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According to a Vietnamese media report on May 28, regarding the U.
S.
Department of Commerce (DOC) announced the final anti-dumping and countervailing rulings against passenger car and light truck tires from Vietnam, the Ministry of Industry and Trade of Vietnam stated that the department and the National Bank of Vietnam and various ministries The industry, Binh Duong Province and Tay Ninh Province People’s Committees, and various companies have maintained close cooperation and continued discussions with the U.
S.
Department of Commerce to ensure the fairness of the anti-dumping investigation results of Vietnamese manufacturers and producers
.
At the same time, the Ministry has repeatedly negotiated with relevant US agencies through different dialogue channels to prove that Vietnam has not dumped or subsidized tire products and does not underestimate the currency in order to gain export advantages
.
Regarding the conclusion made by the United States on underestimating the exchange rate of the Vietnamese dong, the Ministry of Industry and Trade will continue to consult with the United States with the National Bank and relevant ministries and industries
.
Prior to this, on May 24, the US Department of Commerce announced a final anti-dumping and countervailing ruling on passenger car and light truck tires from South Korea, Taiwan, Thailand, and Vietnam
.
Regarding the content of anti-dumping, DOC retains its preliminary ruling
.
Therefore, most of the companies that account for 95.
5% of Vietnam’s total export of automobile tires to the United States are still determined to be non-dumping (no anti-dumping duties are levied, and the remaining companies are still taxed at the 22.
30% tax rate)
.
Regarding countervailing content, the US Department of Commerce also announced that the final ruling on Vietnam's countervailing tax rate is 6.
23%-7.
89% (preliminary ruling is 6.
23%-10.
08%)
.
This is a positive result for Vietnamese tire manufacturers and exporters in the US market
.
This conclusion also protects the interests of the rubber industry, because about 80% of the natural rubber produced in Vietnam is used to produce tires
.
S.
Department of Commerce (DOC) announced the final anti-dumping and countervailing rulings against passenger car and light truck tires from Vietnam, the Ministry of Industry and Trade of Vietnam stated that the department and the National Bank of Vietnam and various ministries The industry, Binh Duong Province and Tay Ninh Province People’s Committees, and various companies have maintained close cooperation and continued discussions with the U.
S.
Department of Commerce to ensure the fairness of the anti-dumping investigation results of Vietnamese manufacturers and producers
.
At the same time, the Ministry has repeatedly negotiated with relevant US agencies through different dialogue channels to prove that Vietnam has not dumped or subsidized tire products and does not underestimate the currency in order to gain export advantages
.
Regarding the conclusion made by the United States on underestimating the exchange rate of the Vietnamese dong, the Ministry of Industry and Trade will continue to consult with the United States with the National Bank and relevant ministries and industries
.
Prior to this, on May 24, the US Department of Commerce announced a final anti-dumping and countervailing ruling on passenger car and light truck tires from South Korea, Taiwan, Thailand, and Vietnam
.
Regarding the content of anti-dumping, DOC retains its preliminary ruling
.
Therefore, most of the companies that account for 95.
5% of Vietnam’s total export of automobile tires to the United States are still determined to be non-dumping (no anti-dumping duties are levied, and the remaining companies are still taxed at the 22.
30% tax rate)
.
Regarding countervailing content, the US Department of Commerce also announced that the final ruling on Vietnam's countervailing tax rate is 6.
23%-7.
89% (preliminary ruling is 6.
23%-10.
08%)
.
This is a positive result for Vietnamese tire manufacturers and exporters in the US market
.
This conclusion also protects the interests of the rubber industry, because about 80% of the natural rubber produced in Vietnam is used to produce tires
.
