HANOI -- Vietnam continues to impose anti-dumping tax on certain cold rolled stainless steel products imported from China, Malaysia, Indonesia and China's Taiwan, the state-run radio VOV reported on May 3.
According to a decision lately issued by Vietnam's Ministry of Industry and Trade (MoIT), certain steel producers from China will be imposed with anti-dumping taxes varying from 17.47 to 25.35 percent. Some products originating in Indonesia and Malaysia will be applied with respective anti-dumping taxes of 13.03 percent and 9.55 percent. Meanwhile, certain products from China's Taiwan are to suffer from anti-dumping taxes of 13.79 percent to 37.29 percent.
The new taxes will be applied from May 14, 2016 to October 6, 2019, the MoIT was quoted by VOV as saying.
The ministry also noted that the tax rate and implementation period can be changed in case of reviewing and extending as regulated in its ordinance on anti-dumping for goods imported into Vietnam.
Earlier, the MoIT applied anti-dumping taxes on certain cold rolled stainless steel products imported into Vietnam from China, Malaysia, Indonesia and China's Taiwan from October 5, 2014 to May 13, 2016.
During the period, producers from China are defined to suffer anti-dumping taxes from 4.64 percent to 6.87 percent, from Indonesia 3.07 percent, Malaysia 10.71 percent, and China's Taiwan 13.79 percent to 37.29 percent.
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