Vietnam is also cracking down on Chinese export products that are mislabelled as “Made in Vietnam” in order to avoid U.S. tariffs on products made in China.
Following an investigation which was launched in January 2019, which found that Chinese dumping of aluminum products had seriously hurt its domestic producers, Vietnam has imposed an anti-dumping tax on a whole list of products exported by China.
The development comes in the wake of a similar levy targeting steel items.
Vietnam is looking to rein in widening trade deficit with its neighbor China.
According to a statement from the country’s Ministry of Industry and Trade, an investigation launched in January found that Chinese dumping activities had seriously hurt domestic producers of aluminum, with some domestic producers having to even suspend operations.
Vietnam has levied anti-dumping duties on select aluminum products from 16 Chinese companies ranging from 2.49% to 35.58%. The levies came into effect retrospectively from September 28, and will last at least for 5 years, said an information bulletin on the government website.
According to the Ministry of Industry and Trade, aluminum imports from China have nearly doubled from last year to 62,000 tonnes; the figure excluded the amount of aluminum that transited through Vietnam.
Vietnam is also cracking down on Chinese malpractice of illegally labeling export items as “Made in Vietnam” so as to avoid U.S. tariffs on products made in China.
Vietnam’s trade deficit with China has widened to $25.11 billion in the first eight months of this year, from $17.23 billion a year earlier.