In an August 1, 2024 determination totaling 284 pages, the Department of Commerce (Commerce) announced it would continue to classify Vietnam as a non-market economy country in antidumping duty (AD) proceedings, despite praising Vietnam for “impressive reforms and economic growth” over the past 20 years. In a press release issued the day after its determination, Commerce noted that “extensive government involvement in Vietnam’s economy distorts Vietnamese prices and costs and ultimately render them unusable.” Based on this finding, Commerce “will continue to use market-based prices and costs from a country at a comparable level of economic development to Vietnam that produces comparable merchandise to calculate ADs.” This methodology generally results in higher ADs.
