Department of Commerce Final Decision in Review of the Non-Market Economy Status of Vietnam

FOR IMMEDIATE RELEASE
Friday, August 2, 2024
Contact: Office of Public Affairs
Email: [email protected]
Phone: 202-482-3809

Today, the U.S. Department of Commerce (Commerce) announced its determination that Vietnam will continue to be classified as a non-market economy (NME) country for purposes of calculating U.S. antidumping duties (ADs) on imports from Vietnam. This finding means that the methodology used in calculating U.S. antidumping duties on imports from Vietnam remains the same. <_o3a_p>

Public comment is a hallmark of Commerce's trade remedy process. As part of this proceeding, Commerce received over 36,000 pages of comments from U.S. domestic industries as well as the Government of Vietnam. Commerce appreciates and commends U.S. domestic industries as well as Government of Vietnam's extensive participation in Commerce's transparent, quasi-judicial process. This determination was based on a thorough evaluation of all the comments submitted. <_o3a_p>

Commerce's NME methodology is an important tool used to ensure that Commerce's dumping calculations reflect economic realities in the market and that U.S. industries get the relief from unfair imports that they are entitled to under the law. Despite Vietnam's substantive reforms made over the past 20 years, the extensive government involvement in Vietnam's economy distorts Vietnamese prices and costs and ultimately render them unusable for the purpose of calculating U.S. antidumping duties. Commerce will continue to use market-based prices and costs from a country at a comparable level of economic development to Vietnam that produces comparable merchandiseto calculate ADs. <_o3a_p>

This public decision can be found by referring to case number A-552-833 in Commerce's Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS) at access.trade.gov. <_o3a_p>