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Vietnam plywood uses materials from China, subject to tax up to nearly 200%,august,2022

The US Department of Commerce has just made preliminary conclusions that a number of Vietnamese plywood products (plywood) have imported main materials from China for the purpose of avoiding anti-dumping duties and therefore these products will be subject to an anti-dumping tax rate of up to 200% as the US is applying to China.

The tax calculation for these products imported from Vietnam will be calculated from June 17, 2020 (the date of the notification of the initiation of the investigation), according to a notice of the US Department of Commerce (DOC) dated 29/ 7 on The Federal Register site.

Plywood (plywood), also known as plywood using hardwood materials, is a product made from layers of peeled wood, glued together, and then covered with one or two layers of hardwood boards on the surface.

Currently, the United States is applying anti-dumping duty and anti-subsidy tax on this Chinese product, with an anti-dumping duty of 183.36% and an anti-subsidy tax of 22.98% to 194. ,90%.

The preliminary conclusion of the DOC is that, if plywood from Vietnam has a core using peeled boards imported from China, it will be subject to anti-dumping and anti-subsidy tax as applied to imported plywood. import from China.

According to the Coalition for Fair Trade in Hardwood Plywood, the U.S. Department of Commerce makes its decision on a national basis, which means it applies to all all plywood products exported from Vietnam.

The union said the DOC’s conclusion was a “major victory in trade lawsuits against unfair imports from Vietnam, which has been on the rise in recent years”.

Based on this preliminary finding, the DOC will recommend that U.S. Customs and Border Protection (CBP) continue to suspend liquidity and require importers to pay a deposit equal to the provisional anti-circumvention tax rate for the company. with shipments imported from Vietnam into the United States from June 17, 2020 for cases subject to the measure.

The cash deposit applied to plywood products imported into the US subject to anti-dumping duty will be 183.36% and for products subject to anti-subsidy tax from 22.98% to 194.90%, unless the The company provides evidence that its products are not subject to this tax.

In contrast, plywood from Vietnam, if it has a core using peeled boards manufactured in Vietnam or in other countries, will not be subject to anti-dumping and anti-subsidy tax.

The US Department of Commerce also concluded that 22 Vietnamese companies did not cooperate and 14 companies did not respond to the department during the investigation.

The DOC also allows Vietnamese exporters and US importers participating in the self-certification scheme to be excluded from circumvention. This self-certification mechanism will not apply to businesses that the DOC assesses as failing to provide information or providing incomplete or inaccurate information as requested by the DOC during the investigation.

Therefore, the 36 Vietnamese companies mentioned above will probably not be allowed to participate in the process of obtaining certificates of origin.

The Trade Remedies Authority of Vietnam’s Ministry of Industry and Trade has not yet responded to VOA’s request for comment on the matter.

According to US customs statistics, the export turnover of plywood using Vietnam’s hardwood materials to the US continuously increased from 112.3 million USD in 2018 to 226.4 million USD in 2019; reaching $248.5 million in 2020 and $356.7 million in 2021.

Mr. Ngo Sy Hoai, Vice President and General Secretary of the Vietnam Timber and Forest Products Association said that the country’s wood industry is facing more and more cases related to trade remedies.

“The frequency of warnings and initiation of investigations has increased, and the damage that Vietnamese businesses have suffered is getting bigger and bigger,” he was quoted as saying by VietnamPlus.

Vietnamese media on August 17 reported that in recent months, the wood industry is facing a decline in orders, leading to the possibility of no growth or very low growth, and thus the completion of the target exporting 16.5 billion dollars in 2022 is very difficult.

The United States is currently the main export market of Vietnam’s wood and products, accounting for over 60% of export turnover. However, the export turnover to this market is decelerating, with the export turnover of wood and forest products to the US market by the end of July 2022, reaching just over US$5.84 billion, down nearly 5% over the same period in 2021.

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