According to the Trade Remedy Bureau of the Ministry of Industry and Trade of Vietnam, the US Department of Commerce (DOC) continues to extend the time for the final conclusion of the anti-tax evasion and anti-dumping investigation on plywood using hardwood material imported from Vietnam.

The US Department of Commerce will issue its final conclusions on July 14, 2023. This is the eighth time the Commerce Department has delayed issuing its final conclusion.

Previously, the US Department of Commerce announced the preliminary conclusion of the case in July 2022, saying that if the wood panel inside the Vietnamese hardwood plywood was imported from China it will impose antidumping and countervailing duties on the plywood.

According to the Trade Remedy Administration of Vietnam the temporary tax rate could be as high as 378.26%. However, the US Commerce Department allowed Vietnamese companies cooperating with the investigation to self-certify that they do not use Chinese materials to avoid being subject to the measures.

Statistics show that the exports of enterprises participating in self-certification accounted for about 80% of Vietnam's exports during the survey period.