Australia decides not to impose anti-dumping duties on ammonium nitrate from Vietnam

The Anti-Dumping Commission of Australia (ADC) has officially concluded its investigation and decided not to impose anti-dumping duties on ammonium nitrate products originating from Lithuania and Vietnam, the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam (TRAV) has announced.
Australia decides not to impose anti-dumping duties on ammonium nitrate from Vietnam ảnh 1Information about the case is published on ADC's website (Photo: VNA)

Hanoi (VNA) – The Anti-Dumping Commission of Australia (ADC) has officiallyconcluded its investigation and decided not to impose anti-dumping duties on ammoniumnitrate products originating from Lithuania and Vietnam, the Ministry of Industry and Trade’sTrade Remedies Authority of Vietnam (TRAV) has announced.

In this case, Vietnamese manufacturers and exporterscooperated fully with and provided the required data and information for theADC, significantly contributing to the positive outcome of the case.

TRAVsaid Australia's trade remedy investigation activities were also assessed asfairly objective and transparent, with comprehensive consideration of theinformation and data provided by Vietnam. This provides an opportunity for the Vietnamese product to be exported to this market again.

Earlier,the ADC reported that ammonium nitrate products were to be subject to dumpingduring the investigation period from April 1, 2021 to March 31, 2022.

According to the Trade Remedies Authority ofVietnam, ammonium nitrate products imported from Lithuania and Vietnam accountfor approximately 0.8% and 0.2% of the total market share in Australia,respectively.

Previously, the case was initiated by the ADC on June 8,2022, involving Chile, Lithuania, and Vietnam. In August 2022, the ADCannounced the termination of the investigation into Chile as the country didnot export ammonium nitrate during the investigation period.

As scheduled, the deadline for submitting comments on theStatement of Essential Facts (SEF) is within 20 days from the publication dateof the SEF (expected to be June 19, 2023).

The final investigation report was issued on August 8. TheMinister for Industry, Science, Energy, and Resources of Australia will make anofficial decision (expected) within 30 days from the date of receiving thefinal investigation report.

Documentsand information related to the case are posted by the ADC at the followingaddress:https://www.industry.gov.au/regulations-and-standards/anti-dumping-and-countervailing-system/anti-dumping-commission-current-cases/605./.

VNA

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.