Vietnam imposes anti-dumping tax on imported vegetable oil
The decision to apply safeguard measures officially takes effect 15 days after the date of signing (ie September 7, 2013).
According to the Competition Management Department (Ministry of Industry and Trade), on August 23, 2013, the Minister of Industry and Trade signed a Decision to officially apply safeguard measures on vegetable oils, specifically refined soybean oil and refined palm oil with HS codes: 1507.90.90, 1511.90.91, 1511.90.92, 1511.90.99 imported into Vietnam from different countries/territories.
The development of the investigation to apply safeguard measures and anti-dumping tax on imported vegetable oil products originated from the application of temporary safeguard measures by Vietnam Vegetable Oils Industry Corporation (Vicarimex) on imported cooking oil.
The official safeguard tax rate is applied according to the roadmap.
Immediately after receiving the petition, the investigation agency issued an official dispatch confirming that the plaintiff's dossier was valid according to the provisions of law. On December 26, 2012, the Minister of Industry and Trade issued a decision to conduct an investigation to apply global safeguard measures to the goods subject to the investigation. On December 27, 2012, the Investigation Decision and the investigation questionnaire were sent to the relevant parties. The deadline for the relevant parties to respond to the investigation questionnaire is February 18, 2013.
Based on the research and review of all information provided by the relevant parties, on April 22, 2013, the Competition Management Department issued a preliminary report on the case. From May 13 to 31, 2013, the Competition Management Department conducted on-site inspections of domestic vegetable oil producers and importers of goods subject to investigation.
The investigation showed that the consumption of refined vegetable oil in Vietnam increased continuously over the past 4 years (2009 - 2012), from 100 (index 100) tons in 2009 to 137.94 (index 100) tons in 2012, an increase of 28% compared to 2009.
In contrast to the increasing trend of domestic consumption of the goods under investigation, the sales volume of the domestic manufacturing industry has seriously declined, causing the market share of the domestic manufacturing industry to decrease from 52% in 2009 to 27% in 2012.
Meanwhile, in the 3 years (from 2009 to 2011), the market share of imported goods and domestic goods was always at the same level in the Vietnamese market, domestic and imported goods both accounted for about 50% of the market. However, in 2012, along with the decline in output of the domestic industry, the market share also changed dramatically. Corresponding to the decline in market share of the domestic industry was the increase in market share of imported goods over the years, especially increasing from 48% to 73% in this period.
Based on the information provided by the parties involved and the analysis of the officers investigating this case, the Investigation Agency assessed that domestic vegetable oil production enterprises accounted for more than 50% of the total output of the entire industry. Domestically produced goods are similar to imported goods.
The volume of refined soybean oil and palm oil imported into Vietnam increased, both in absolute and relative terms, during the investigation period, resulting in the domestic vegetable oil industry suffering injury such as a decrease in market share, domestic sales, output, capacity, revenue, profits and employment in 2012. The increase in imports was the main cause of the injury caused to the domestic industry.
The Competition Management Department (Ministry of Industry and Trade) also added that the Decision to apply safeguard measures officially takes effect 15 days after the date of signing (ie September 7, 2013). This Decision replaces Decision No. 2564/QD-BCT dated April 22, 2013 on the application of temporary safeguard measures./.
According to (VOV.VN) - LC
