HÀ NỘI — Local steel makers should follow laws and requirements on origin when exporting their products to the US. That’s the message from Hồ Nghĩa Dũng, chairman of Việt Nam Steel Association (VSA) after the US Department of Commerce (DoC) decided to levy import tax on steel produced in Việt Nam using Chinese-origin substrate.
The Ministry of Industry and Trade (MoIT) is working with steel businesses to handle procedures required by the US Department of Commerce (DoC) to seek exemption from duties by proving their products are not made from Chinese materials.
It is part of the expansion of its production capacity of online TCO (transparent conductive oxide) coated glass to support the growing solar market. Accordingly, the remainder of the US$365 million will be used to develop a new glass production facility in the US over the next three years.
Encouraging investment in infrastructure in the form of public-private-partnership (PPP) is necessary to tap into domestic and foreign capital sources and technology, said Deputy Minister of Planning and Investment Vu Dai Thang.