According to the Trade Remedies Authority in the Ministry of Industry and Trade (MoIT), an anti-dumping investigation on MDF imported from Thailand and Malaysia was initiated in October last year, a first in Vietnam’s timber industry.
This investigation was the result of complaints from four Vietnamese MDF manufacturers on behalf of the domestic industry. The technical dossier claimed dumping and damage to local companies. The Vietnamese firms claimed that the price of imported MDF from Thailand and Malaysia was below production cost by between 18-50% which was damaging the domestic MDF industry.
The Trade Remedies Authority sent questionnaires to local companies and required a reply by mid-July, 2019 after which an assessment from the Ministry will be given.
This is a first time that the Vietnam’s timber industry has raised a trade conflict to protect the local industry.
The Department of Customs reported that Vietnam’s wood products exports in the first 6 months of 2019 were worth US$4.82 billion, up 16.6 per cent over the same period last year. Among the top 5 export markets were the US, Japan, China, South Korea and the EU. Exports to China and South Korea declined by 30% and 13% respectively. For the first 6 months of 2019, wood product imports were valued at US$1.233 billion, up 15% in comparison to the same period of 2018. Vietnam had a trade value surplus of US$3.586 billion in wood products in the first 6 months of 2019.
Source: ITTO TTM Report