Preliminary conclusions antidumping inox: Enterprises Vietnam "cry uncle" because temporary tax.

According to the preliminary conclusions of the investigating authorities VCA dated 2/12, import tariffs during the preliminary anti-dumping investigation items from 4 countries and regions: China, Indonesia, Malaysia and Taiwan Loan is from 6.45% to 30.73%.

According to the investigation report, the total volume of imports from the four countries were "elements" of dumping of stainless steel in VN for the period 2010 to 2011 is approximately 69,000 tons / year, accounting for 73% to 77% of imports, compared to around 20,000 tonnes / year from other countries.

 

Shortly after the preliminary conclusion was made, stainless steel 18 domestic enterprises had written "expressed deep concern" and said he would soon have an official protest to the investigating authorities and agencies concerned about several points in the preliminary conclusion that under these units is not consistent with reality, with the provisions of Vietnamese law and international law as well as not taking into account the economic interests - social .

 

According to industry enterprises, if preliminary tariffs competent authorities apply immediately to push the stainless steel production enterprises of Vietnam and Vietnam consumers in such a situation is extremely difficult and unavoidable equipment damage is irreparable.

 

Specifically, the tax would increase the cost of the final product early on, pushing the price higher and production units using imported raw materials as well as domestic consumers suffered.

 

"Anti-dumping legislation requires investigating authorities to consider to balance the interests between the producers and the importers lawsuit, consumers. However, in a preliminary decision, the benefits of the businesses and consumers has not been investigating authorities adequately considered, balanced with the petitioners ", representatives of 18 companies confirmed.

 

According to Mr. Dam Quang Hung - Deputy General Director Ha Son Group: "The import of this commodity from several countries currently have tariffs of 10%, if further tax pressure, the stainless steel production enterprises Vietnam only option is to narrow the production, market share ceded to foreign finished goods ".

 

Mr. Hung as well as some other companies also said that the two units standing petition is Posco VST and Peace Inox has a market share of 81%, with rates in the market offer higher VN 10-20 % compared to the international market, so the preliminary tariffs for such high taxes will make businesses must purchase raw materials at high prices ridiculous than that it otherwise they can import from foreign partners with more reasonable prices.

 

Even in content preliminary decision dated 2/12, the companies said that there are many points need to be considered, reviewed further. "For example, a preliminary decision has not fully considered the basis for determining the scope of the anti-dumping duty which is almost solely based on the complaint, which led to the proposal to impose taxes on products domestic production is virtually no production or very small amounts (200 series stainless steel products width, the baby coil), preliminary decision analysis is too vague on the issue of causation between damage of goods domestic production and imports under investigation, especially not mention other causes that causes damage to the domestic industry ... ", the text said.

 

The use of stainless steel materials businesses commented that "apparently investigating authorities did not consider carefully the severe consequences, but could not overcome the tariffs will have on the business use stainless steel consumers Vietnam and Vietnam's economy in general during this difficult period. "

 

Earlier, Reuters exchange with Nguyen Xuan Phu - Sunhouse Group Chairman said that the increase in import tariffs by 10%, and if the application of anti-dumping measures, is "2 His protection, kill 100 Mr. ", by the level of input costs increased as a result, product prices will shot up and the loss of export markets and domestic currency risk label.

The case began last 3/6, so the two companies Posco VST and Inox Hoa Binh is the plaintiff, requested event investigation and application of anti-dumping measures for cold rolled stainless steel imports from China , Indonesia, Malaysia and Taiwan.

Talking to Reuters, the lawyers agreed that the use of trade defense measures is a good thing, but the investigating authorities should have sufficient understanding of the mind and law for this sector, as well as a complete analysis harmonized area to ensure the interests of domestic enterprises as well as group general economic interest - social.

Hong Engineering