Monday, November 18, 2019 12:33:16 AM - Markets open
VN-INDEX 1,010.03 -2.27/-0.22%
HNX-INDEX 106.03 -0.21/-0.20%
UPCOM-INDEX 57.00 +0.29/+0.52%
Anti-dumping duties on steel products extended for 5 more years
VietnamPlus - 10/29/2019 12:55:35 PM
 (0 ratings. You must sign in to rate.)
The Ministry of Industry and Trade (MoIT) has decided to extend the anti-dumping duties on cold-rolled stainless steel products originated from China, Indonesia, Malaysia and Taiwan (China) for an additional five years, starting from October 26.
 
According to the ministry, five years on since its imposition of anti-dumping duties, the domestic steel production sector has gradually recovered but the growth rate remains instable and is on a declining trend.
 
In the 2018 – 2019 period, the maximum production capacity stood at only 69.4 percent, with production growing 1 percent and sale volume down 5 percent.
 
The market share of domestic companies went up following the imposition but decreased during the 2018-2019 period, to 42.8 percent. Turnover of the domestic steel production sector also grows by only 4.69 percent at present.
 
Those statistics showed there is a close link between dumping act from foreign companies and the potential damage to local production, stated the MoIT. 
 
Vietnamese law on foreign trade management stipulates that the Ministry of Industry and Trade could apply anti-dumping duty retrospectively to the imported products if they are determined to cause possible significant loss or serious injury to domestic industry.
 
The ministry began to conduct the final review on the target products at the end of October 2018./.
VNA
 
Read original article here
 
Newer News
17/11 Household businesses to be regulated: NA deputies
16/11 Steel products experience slow consumption in October
13/11 Vietnam urged to promote circular economy
11/11 Vietnam’s exports estimated at 217.05 bln USD in 10 months
09/11 Livestock exports expected to fetch US$1.2 billion this year
07/11 Vietnam’s export tunover surges 7.4 percent in 10 months
03/11 Vietnamese telcos target 5G chipsets and devices
02/11 US forecasts bright outlook for trade with Việt Nam
02/11 EVFTA must bring benefits to people: INTA chief
Older News
26/10 VN needs foreign aid to develop renewable energy
25/10 VN needs foreign aid to develop renewable energy
23/10 US cuts antidumping duties on Vietnamese tra fish fillets
17/10 Deputy PM addresses Vietnam Business Summit 2019
14/10 Three more kinds of Vietnamese seafood exported to China
13/10 Economic zone draws investment from the manufacturing sector
11/10 Vietnam’s economic growth predicted to be higher than target
09/10 Vietnam up 10 places in Global Competitiveness Index
08/10 Rice export volume up but value falls
07/10 Vietnam continues to enjoy trade surplus with Israel
 
Newsletter Signup
Top Stories
Reference exchange rate unchanged on November 13
VN-Index slides for second day
Reference exchange rate reverses downward trend on October 23
Prices of Grade A office space rise due to low supply
VN stocks to beat 1,000 points in Q4
Market Update
Last updated at 3:10:01 PM
VN-INDEX 1,010.03 -2.27/-0.22%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.