Anti-dumping investigation underway into imported polyester yarn
| |
Illustrative image (File photo) |
The businesses must reply before 17:00 on May 28 (Hanoi time), the Authority said, adding that in case it receives late response or inaccurate and inadequate information, it will use existing information to issue decisions in accordance with the Law on Foreign Trade Management.
The information and data to be provided and the right to information access of concerned parties during the investigation will be ensured in line with legal regulations on information safety.
The investigation was launched at the request from the domestic manufacturing industry.
The request, which was submitted on November 7 last year, said that PFY imports from the above-mentioned countries had surged, causing significant damage to the local PFY manufacturing industry.
Fabrics used in the apparel industry are mainly made up of three types of yarn including PFY yarn, polyester staple fibre (PSF) and natural fibre (mainly cotton). PFY accounts for around 30% of total consumption. The designed capacity of PFY production factories in the country is estimated at 350,000 tonnes per year.
During the investigation, the ministry will assess the socio-economic impacts to ensure the legitimate rights and interests of importers, consumers and domestic PFY manufacturers.
Under the provisions of the Law on Foreign Trade Management, the ministry can apply provisional anti-dumping measures.
Related News
3 exported agricultural groups worth billion US$
09:56 | 20/03/2024 Import-Export
Recovery in production, driving force for accelerated export growth
10:02 | 12/03/2024 Import-Export
China - key market for trade promotion in 2024
10:03 | 12/03/2024 Import-Export
Expected to catch up with the recovery of wood and furniture exports from trade promotion activities
09:44 | 29/02/2024 Import-Export
Latest News
Vietnam owns significant advantages in attracting FDI
15:24 | 29/03/2024 Import-Export
Nearly 7,000 tariff lines of AKFTA product specific rules need to be transposed
15:20 | 29/03/2024 Import-Export
Vietnam needs to cook up stronger global rice brand
15:09 | 29/03/2024 Import-Export
Vietnam advised to fully tap CPTPP to boost exports to Canada
15:08 | 29/03/2024 Import-Export
More News
ASEAN, RoK agree on transposition of AKFTA product specific rules
15:00 | 28/03/2024 Import-Export
Opportunities for digital technology businesses to go global
14:58 | 28/03/2024 Import-Export
Vietnam, China eye stronger border trade
14:57 | 28/03/2024 Import-Export
Improve competitiveness and sustainable development of the seafood industry
09:51 | 28/03/2024 Import-Export
Business environment reform needs further promotion: expert
14:47 | 27/03/2024 Import-Export
Singapore is the largest foreign investor in VN in Q1
14:43 | 27/03/2024 Import-Export
Thai Binh boosts investment, trade cooperation with Germany
14:38 | 27/03/2024 Import-Export
Lifting obstacles to develop industrial parks
10:24 | 27/03/2024 Import-Export
Unlock capital flows and create favorable conditions for investors
10:22 | 27/03/2024 Import-Export
Your care
Vietnam owns significant advantages in attracting FDI
15:24 | 29/03/2024 Import-Export
Nearly 7,000 tariff lines of AKFTA product specific rules need to be transposed
15:20 | 29/03/2024 Import-Export
Vietnam needs to cook up stronger global rice brand
15:09 | 29/03/2024 Import-Export
Vietnam advised to fully tap CPTPP to boost exports to Canada
15:08 | 29/03/2024 Import-Export
ASEAN, RoK agree on transposition of AKFTA product specific rules
15:00 | 28/03/2024 Import-Export