Vietnam probes wind towers imported from China, weighs anti-dumping tax
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Vietnam’s industry ministry has launched an investigation that could lead to anti-dumping duties on wind towers originally from China, following a complaint by domestic producers, the government said on Saturday.
Producers in Vietnam have claimed that dumping of Chinese-origin towers has caused “significant damage” to them, the government said in a statement, without elaborating.
“In case of necessity, based on preliminary investigation results, the trade ministry can apply temporary anti-dumping measures to prevent dumping activities that hurt domestic manufacturing,” the statement added.
The government gave no timeline for completing the investigation.
Neither Vietnamese customs nor the statistics office provide data on wind tower imports.
According to the trade ministry, local producers were proposing an anti-dumping tax rate of 97%.
Wind towers imported to Vietnam currently enjoy a most-favored nation (MFN) tariff of 3%.
Vietnam is looking to boost wind energy as it begins the transition to becoming carbon-neutral by mid-century, aiming for wind, most of it onshore, to account for 18.5% of the total power mix by 2030.
The Chinese embassy in Hanoi did not immediately respond to a request for comment outside of business hours.
Questions & Answers
Q.What is the primary reason for Vietnam's investigation into wind towers imported from China?
What is the primary reason for Vietnam's investigation into wind towers imported from China?
Vietnam's industry ministry launched the investigation following a complaint from domestic producers. They claim that the dumping of Chinese-origin wind towers has caused them significant damage, prompting the government to act.
Q.What tariff rate are local producers in Vietnam suggesting for imported Chinese wind towers?
What tariff rate are local producers in Vietnam suggesting for imported Chinese wind towers?
Local producers are proposing a substantial anti-dumping tax rate of 97%. Currently, wind towers imported into Vietnam benefit from a most-favored nation tariff of just 3%.
Q.Why is boosting wind energy important for Vietnam's future plans?
Why is boosting wind energy important for Vietnam's future plans?
Vietnam aims to become carbon-neutral by mid-century and is transitioning its energy sources. Wind energy is crucial to this goal, with onshore wind expected to contribute 18.5% of the total power mix by 2030.
Q.Can the Vietnamese trade ministry impose temporary anti-dumping measures before the investigation concludes?
Can the Vietnamese trade ministry impose temporary anti-dumping measures before the investigation concludes?
Yes, the trade ministry has the authority to apply temporary anti-dumping measures. This can happen if deemed necessary, based on preliminary investigation results, to prevent further harm to domestic manufacturing.
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