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Six Vietnamese producers and exporters of passenger vehicle tires namely Sailun, Kenda Rubber, Bridgeston, Kumho Tire, and Yokohama Rubber, which account for over 95% of tire exports to the U.S., were found to not dump following an investigation by the Department of Commerce. The dumping rate for Viet Nam-wide entity is at 22.3%.
The decisions have created advantages for the sector amid fierce competition from China and Thailand. The rubber sector also benefits from the decisions as a large number of its products are used to make tyres.
The DOC is expected to issue its final decisions on May 14 this year.
The U.S. imported nearly US$ 4 billion worth of tires from the four economies in 2019, with US$ 469.64 million from Viet Nam./.
By Khanh Phuong