What is anti-dumping duty according to the law in Vietnam? What are conditions and duration for applying anti-dumping duties in 2024 in Vietnam?
What is anti-dumping duty according to the law in Vietnam? What are conditions and duration for applying anti-dumping duties in 2024 in Vietnam? What are rules for applying anti-dumping duties in Vietnam?
What is anti-dumping duty according to the law in Vietnam?
Pursuant to Clause 5 Article 4 of the Law on Export and import duties in 2016:
Definitions
For the purpose of this Law, the terms below are construed as follows:
...
5. Anti-dumping duty means an additional import duty imposed upon dumped imports in Vietnam that cause or threaten to cause considerable damage to domestic manufacturing or prevents the formation of domestic manufacturing.
...
As regulated above, anti-dumping duty means an additional import duty imposed upon dumped imports in Vietnam that cause or threaten to cause considerable damage to domestic manufacturing or prevents the formation of domestic manufacturing.
What is anti-dumping duty according to the law in Vietnam? What are conditions and duration for applying anti-dumping duties in 2024 in Vietnam? - image from internet
What are conditions and duration for applying anti-dumping duties in 2024 in Vietnam?
Pursuant to Article 12 of the Law on Export and import duties in 2016 stipulating anti-dumping duties:
Anti-dumping duties
1. Conditions for applying anti-dumping duties:
a) The imports being dumped in Vietnam and the dumping margin must be determined;
b) The dumping causes or threatens to cause considerable damage to domestic manufacturing or prevents the formation of domestic manufacturing.
2. Rules for applying anti-dumping duties:
a) Anti-dumping duty may only be applied to a reasonable extent to prevent or minimize damage to domestic manufacturing;
b) The anti-dumping duties shall be applied after an investigation is carried out and conform to the investigation conclusion as prescribed by law;
c) Anti-dumping duty shall be imposed upon dumped imports in Vietnam;
d) The application of anti-dumping duties must not cause damage to domestic socio-economic interest.
3. Anti-dumping duties shall be applied for a period not exceeding 5 years from the day on which the decision to apply anti-dumping duty takes effect. Such decision may be extended where necessary.
As regulated above, conditions for applying anti-dumping duties are as follows:
- The imports being dumped in Vietnam and the dumping margin must be determined;
- The dumping causes or threatens to cause considerable damage to domestic manufacturing or prevents the formation of domestic manufacturing.
Anti-dumping duties shall be applied for a period not exceeding 5 years from the day on which the decision to apply anti-dumping duty takes effect. Such decision may be extended where necessary.
What are rules for applying anti-dumping duties in Vietnam?
Pursuant to Article 12 of the Law on Export and import duties in 2016 stipulating anti-dumping duties:
Anti-dumping duties
1. Conditions for applying anti-dumping duties:
a) The imports being dumped in Vietnam and the dumping margin must be determined;
b) The dumping causes or threatens to cause considerable damage to domestic manufacturing or prevents the formation of domestic manufacturing.
2. Rules for applying anti-dumping duties:
a) Anti-dumping duty may only be applied to a reasonable extent to prevent or minimize damage to domestic manufacturing;
b) The anti-dumping duties shall be applied after an investigation is carried out and conform to the investigation conclusion as prescribed by law;
c) Anti-dumping duty shall be imposed upon dumped imports in Vietnam;
d) The application of anti-dumping duties must not cause damage to domestic socio-economic interest.
3. Anti-dumping duties shall be applied for a period not exceeding 5 years from the day on which the decision to apply anti-dumping duty takes effect. Such decision may be extended where necessary.
As regulated above, rules for applying anti-dumping duties are as follows:
- Anti-dumping duty may only be applied to a reasonable extent to prevent or minimize damage to domestic manufacturing;
- The anti-dumping duties shall be applied after an investigation is carried out and conform to the investigation conclusion as prescribed by law;
- Anti-dumping duty shall be imposed upon dumped imports in Vietnam;
- The application of anti-dumping duties must not cause damage to domestic socio-economic interest.
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