusions led to the request to begin swiftly applying anti-dumping measures.
During the course of eight months of preliminary investigations, the MoIT has co-operated alongside relevant agencies in carefully assessing the impact of the dumping margin of imported goods, especially H-shaped steel products, on both the domestic manufacturing industry and consumers.
The results indicate that the import volume recorded a sharp increase during the investigation period, thereby causing significant damage to the local H-shaped steel industry.
The MoIT said acts of dumping continue to exert considerable pressure on the Vietnamese manufacturing industry’s performance indicators, including production output, sales volume, and revenue, all of which have been on a downward trend throughout the duration of the investigation period.
The Trade Remedies Authority of Vietnam noted that the MoIT will continue to work alongside relevant stakeholders in order to assess the impact of the dumping act on domestic steel producers. The investigation period is anticipated to conclude ahead in the second quarter of the year.