Vietnam launches anti-dumping investigation into polyester filament yarn

13/04/2020 12:00 - 423 Views

Vietnam’s Ministry of Industry and Trade has launched an anti-dumping investigation into polyester filament yarn (PFY) from China, India, Indonesia and Malaysia.

The move came following a complaint submitted on November 7, 2019, by an association of Vietnamese manufacturers which accounts for nearly two thirds of domestic output.

According to the complaint, imports of PFY from the above-mentioned countries have increased sharply recently, which is the main cause of the significant losses in Vietnam’s PFY manufacturing industry.

Customs data showed PFY imports to Vietnam rose from 154,000 tonnes in 2017 to 185,000 tonnes in 2019.

The total annual capacity of domestic PFY manufacturers is estimated at 350,000 tonnes, which is sufficient to meet domestic demand at around 270,000 tonnes a year.

PFY is mainly used in manufacturing fabric for the clothing industry, along with polyester staple fibre and natural fibre, mainly cotton.

During its investigation, the Ministry of Industry will assess the socio-economic impacts in order to ensure the legitimate rights and interests of importers, PFY users and the domestic PFY industry.

Source: Nhan Dan