MoIT to remove safeguards on colour-coated iron
MoIT to remove safeguards on colour-coated iron
The Ministry of Industry and Trade (MoIT) has decided to lift safeguard measures from imports of colour-coated iron for nine enterprises.
On May 31, 2017, the MoIT issued Decision No 1931/QD-BCT applying safeguards on colour-coated iron sheets imported from various countries and territories.
Since the decision, the MoIT’s Viet Nam Competition Authority (VCA) has received dossiers requesting exemptions of safeguard measures on imported high-quality colour-coated iron for production purposes.
After appraising the dossiers, the MoIT chose to exempt safeguard measures on the imports for nine enterprises, including Panasonic Viet Nam Company Limited, LG Electronics Viet Nam Hai Phong Company Limited, Hoa Phat Refrigeration Engineering Company Limited, Samsung Electronics HCMC CE Complex Company Limited, Viettronics Tan Binh Joint Stock Company, Aqua Electrical Appliances Viet Nam Company Limited, Dong Anh Investment Construction and Building Materials Joint Stock Company, Viet Nam Pride Construction Investment Company Limited and Metal Viet Nam Joint Stock Company.
Enterprises exempted from safeguards must submit reports on the imports to the VCA within the first 15 days of the following quarter.
If the enterprises fail to send reports on time to VCA, the MoIT will revoke the exemption.
