Vietnam imposes tariffs on foreign plastic film

The ministry of Industry and Trade (MoIT) has applied anti-dumping measures on some products with biaxially oriented polypropylene (BOPP) film originating from China, Thailand and Malaysia.

Vietnam imposes tariffs on foreign plastic film
MoIT sets official anti-dumping tariff on some BOPP film products from China, Thailand and Malaysia (Photo: thoibaotaichinh.vn)

From July 23, several products with BOPP film from those countries will be taxed from 9.05 percent to 23.71 percent in the local market.

After requests from the domestic industry in April 2019, the MoIT started investigating the products from August last year. The investigation was carried out in accordance with the provisions of the World Trade Organization, the Law on Foreign Trade Administration and related regulations.

On March 18 this year the ministry issued a decision to apply provisional antidumping duties.

According to the MoIT’s surveys and assessments, due to the cheap products from abroad, the local BOPP film industry has been suffering significant losses in recent years with severe declines in sales volume, revenues, profits, market share and production capacity. The investigation found the dumping margin of imported goods is determined to be from 9.05 percent to 23.71 percent.

As a result, the ministry issued a decision to apply official anti-dumping duties to minimise the damage to the manufacturing industry.

 

The MoIT said it set official anti-dumping duty rates basically lower than the preliminary tariffs previously applied in March to balance the interests of the local manufacturing industry and benefits of consumers and industries using BOPP film products.

It also excluded some special BOPP film products from the list of anti-dumping measures as local manufacturers do not yet produce them.

The anti-dumping measures will be effective for five years./.VNA

Pandemic has no impact on plastic firm

Pandemic has no impact on plastic firm

The global spread of COVID-19 has had an insignificant impact on An Phat Bioplastics JSC’s performance in the first three months, shareholders were told on March 25.

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The unfavourable prospects of the Thai packaging industry, dimmed by the ban on single-use plastic bags in the country, may force packaging manufacturers to shift business to nearby markets like Vietnam.

 
 

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