US Launches Anti-Dumping and Anti-Subsidy Investigations into Vietnamese Plywood Imports

Strategic Insights -

The US Department of Commerce has initiated an investigation into hardwood and decorative plywood imports from Vietnam, following a petition by the US Coalition for Fair Trade in Hardwood Plywood. The probe targets products valued at over $400 million in 2022, with nearly 100 Vietnamese exporters alleged to have dumped goods into the US at margins ranging from 138.04% to 152.41%.

Key Takeaways:

  • The US Department of Commerce has initiated anti-dumping and anti-subsidy investigations into hardwood and decorative plywood products imported from Vietnam.
  • The investigation targets products valued at over $400 million in 2022, with nearly 100 Vietnamese exporters alleged to have dumped goods into the US.
  • The investigation period is from October 1, 2024 to March 3, 2025, while the injury investigation covers the period from 2022 to 2024.
  • The petitioner proposes Indonesia as the surrogate country, citing similarities in economic development and production structure.
  • The countervailing duty investigation will examine 26 alleged subsidy programmes provided by the Vietnamese government, including preferential credit, export and investment financial support, and import duty exemptions.
  • The three largest Vietnamese exporters of subject goods during 2024-2025 may include Trieu Thai Son, Greatwood, and Junma Phu Tho.
  • Affected firms are urged to closely watch the case and cooperate fully with US investigators while strengthening the effort to diversify markets and export products.

Statistics:

  • Vietnam exported around $401 million in 2022, $186 million in 2023, and $244 million in 2024, making Vietnam the second-largest exporter after Indonesia.
  • The alleged dumping margins range from 138.04% to 152.41%.
  • The investigation period is from October 1, 2024 to March 3, 2025.
  • The injury investigation covers the period from 2022 to 2024.

Sources:

  • Trade Remedies Authority of Vietnam
  • US International Trade Commission
  • Vietnam Timber and Forest Products Association
  • US Department of Commerce
  • US Coalition for Fair Trade in Hardwood Plywood