Economy In Ho Chi Minh City With Release of Vietnam GDP Figures
HANOI: Vietnam has imposed anti-dumping measures on some wind turbine towers imported from China, according to the Industry and Trade Ministry (MoIT).
The measures outlined by MoIT will last for five years.
The ministry said the anti-dumping measures were the appropriate response to dumped imports and parts of Vietnam’s efforts to address the harm caused to its domestic industries.
An investigation by the Vietnamese Trade Remedies Authority has concluded that some Chinese exporters had sold wind turbine towers in Vietnam at unfairly low prices.
These imports, when brought in as components of wind-powered generator systems, were found to be undermining the domestic market.
Wind turbine towers are critical parts of wind-powered generator systems.
They connect the tower base to the nacelle housing the turbine, supporting the turbine and blades while bearing operational loads. These towers typically account for 5% to 7% of the total value of a complete system.
The authority stressed the importance of the competitive strength of Vietnam’s domestic wind turbine tower industry as a key manufacturer, part of one of the world’s leading production groups, accounts for 15% of global wind power capacity.
Vietnamese companies have exported large quantities of products to major markets such as the United States, Canada, Britain, Germany, the Netherlands, Sweden, Australia, Japan and South Korea.
Evidence gathered during the investigation has shown dumped Chinese imports severely undermined Vietnamese domestic industries.
Indicators such as production output, market share, sales volume, revenue, profits, and industry employment fell to their lowest level during the period under investigation.
The measures are to come into effect 15 days after the issuance of the Decision, dated Dec 24.
In addition, wind turbine towers imported from other countries or regions are not subject to this decision. — Viet Nam News/ANN
