MoIT launches anti-dumping investigation on BOPP film imported from China, Thailand and Malaysia. — Photo baomoi.com

The Ministry of Industry and Trade (MoIT) on Monday launched an anti-dumping investigation on Biaxial Oriented Polypropylene (BOPP) film originating from China, Thailand and Malaysia.

The investigation was initiated based on requests submitted by four domestic producers on April 26.

Hung Nghiep Formosa Ltd Company and Youl Chon Vina Plastic JSC submitted the petitions, claiming that BOPP film products imported from China, Thailand and Malaysia were being dumped in the Vietnamese market, causing significant damage to Viet Nam's BOPP film production industry.

The two firms proposed to apply an anti-dumping tax on investigated goods of 20.22 per cent for Chinese-originated goods, 20.35 per cent for imported goods from Thailand and 15.12 per cent for goods of Malaysian origin.

After initiating the investigation, MoIT will send the questionnaires to related parties to collect information.

If necessary, based on preliminary investigations, the MoIT may apply temporary anti-dumping measures to prevent significant damage to the industry.

The ministry may apply anti-dumping duties retroactive for goods subject to tax within 90 days prior to the application of temporary anti-dumping duties.

The ministry recommends that organisations and individuals in the process of signing import contracts or involved in distribution, business and use of investigated goods should be aware of the possibility of temporary anti-dumping taxes and retroactive anti-dumping duties.

This is the third anti-dumping investigation this year initiated by Viet Nam.

Prior to this, MoIT also announced temporary anti-dumping duties on aluminum products originating from China and some wood fiber products and other wood-based materials originating from Thailand and Malaysia. — VNS