The Ministry of Industry and Trade issued a Decision on the results of the final review of the application of anti-dumping measures on certain flat-rolled, painted alloy or non-alloy steel products originating from the Republic of Korea and the People's Republic of China (Case code: ER01.AD04)

On October 24, 2024, the Ministry of Industry and Trade issued Decision No. 2822⁄QD-BCT on the results of the final review of the application of anti-dumping measures on certain flat-rolled, painted alloy or non-alloy steel products originating from the Republic of Korea and the People's Republic of China. Accordingly, the anti-dumping measures were extended for another 5 years with the anti-dumping tax rate applied from 0% to 34.27%.

The Ministry of Industry and Trade began conducting the final review investigation from October 2023 in accordance with the provisions of Vietnam's trade defense law. The investigation process is carried out in accordance with the provisions of the Law on Foreign Trade Management, relevant regulations as well as the Anti-dumping Agreement of the World Trade Organization (WTO).

The investigating agency determined that there is a possibility that the imported goods under investigation will continue or recur in dumping behavior causing damage to the domestic manufacturing industry in the event of termination of anti-dumping measures.

In the coming time, the Ministry of Industry and Trade will coordinate with relevant management agencies to inspect, monitor and supervise the effectiveness of the implementation of the decision to ensure a fair and favorable competitive environment for manufacturing industries in accordance with legal regulations.