The Ministry of Industry and Trade will apply anti-dumping tax on Sorbitol product imported from China, India and Indonesia. (Photo: vcci.com.vn)
Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) has decided to impose an anti-dumping tax ranging between 39.63-68.5 percent on sorbitol imports from China, India and Indonesia.
The MoIT started the anti-dumping investigation in December 2020 based on the assessment results of dossiers submitted by the domestic industry in September 2020, requesting for the imposition of anti-dumping measures against these products.
During the seven months of preliminary investigation, the MoIT has coordinated with relevant agencies to carefully evaluate the allegations, including dumping acts by exporters of China, India and Indonesia and damage to the Sorbitol production industry of Vietnam.
The investigation results indicated that the volume of dumped sorbitol imports increased in the period from April 1, 2017 to March 31, 2020, causing pressure on the operation of the domestic manufacturing industry. It was reflected in such criteria as output, capacity utilisation, inventory, market share, domestic sales and revenue, profit and ability to raise capital.
During the investigation period, these indexes showed a downward trend compared to the previous time.
In the coming time, in order to come to a final conclusion on the case, the ministry will continue to work with relevant parties to collect information to assess the comprehensive impact of the case on related parties, including end consumers. The investigation is expected to be finished in the third quarter of 2021.
Sorbitol, also known as glucitol, is generated from refined glucose under high temperature and pressure, hydrogenated with nickel, which is often used in medicine production, food and cosmetic industry./.
The MoIT started the anti-dumping investigation in December 2020 based on the assessment results of dossiers submitted by the domestic industry in September 2020, requesting for the imposition of anti-dumping measures against these products.
During the seven months of preliminary investigation, the MoIT has coordinated with relevant agencies to carefully evaluate the allegations, including dumping acts by exporters of China, India and Indonesia and damage to the Sorbitol production industry of Vietnam.
The investigation results indicated that the volume of dumped sorbitol imports increased in the period from April 1, 2017 to March 31, 2020, causing pressure on the operation of the domestic manufacturing industry. It was reflected in such criteria as output, capacity utilisation, inventory, market share, domestic sales and revenue, profit and ability to raise capital.
During the investigation period, these indexes showed a downward trend compared to the previous time.
In the coming time, in order to come to a final conclusion on the case, the ministry will continue to work with relevant parties to collect information to assess the comprehensive impact of the case on related parties, including end consumers. The investigation is expected to be finished in the third quarter of 2021.
Sorbitol, also known as glucitol, is generated from refined glucose under high temperature and pressure, hydrogenated with nickel, which is often used in medicine production, food and cosmetic industry./.
VNA
