Vietnam introduces anti-dumping duties on Chinese aluminum products
Vietnam has imposed anti-dumping duties on some aluminum products from China, just months after similar measures targeting steel products, as the Southeast Asian nation hopes to reduce its ever-growing trade deficit with its giant neighbor.
An investigation launched in January found that Chinese dumping operations have severely damaged domestic aluminum producers and some had to suspend production, the Vietnamese Ministry of Industry and Trade said.
Fees range from 2.49 to 35.58 percent and are effective for five years starting September 28, the government said on its website on Wednesday.
The Ministry of Aluminum added that imports of aluminum from China almost doubled last year to at least 62,000 tons. This figure excludes the amount of aluminum in transit that passed through Vietnam.
In June, Vietnam introduced anti-dumping duties ranging from 3.45 to 34.27 percent on some types of Chinese steel products.
Vietnam's trade deficit with China in the first eight months of this year widened to $ 25.11 billion (Kyat 38.34 trillion) from $ 17.23 billion a year earlier.