US probe conclusion deadline on Vietnamese plywood imports extended
The US Department of Commerce (DOC) has once again announced the extension of the deadline for issuing its final conclusion on an anti-dumping and anti-subsidy tax evasion investigation into hardwood plywood imported from Vietnam, according to the Ministry of Industry and Trade (MoIT).
Hanoi (VNA) - The US Department of Commerce (DOC) has once again announcedthe extension of the deadline for issuing its final conclusion on an anti-dumpingand anti-subsidy tax evasion investigation into hardwood plywood imported fromVietnam, according to the Ministry of Industry and Trade (MoIT).
Specifically, the DOC will issue the conclusion on January31, 2023.
According to the DOC’s preliminary conclusions announced onJuly 25, plywood from Vietnam using materials from China should be subject tothe same anti-dumping and anti-subsidy duties applied to China. If thematerials are produced in Vietnam or other countries, the products will beexempt from any duties.
Currently, the US is applying an anti-dumping duty of183.36% and an anti-subsidy tax of 22.98% to 194.9% on the product from China.
Vietnamese exporters and US importers have been allowed toparticipate in the self-certification mechanism to be excluded from the evasionmeasure.
However, the self-certification mechanism is not applied toenterprises that fail to provide information or provide incomplete orinaccurate information as requested by the DOC during the investigation.
Statistics show businesses eligible for theself-certification mechanism made up about 80% of Vietnam’s export value duringthe investigation period.
Particularly for shipments imported from June 17, 2020 toAugust 28, 2022 (30 days from the date of announcement of preliminaryconclusions), DOC extended the time to complete declarations and supportingdocuments until December 1, 2022, instead of September 12, 2022 as in thepreliminary conclusions.
US customs said Vietnam’s hardwood plywood exports to the USincreased from 112.3 million USD in 2018 to 226.4 million USD in 2019, 248.5million USD in 2020 and 356.7 million USD last year. The export turnoverexpanded by 57.6% in 2021 as compared to the year before the initiation of theinvestigation./.
The US Department of Commerce (DOC) has announced the extension of deadline for issuing the final conclusion on the anti-dumping and anti-subsidy tax evasion investigation into hardwood plywood imported from Vietnam, according to the Ministry of Industry and Trade (MoIT).
The US Department of Commerce (DOC) has announced the extension of the deadline for issuing its final conclusion on a trade remedy duty evasion investigation into hardwood plywood imported from Vietnam, according to the Ministry of Industry and Trade (MoIT).
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Illustrative image (Photo: VNA) 
