Illustrative image (Source: vneconomy.vn) During its investigation, the MoIT strictly followedthe provisions set out in the Law on Foreign Trade Management, other relatedregulations, and the Anti-Dumping Agreement under the World Trade Organisation(WTO).
The findings of the investigation indicated that the amountof some types of welding materials imported into the nation from thethree countries rose sharply compared to the total domestic consumption andproduction quantities, thereby causing significant damage to the domesticindustry.
At present, stainless steel welding rods and wires make up one of the most important industrial sectors with a capacity of 6,000 tonnes and 66,000 tonnes, respectively, therebymeeting domestic demand, according to the MoIT.
Meanwhile, welding material production are among the supportingindustries receiving priority for expansion following the Government DecisionNo. 115/NQ-CP.
The Trade Remedies Authority of Vietnam emphasised thatthe MoIT will continue to work with relevant units in order to collectinformation to assess the case’s comprehensive impact on concerned parties andcome up with a final conclusion in the near future./.
VNA
