US cuts down anti-dumping duties on Vietnam’s honey by almost sevenfold
The US Department of Commerce (DOC) has slashed the anti-dumping duties on Vietnam’s honey exporters by almost sevenfold compared to its preliminary conclusions, according to the Vietnamese Ministry of Industry and Trade (MoIT).
The US' anti-dumping duties on Vietnam's honey exporters have been cut by almost sevenfold. (Photo: VNA)
Hanoi (VNA) – The USDepartment of Commerce (DOC) has slashed the anti-dumping duties on Vietnam’shoney exporters by almost sevenfold compared to its preliminary conclusions, according to theVietnamese Ministry of Industry and Trade (MoIT).
This is part of the DOC’sfinal conclusions on tax rates in the anti-dumping investigation against honey imported from Argentina, Brazil, India, and Vietnam.
Accordingly, the anti-dumpingduties on Vietnamese businesses were cut down to 58.74 - 61.27 percent from410.93 - 413.99 percent in the preliminary conclusions.
This will help Vietnam’shoney industry maintain export to the US, the MoIT said, noting that it welcomesthe DOC listening to relevant parties’ opinions and adjusting part of itscalculation methodology.
However, the MoIT held thatthis result has yet to truly reflect Vietnam’s honey production and export.
In the US, there are twoagencies taking part in an anti-dumping probe, namely the DOC that determinesanti-dumping duties and the International Trade Commission (ITC) that assesses damagesuffered by domestic industries.
Anti-dumping measures willofficially come into force on the basis of final conclusions on anti-dumpingduties and losses to domestic industries in the US.
The ITC is investigating thelosses to the US’s honey industry and expected to issue final conclusions on May23.
Vietnam exported 56,133tonnes of honey worth about 82.1 million USD to the US in 2021, accordingto the ITC.
The MoIT said in the time ahead,it will continue working with relevant ministries and sectors, the VietnamBeekeeperss Association, and exporters to keep sharing information with the USagencies in the following stages of investigation in order to help Vietnam’shoney industry be treated equally in this case as in line with regulations ofthe World Trade Organisation./.
The US Department of Commerce (DOC) has officially begun an anti-dumping investigation into honey imported from Argentina, Brazil, Ukraine, and Vietnam, the Trade Remedies Authority of Vietnam has announced.
The US Department of Commerce (DOC) has postponed the preliminary determination of the anti-dumping investigations of raw honey originated from Argentina, Brazil, Ukraine, India and Vietnam.
Vietnam’s honey products are different from those produced in the US so they do not cause damage to the US’s apiculture sector, Deputy Director of the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam Pham Chau Giang said at the Vietnam – US Trade Forum 2021 which was held both online and offline on December 7.
The US's plan to impose an anti-dumping tariff of up to 400 percent against imported Vietnamese raw honey products would pose very negative impacts on Vietnam's beekeeping industry, of which the US has been the prime import market, said spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang.
While more than 85 percent of the local honey exports go to the US, Vietnam is at risk of losing the market due to the possible highest tax ever in an anti-dumping case.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
The US' anti-dumping duties on Vietnam's honey exporters have been cut by almost sevenfold. (Photo: VNA) 
