Taiwan to impose 5-year anti-dumping duty on Vietnam cement

Taipei, July 22 (CNA) The Ministry of Finance's (MOF) Customs Administration said Tuesday that it will impose an anti-dumping duty on Portland cement and clinker from Vietnam for five years beginning July 28.

In a news release, the agency said that cement products imported from Long Son Company Limited and its affiliate, Long Son Industrials Company Limited, will face a tariff rate of 13.59 percent.

Thang Long Cement Joint Stock Company will be taxed at 19.25 percent, while Vissai Ninh Binh Joint Stock Company, Xuan Thanh Cement Joint Stock Company, and Vicem Ha Tien Cement Joint Stock Company - Vicem Ha Tien Cement Sales & Services Enterprise will be subject to a 14.82 percent rate.

All other Vietnamese manufacturers and exporters will be taxed at 23.2 percent.

The decision was jointly finalized by the Ministry of Finance (MOF) and the Ministry of Economic Affairs (MOEA), confirming that the Vietnamese companies had engaged in dumping and caused substantial harm to local Taiwanese producers, the administration said.

The MOEA also found no sufficient evidence indicating that the duties would have a markedly negative impact on Vietnam's overall economic benefits, according to the agency's release.

To qualify for the individual duty rates, Taiwanese importers must submit documentation identifying the exporter or manufacturer for customs review, the agency said. Otherwise, the highest specified rate will apply.

An investigation on Vietnamese cement dumping was launched in August 2024, after the Taiwan Cement Industry Association applied for anti-dumping duties, citing suspected dumping and harm to domestic industries.

Meanwhile, the Customs Administration announced that anti-dumping duties on carbon steel plates from Ukraine will continue to be suspended, taking into account the impact on the country's overall economic interests.

This policy, first implemented on Aug. 29, 2023, will remain in effect until Sep. 13, 2026.

Anti-dumping duties on the products were originally in place for Brazil, China, India, Indonesia, South Korea and Ukraine from Sep. 14, 2022.