The Ministry of Industry and Trade has issued a decision on investigating anti-dumping duties on polyester filament yarn (PFY) with HS codes: 5402.33.00, 5402.46.00 and 5402.47.00 originating from China, India, Indonesia and Malaysia.
The investigation was conducted based on a 2019 request from the domestic manufacturing industry, which accounted for 67.4 percent of the total domestic production.
|The garment-textile sector will be supported to make effective use of free trade agreements that Vietnam has signed. (Photo: VNA)
According to General Department of Vietnam Customs, the amount of PFY imported into Vietnam rose to 185,000 tonnes in 2019 from 154,000 tonnes in 2017. The sharp increase is considered a major cause of significant damage to Vietnam's PFY manufacturing industry.
During the investigation, the ministry will continue to assess the socio-economic impact to ensure the legitimate rights and interests of importers, consumers, and domestic polyester filament yarn manufacturers.
The ministry will also support the garment-textile sector to make effective use of free trade agreements that Vietnam has signed and meet requirements on the rules of origin.VNA