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If anti dumping duties are introduced Hoa Phat Steel, which trades on the Ho Chi Minh City Stock Exchange under the ticker HPG, would likely be one of the key beneficiaries. Stocks in the firm are some of the most heavily traded on a near daily basis among foreign investors. Foreign ownership in the firm is currently capped at 49 percent with 24.92 percent of the company’s shares currently held by foreign traders.
Steel has been at the centre of a number of antidumping investigations of late. Hot-rolled coil steel from China in particular has been possibly the most prominent, however, Vietnam has also started to feature particularly as a means of circumventing anti-dumping tariffs elsewhere. For example, earlier this month the EU extended anti-dumping measures on cold-rolled stainless steel from Indonesia to include Vietnam to avoid Indonesian steel producers from using the country as a workaround…
This hearing should just about cap off contributions from the parties involved with the Department of Commerce now set to deliberate with a report due July 26.
John Borton, a non-resident senior fellow at Johns Hopkins/SAIS Foreign Policy Institute, has written an opinion piece for the Geopolitical Monitor in which he argues for making Vietnam a market economy. Borton argues that: There would be bilateral benefits in market access and export opportunities; Other countries have already done
The American Shrimp Processors Association (ASPA) has said Vietnam should maintain its non-market economy status, and has made overtures to the US Department of Commerce (DOC) to that effect, according to a statement on its website. This is after a review of the country’s NME status was launched by the
The European Bicycle Manufacturers Association has raised concerns that Chinese electric bike makers are exporting their products through Vietnam to the EU to avoid antidumping duties, ASL is reporting. This could see the EU apply antidumping duties on electric bikes from Vietnam too. Using Vietnam to circumvent trade remedies has
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