Businesses asked to keep close watch on US investigation into boltless steel shelving imports

09:22 | 25/05/2023 Foreign trade Follow Ven.vn on

The US Department of Commerce (DOC) has commenced anti-dumping investigation into bottless steel shelving units from Việt Nam, Trade Remedies Authority of Việt Nam said, recommending enterprises producing and exporting related products keep a close watch on the next developments of the case.

Businesses asked to keep close watch on US investigation into boltless steel shelving imports

Việt Nam exported about US$32.7 million of products subject to investigation, accounting for about 15.5 per cent of the total exports of countries to the US. — Photo congthuong.vn

HÀ NỘI — The US Department of Commerce (DOC) has commenced an anti-dumping investigation into boltless steel shelving units from Việt Nam, the Trade Remedies Authority of Việt Nam said, recommending enterprises producing and exporting related products keep a close watch on the developments of the case.

On April 25, 2023, Edsal Manufacturing Co Inc, the largest producer of boltless steel shelving in the US, filed a petition to the DOC and the US International Trade Commission (USITC) to initiate an anti-dumping duties investigation into certain boltless steel shelving allegedly dumped from Malaysia, India, Taiwan (China), Thailand and Việt Nam. The product under investigation is packed boltless steel shelf with HS code 9403.200075.

The petitioner has alleged that boltless steel shelving imported from Malaysia, India, Taiwan, Thailand and Việt Nam are being, or are likely to be, sold at less than fair value in the US. The petitioner further alleged that these imports, which have cumulatively surged by 68.5 per cent from 2020 to 2022, are causing, or threatening to cause, material injury to the US boltless steel shelving industry.

The anti-dumping duties investigation started on May 15, 2023. The investigation period is from October 1, 2022 to March 31, 2023.

Preliminary data from the USITC shows that in 2022, Việt Nam exported about US$32.7 million of products subject to investigation, accounting for about 15.5 per cent of the total exports of countries to the US.

Việt Nam ranked 4th among the above exporters to the US, after Taiwan (China), China and Thailand, with alleged dumping margin ranging from 92.60 per cent to 224.94 per cent.

According to the Trade Remedies Authority of Việt Nam, the DOC has issued a questionnaire on Quantity and Value (Q&V) for Vietnamese businesses. The deadline to respond is May 30, 2023 and businesses can apply for an extension if needed.

Source: vietnamnews.vn

See more news

Timber exporters face a sharp decline in orders

06:00 | 25/05/2023 Foreign trade

Data from the General Department of Customs showed that the export turnover of wood and wooden products reached US$3.9 billion in the first four months, down 30.6 per cent year-on-year. The export of wooden goods saw a yearly decline of 38 per cent to $2.6 billion.

Enhancing Exports to China

06:00 | 23/05/2023 Foreign trade

(VEN) - Le Hoang Tai, Deputy Director of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE), said at a recent meeting with the media that despite Vietnam's geographic advantage, exports to China require greater efforts on the part of businesses in order to adapt to Chinese standards and achieve efficient outreach.

VN to play a greater role in global commodity exchanges

06:00 | 23/05/2023 Foreign trade

The Mercantile Exchange of Vietnam (MXV) is to play an increasingly important role in global trade with changes in the Southeast Asia economy's supply and demand can impact the listed prices of commodities on global exchanges.

Exploring new markets expected to fuel foreign trade

06:00 | 21/05/2023 Foreign trade

Việt Nam witnessed declines in both exports and imports in the first four months of 2023, and exploring new markets is now considered one of the solutions to foreign trade bottlenecks.

FDI sector posts trade surplus of over US$14 billion in four months

09:37 | 19/05/2023 Foreign trade

Despite an overall export decline due to the shortage of orders, foreign direct invested (FDI) businesses still posted more than US$14 billion in trade surplus in the first four months.

Tea exports earn 50 mln USD in first four months of 2023

14:38 | 17/05/2023 Major exports

According to the Ministry of Agriculture and Rural Development (MARD), tea exports in the first four months of this year reached 30,000 tonnes, worth 50 million USD, down 4.8% in volume and 5.8% in value compared to the same period last year.

Vietnamese rice welcomed in Australia, Vanuatu

06:00 | 15/05/2023 Major exports

(VEN) - Domestic companies have signed contracts for exporting 10 containers of ST25 rice to the Pacific Ocean Republic of Vanuatu.

Firms urged to pay attention to legal risks in international trade in volatile world

16:30 | 09/05/2023 Foreign trade

HÀ NỘI — While enterprises are seeking to diversify markets to cope with drops in orders, experts urge attention to be attached to legal risks which might arise from doing international trade in a volatile world.

Agro-forestry-aquatic product exports reach 15.66 billion USD in four months

11:31 | 05/05/2023 Major exports

Vietnam earned some 15.66 billion USD from agro-forestry-aquatic product exports in the first four months of 2023, down 13.3% year-on-year, according to the Ministry of Agriculture and Rural Development.

Positive signs for Vietnam’s rice exports

06:00 | 26/04/2023 Major exports

(VEN) - According to the Ministry of Industry and Trade (MoIT), Vietnam’s rice exports are showing positive indications and expected to reach about seven million tonnes in volume and US$4 billion in value this year.

Latest Most Read

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav

06:00 | 04/06/2023 Science - Technology

More than 77,000 computers in Vietnam have suffered data encryption since December 2022, according to Bkav – a leading Vietnamese technology corporation that specialises in cyber security and software.

Hanoi: Agricultural development policies lack real-world effectiveness

06:00 | 04/06/2023 Metropolis

(VEN) - Hanoi's agricultural policy implementation has been sluggish, yielding limited results that fail to align with the city's potential and strengths.

Children's artwork displayed at HCM City exhibition

06:00 | 04/06/2023 Lifestyle

The exhibition is the result of the art contest We In Me 2023 launched by the Vietnam Contemporary Visual Arts Academy (VCVAA) – an institution founded by international artist and educator Thanh Bùi to nurture young Vietnamese artistic talents.

Minister receives Head of EU delegation to Vietnam

13:23 | 03/06/2023 Vietnam and EU

On June 2, 2023, Minister of Industry and Trade Nguyen Hong Dien received Head of the European Union (EU) delegation to Vietnam Giorgio Aliberti who came to say goodbye before ending his working term in Vietnam.

Australian PM Anthony Albanese begins official visit to Vietnam

09:05 | 03/06/2023 News and Events

Australian Prime Minister Anthony Albanese arrived at Noi Bai International Airport in Hanoi at noon on June 3, beginning a two-day official visit to Vietnam at the invitation of his Vietnamese counterpart Pham Minh Chinh.

Central bank eases credit crunch, boosts growth

06:00 | 22/05/2023 Finance-Banking

(VEN) - The banking sector has adopted a series of mechanisms and policies in recent months to help businesses and customers restructure debt repayment and shore up the local bond market.

Vegetable, fruit exports: A sweet and sour challenge

06:00 | 20/05/2023 Vietnam and EU

(VEN) - Increasing world demand and the advantages of Vietnamese fruits and vegetables create vast potential for exports. However, stringent requirements of international market, especially regarding origin traceability and food safety, are confronting growers and exporters with majorThe 50th biggest fruit and vegetable exporter to the EU challenges.

New difficulties for textile, garment exports to Canada

06:00 | 21/05/2023 Vietnam and other regions

(VEN) - Canada will eliminate all remaining import duties on Vietnamese textile and garment products this year in accordance with the Pacific Rim trade deal, but the benefits could be offset by other challenges.

PM Chính discusses FDI, ODA and visas with PM Kishida

08:55 | 22/05/2023 Vietnam and other regions

The two leaders discussed specific measures to promote the extensive strategic partnership between the two countries to a new height as they held a talk on the sidelines of the expanded Summit of the Group of Seven (G7) in Hiroshima, Japan.

Enhancing Exports to China

06:00 | 23/05/2023 Foreign trade

Multimedia

Video Longform Infographic Photo

Children's artwork displayed at HCM City exhibition

06:00 | 04/06/2023 Lifestyle

a memorable summer with fireworks and fun festivals in da nang

A memorable summer with fireworks and fun festivals in Đà Nẵng

09:41 | 02/06/2023 Tourism

The vibrant summer days in the coastal city of Đà Nẵng will begin with the return of DIFF 2023.

Top models to compete in national modeling reality TV show

09:30 | 02/06/2023 Lifestyle

Around 20 male and female models will compete for the title of the modeling-themed reality TV series Face Vietnam 2023.

favourable visa policy urged to draw foreign tourists to viet nam

Favourable visa policy urged to draw foreign tourists to Việt Nam

06:00 | 01/06/2023 Tourism

Last year, Việt Nam welcomed more than 3.66 million foreign visitors or 73 per cent of the target.

viet nam received 46 million foreign visitors in first five months over half the years target

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target

14:38 | 30/05/2023 Tourism

Việt Nam sets sight on eight million foreign tourists this year, but the target was made before China officially announced its reopening in early February and reallowed sending group tours to Việt Nam in mid-March.

Policy

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects

10:06 | 25/05/2023 Policy

Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to accelerate the process of issuing electricity licenses for wind and solar power projects that have been completed but have not yet been put into operation.

Specific mechanisms, policies needed to drive HCM City’s growth

06:02 | 20/05/2023 Policy

Ho Chi Minh City needs to be supported by specific mechanisms and policies that are strong enough to remove bottlenecks faced by the city and enable it to create breakthrough developments, experts said.

PM approves National Power Development Plan VIII

14:20 | 17/05/2023 Policy

Prime Minister Phạm Minh Chính has approved the National Power Development Plan VIII, which guides the development of power plants and power grids between 2021 and 2030.

Chip-based passports can be provided online, sent via post

07:00 | 13/05/2023 Policy

The Government’s National Public Service Portal has by now integrated services to facilitate people in issuing new and exchanging chip-based passports, and receiving them via post.

Industry & Trade

Cement industry suffers financial losses during Q1

09:54 | 02/06/2023 Industry

Decreased demand and increased costs have put cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts.

Việt Nam has major opportunities to engage in global Halal industry Deputy minister

06:00 | 31/05/2023 Industry

Deputy Minister of Foreign Affairs Phạm Quang Hiệu speaks to the media about strengthening international cooperation to develop the Halal industry in Việt Nam.

Cut on automobile registration fees to facilitate auto industry

14:33 | 30/05/2023 Industry

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.

Suitable solutions needed for each sector

06:00 | 30/05/2023 Industry

(VEN) - Most industrial production sectors are facing difficulties; therefore, experts say, suitable solutions for different sectors are needed in order to solve the problems.

Investment

FDI enterprises urge investment environment improvement

06:00 | 01/06/2023 FDI

(VEN) - At an April-22 in-person meeting between Prime Minister Pham Minh Chinh and foreign investors, business and association representatives suggested that Vietnam further improve its investment environment.

Vietnam's five-month FDI rises sharply nationwide

13:03 | 29/05/2023 FDI

The total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage points as compared with the figure in the first four months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported.

Binh Phuoc’s potential introduced to Australian partners

10:13 | 26/05/2023 Investment

A seminar was held in Sydney on May 24 to introduce and popularise new investment opportunities in Binh Phuoc, a southern Vietnamese province of great potential, on the occasion of the 50th anniversary of Vietnam-Australia diplomatic ties.

Da Nang calls for investment in 10 logistics centre projects

14:57 | 23/05/2023 Investment

The People's Committee of central Da Nang City has announced a list of logistics projects calling for investment in the period until 2030.

Finance-Banking

Important: Multi-target monetary policies needed

06:00 | 02/06/2023 Finance-Banking

(VEN) - According to Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha, the SBV’s monetary policy management has never been as difficult as it is now due to the global economic changes, while the bank must not make any mistakes upon policy issuance and application.

Dozens of commercial banks cut savings interest rates

09:31 | 30/05/2023 Finance-Banking

Dozens of commercial banks have simultaneously decided to reduce deposit interest rates from May 25, after the State Bank's decision to cut policy interest rates.

Central bank continues to reduce policy interest rates

06:12 | 27/05/2023 Finance-Banking

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report

06:09 | 25/05/2023 Finance-Banking

Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.

Environment

PM urges stronger wildfire prevention measures amid strong heatwaves

06:00 | 28/05/2023 Environment

Prime Minister Phạm Minh Chính has urged stepping up wildfire prevention measures as heatwaves are scorching many localities nationwide, increasing the risk of wildfires.

Vietnam targets development of green, plastic waste-free tourism

06:00 | 28/05/2023 Environment

Vietnam is considered one of the largest contributors to marine plastic pollution globally, with the volume of plastic waste discharged into the sea ranging from 0.28 to 0.73 million tonnes a year, of which a big part comes from tourism activities.

Đồng Nai afforestation programme kicks off

06:00 | 27/05/2023 Environment

NGO Gaia Nature Conservation Center on Monday kicked off its annual afforestation programme at the Đồng Nai Culture and Nature Reserve to mark International Day for Biological Diversity.

New task force promotes innovation and financing for plastic waste reduction

14:30 | 26/05/2023 Environment

The Việt Nam National Plastic Action Partnership (NPAP) has launched a new task force to promote innovation and catalyse investment in effective solutions for reducing plastic waste and pollution in Việt Nam.

Science - Technology

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav

06:00 | 04/06/2023 Science - Technology

Vigorous changes in science and technology

06:00 | 03/06/2023 Science - Technology

(VEN) - In the context of deepening international integration, the industry and trade sector has undergone positive changes in scientific research and technology development.

Internet speeds up as four of five undersea cables repaired

08:56 | 02/06/2023 Science - Technology

Four out of the five international undersea cables that were damaged last year and early this year have been repaired, the Department of Telecommunications under the Ministry of Information and Communications announced on June 1.

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav

16:29 | 30/05/2023 Science - Technology

Society

Hanoi: Agricultural development policies lack real-world effectiveness

06:00 | 04/06/2023 Metropolis

(VEN) - Hanoi's agricultural policy implementation has been sluggish, yielding limited results that fail to align with the city's potential and strengths.

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners

16:23 | 26/05/2023 Society

Following the success of the Micro-credentials Scholarship program in 2022, Education New Zealand (ENZ) announced 40 full scholarships exclusively for Vietnamese learners in 2023, with a total value of more than half a billion dong.

Mong Cai city imports electricity from China’s Dongxing

10:37 | 25/05/2023 Energy

The Mong Cai (Vietnam) - Dongxing (China) 110kV transmission line was completed and put into operation at 6 am on May 22, adding power supply to Mong Cai city in the northeastern province of Quang Ninh, according to the Mong Cai City Electricity.

Seminar discusses orientations for rapid and sustainable national development

07:15 | 22/05/2023 Society

Participants at a seminar in Hanoi on May 16 discussed three pillars of the nation’s rapid and sustainable development.

Vietnamese Brands

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award

09:30 | 28/05/2023 Vietnamese Brands

Millions of travelers from around the world have voted Premier Village Danang Resort - a masterpiece by Sun Group on the shores of the East Sea - as one of the top 10 family-friendly hotels in Asia 2023 on Tripadvisor.

Pfizer Vietnam, VNVC sign MoU to protect public health

09:00 | 26/05/2023 Vietnamese Brands

Pfizer (Vietnam) Limited Company and Vietnam Vaccine Joint Stock Company (VNVC) on Wednesday (May 24) signed a memorandum of understanding (MoU) to partner on protecting public health by increasing the rate of proactive prevention of dangerous infections in the period of 2023-25.

Vietjet offers 50% discount on SkyBoss Business tickets

Businesses asked to keep close watch on US investigation into boltless steel shelving imports

See also

See more news

Multimedia