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Thursday, May 23, 2024

Vietnamese plywood businesses seek help

The Saigon Times

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HCMC – Vietnamese plywood businesses are reaching out to the Ministry of Industry and Trade for assistance amid concerns over a potential higher anti-dumping duty in South Korea on plywood imports from Vietnam.

The Vietnam Plywood Association has formally requested the ministry’s support to maintain the current anti-dumping duty of 10.54%, urging the Trade Remedies Authority to work with South Korean authorities to facilitate Vietnam’s continued exports to this market.

The association’s petition follows indications that the anti-dumping duty on plywood exports to South Korea might soar from 4.1% to 13.04%. South Korea has initiated an anti-dumping investigation into plywood imports from Vietnam for the 2020-2023 period.

South Korea is among Vietnam’s top four plywood buyers, with Vietnamese plywood exports to South Korea exceeding US$201 million in 2023, accounting for 29% in volume and 22.7% in value of the total plywood export revenue.

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