The decision signed on January 21 clearly states that the goods subject to temporary anti-dumping tax (CBPG) are hot-rolled steel products with basic characteristics of iron, alloy or non-alloy steel that are flat-rolled; hot-rolled; thickness from 1.2 mm to 25.4 mm; width not exceeding 1,880 mm; not further processed than hot-rolled; pickled or not pickled; not clad, coated, plated or coated; oiled or not oiled; carbon content less than or equal to 0.3% by mass.

Stainless steel products are not subject to temporary anti-dumping tax.

Hot-rolled steel products subject to temporary anti-dumping tax are classified according to the commodity codes (HS codes): HS 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.40.90, 7225.99.90, 7226.91.10, 7226.91.90.

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Previously, a number of domestic steel manufacturing enterprises filed a request to initiate an anti-dumping investigation into hot-rolled steel imported from China and India.

The Ministry of Industry and Trade may amend and supplement the list of HS codes of goods subject to temporary anti-dumping tax to match the description of the goods under investigation and other changes (if any).

Regarding the temporary anti-dumping tax rate for organizations and individuals producing and exporting goods originating from India, the Ministry of Industry and Trade decided not to apply it because it satisfies the conditions specified in Clause 3, Article 78 of the Trade Management Law No. 05/2017/QH14.

Meanwhile, the temporary tax rate applied to businesses, organizations and individuals producing and exporting goods originating from China ranges from 19.38-27.83%.

These tax rates take effect 15 days after the date the decision to apply temporary anti-dumping tax is issued.

Accordingly, temporary anti-dumping tax is valid for 120 days from the effective date, except in cases of extension, change or cancellation according to law.

In 2024, Vietnam spent more than 19.07 billion USD to import iron and steel of all kinds and iron and steel products. Of which, the import value of this item from India was 238.6 million USD and the import value from China was up to nearly 12.03 billion USD.

Last year, Chinese steel accounted for the majority of imports into Vietnam, mainly because the selling price from this market was 30-70 USD lower, depending on the product type, compared to other markets.

This stems from the fact that China has not yet escaped the "steel surplus" crisis; reduced domestic consumption has forced steel producers in this country to boost exports at low prices to release inventory.

Despite the investigation order, hot-rolled coil steel is still flooding into Vietnam. The amount of hot-rolled coil steel (HRC) imported into Vietnam is still increasing sharply despite the Ministry of Industry and Trade conducting an anti-dumping investigation.