Vietnam imposes anti-dumping tax on imported wind power towers for 5 years

Vietnam officially applies anti-dumping measures on some wind power tower products imported from China for a period of 5 years.

Vietnam officially applies anti-dumping measures on some wind power tower products imported from China for a period of 5 years.

Wind power towers imported from China will be subject to anti-dumping duties for a period of five years.

Based on the conclusion of the Investigation Agency, the Ministry of Industry and Trade has just issued Decision No. 3453/QD-BCT to apply official anti-dumping measures for 5 years on a number of wind power tower products originating from China.

The decision takes effect after 15 days from the date.

Specifically, the Ministry of Industry and Trade decided to apply official anti-dumping measures against a number of wind power tower products originating from China under commodity codes (HS codes) 7308.20.11 and 7308.20.19, in case they are imported as a part of a wind power generator, they are classified under HS codes 8502.31.10 and 8502.31.20 (case code: AD 18).

In the Notice attached to Decision No. 3453⁄QD-BCT, the wind power tower products subject to anti-dumping tax are part of wind power generators, usually with a cylindrical steel structure.

The wind tower is the part connecting the tower base and the wind turbine housing. This product is built on the tower base to support the wind turbine and blades, and has the effect of bearing the force during the operation of the wind generator. The value of the wind tower usually accounts for about 5% to 7% of the total value of a complete wind generator.

According to the conclusion of the investigation agency (Department of Trade Defense), the domestic wind tower manufacturing company is a member of one of the leading wind tower manufacturing corporations in the world with a total market share of up to 15% of the total wind power capacity produced in the world.

The company in Vietnam is considered to have the best production capacity and quality in the group's global system.

The company's products manufactured in Vietnam have been exported in large quantities to many markets such as the United States, Canada, England, Germany, the Netherlands, Sweden, Australia, Japan, and Korea.

Although the domestic manufacturing industry has sufficient capacity to compete in the international market, based on the evidence and data collected, the investigation agency determined that wind power tower products imported from a number of Chinese enterprises were dumped and caused significant damage to the domestic manufacturing industry in the Vietnamese market.

The damage is reflected in factors such as output, market share, sales volume, revenue, sales profit, and labor of the domestic manufacturing industry, all of which have declined to the lowest level during the investigation period.

To restore a fair competitive environment between domestically produced goods and imported goods, the Ministry of Industry and Trade decided to apply anti-dumping measures on wind power tower products originating from China.

The decision of the Ministry of Industry and Trade also determined that a Chinese enterprise will not be subject to anti-dumping measures because there was no dumping behavior during the investigation period.

Specifically, Jiangsu Zhenjiang New Energy Equipment Co., Ltd. does not impose anti-dumping tax; Organizations and individuals producing and exporting goods originating from China, the anti-dumping tax rate is 97%.

In the coming time, the Trade Defense Department will continue to monitor and review the anti-dumping tax rate on wind power tower products originating from China when there are requests from relevant parties according to legal regulations to ensure that anti-dumping measures are applied to the right subjects, at the right level and within a reasonable period of time.

Source: https://baodautu.vn/viet-nam-ap-thue-chong-ban-pha-gia-thap-dien-gio-nhap-khau-trong-5-nam-d235674.html