Law on Export and import duties 2016 of Vietnam: Regulation on anti-dumping duty

16:51, 12/03/2017

Anti-dumping duty means an additional import duty imposed upon dumped imports in Vietnam that causes or threatens to cause considerable damage to domestic manufacturing or prevents the formation of domestic manufacturing.

According to Article 12 of the Law on Export and import duties 2016 of Vietnam, conditions for applying anti-dumping duties are specified 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.

Rules for applying anti-dumping duties:

- 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.

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.

View contents on countervailing duties and safeguard duties at the Law on Export and import duties 2016 of Vietnam, effective from September 01, 2016.

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