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Postponement of anti dumping duties on solar panels from Vietnam to come to an end in June

A postponement of antidumping duties on solar panels entering the US from Vietnam will come to an end in June, the White House has said. The postponement was put in place in June of 2022 by the US President after the Department of Commerce found that Chinese solar panel producers were using Vietnam, Cambodia, Thailand and Malaysia as intermediaries to get around US import duties.

Of note, in a Department of Commerce hearing a couple of weeks ago, the core argument made by opponents of Vietnam’s redesignation as a market economy, was that Vietnam was being used as a conduit for Chinese goods looking to circumvent US trade restrictions. In this context, this latest development, especially in an election year, could speak to the thinking at the White House on the matter, in that it may not want to be seen as allowing this sort of thing to happen and, by extension, may also not want to be seen as supporting Vietnam’s efforts to be designated a market economy.

Of course, politics should not be in play in the DOC’s investigation, but…

See also: Unpacked: Vietnam’s Non-Market Economy Review

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Vietnam shelves new coal power plant in southern Vietnam

Of note, it was announced at the beginning of June that Toyo had managed to secure a US$980 million loan from Exim Bank. This announcement, however, was met with some concern on account of the fact that Vietnam has signed up to a Just Energy Partnership Agreement worth US$15.5 billion to be used to reduce its dependence on coal…

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Vietnam CPI Tracker: 4.34 percent in June [data set]

Inflation has been relatively low in Vietnam compared to other parts of the world but this is largely due to government price controls. These lower prices, however, have come at a cost. Input prices, particularly in input dependent industries have risen, however, businesses in many industries have been unable to raise their pricing to compensate. As a result, many have seen their profit margins squeezed while others have had to run at a loss…

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Vietnam News Roundup: June 29 to July 4

This week’s Vietnam news roundup covers the latest tourism and industrial production numbers, the increase to the minimum wage that kicked in Monday, the new start dates for several key laws, approval of a Value-Added Tax reduction to the end of the year, foreign trader stock market transactions, and more…

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