Packaging of honey at a factory in the southern province of Đồng Nai. — VNA/VNS Photo
The United States Department of Commerce (DOC) has announced the initiation of a second administrative review of the anti-dumping duty order for Vietnamese honey, according to the Trade Remedies Authority under the Ministry of Industry and Trade (MoIT).
The review list will include businesses exporting honey to the US market. Any firm which finds itself on this list that did not export honey to the US during the review period must notify the US Department of Commerce within 30 days of the date of the notice of initiation of the review if any shipments are suspended for consideration.
Within 35 days from the date of announcing the initiation of the review set for September 2, the DOC will move to conduct the selection of enterprises as compulsory defendants in the case based on the export volume of businesses from high to low, according to data compiled by the US Customs and Border Protection (CPB).
Within 90 days from the date of initiation of the review slated for October 27, parties can move to withdraw their request for review.
For countries that the US considers to be non-market economies such as Việt Nam, to enjoy separate tax rates, businesses must apply for separate tax rates within 30 days from the date of the notice of initiation of review slated for August 28.
If the enterprise does not apply for a separate tax rate and is not selected as a mandatory defendant, the firm will instead be subject to the national tax rate.
The DOC will issue its final review results no later than June 30, 2025.
To ensure the legitimate rights of enterprises, the Trade Remedies Authority recommends that firms either producing or exporting related products continue to stay updated on the developments of the case, properly and fully implement the requirements of the US investigation agency, and closely coordinate with authorities throughout the process of dealing with the case.
In late 2021 the DOC issued preliminary conclusions on anti-dumping investigations into Vietnamese honey and moved to impose anti-dumping duties of 410.93 per cent to 413.99 per cent on products.
The implementation of sky-high anti-dumping duties left Vietnamese honey exporters in shock, causing honey exports to plummet. On April 8, 2022, the anti-dumping duties applied to Vietnamese companies fell within a range of 58.74 per cent to 61.27 per cent. — VNS