Firms advised to stay cautious despite US’s tariffs exemption on solar panels
The Trade Remedies Authority has recommended businesses stay cautious after US President Joe Biden's announcement on June 6 on tariff exemption for solar panels imported from Vietnam, Cambodia, Malaysia and Thailand, urging them to continue to review their export of products subject to the US’s anti-circumvention investigation.
Hanoi (VNA) – The Trade Remedies Authority hasrecommended businesses stay cautious after US President Joe Biden's announcement on June 6 on tariff exemption for solar panels imported from Vietnam, Cambodia, Malaysia and Thailand, urging them to continue to review their export of products subject to theUS’s anti-circumvention investigation.
The exporters should carefully study related regulations andprocedures, and seriously and fullycomply with the requirements made by US investigation agency as well as closelycoordinate with the Vietnamese authority throughout the course of the case, itnoted.
On June 6, US President Joe Biden also declared a state of emergency related to a shortage of domestic supply of solar cells and modules for solar power generation. He authorised the Secretary of Commerce to consider appropriate action allowing a 24-month tariff exemption for solar panels imported from Vietnam, Cambodia, Malaysia and Thailand. The move aimed to ensure the US has access to a sufficient supply of solar modules to meet electricity generation needs while domestic manufacturing scales up.
Earlier, in March, the US Department of Commerce (DOC) beganan investigation to determine if solar cells and modules imported from thefour Southeast Asian nations are circumventing existing antidumping andcountervailing tariffs on those from China.
According to the Trade Remedies Authority of Vietnam, thecase is still underway, with no official conclusion issued yet. Therefore, theUS’s anti-dumping and anti-subsidy measures are not imposed on products importedfrom Vietnam at the moment.
If a decision on imposing these measures is made,the application will be possibly postponed to June 6, 2024 or until the state of emergency is lifted (whichever comesfirst)./.
The US Department of Commerce (DOC) has issued a positive conclusion for Vietnam in the anti-dumping and countervailing duty probes into imported automobile tyres.
The US Department of Commerce (DOC) is likely to continue applying anti-dumping duties on polyethylene (PE) retail carrier bags imported from Vietnam and some other countries, according to the Trade Remedies Authority under the Ministry of Industry and Trade (MoIT).
The US Department of Commerce (DOC) has announced the extension of deadline for issuing the final conclusion on the anti-dumping and anti-subsidy tax evasion investigation into hardwood plywood imported from Vietnam, according to the Ministry of Industry and Trade (MoIT).
US President Joe Biden on June 6 declared a 24-month tariff exemption for solar panels manufactured in four Southeast Asian countries, including Vietnam, in an effort to promote clean energy production in the country.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
At a solar power project in Vietnam (Photo: VNA) 
