India ends anti-dumping probe into solar cells from Vietnam, Thailand, China

By Nguyen Thuy
Mon, November 14, 2022 | 9:45 am GMT+7

India’s Ministry of Commerce and Industry has terminated an anti-dumping investigation into imports of solar cells from Vietnam, Thailand, and China following an Indian Solar Manufacturers Association request.

The ministry’s investigation arm Directorate General of Trade Remedies (DGTR) launched on May 15, 2021 a probe into alleged dumping of “solar cells whether or not assembled into modules or panels” exported from the three nations, following a complaint by the association.

“In view of the request made by the domestic industry, ISMA, the authority hereby terminates the investigation initiated on May 15, 2021 against the imports of solar cells whether or not assembled into modules or panels exported by these countries,” the DGTR said in a notification.

India’s anti-dumping rules of 1995 provide for the termination of a probe in certain situations which include withdrawal of application by the affected domestic industry at whose instance the investigation was initiated. For this case, the DGTR notification, dated November 9, said ISMA withdrew its application this July.

In the Indian government system, the DGTR is the body that recommends anti-dumping duties, while the Department of Revenue takes the final decision to impose them or not.

A solar power project of Trungnam Group in Thuan Bac district, Ninh Thuan province, south-central Vietnam. Photo courtesy of the company.

A solar power project of Trungnam Group in Thuan Bac district, Ninh Thuan province, south-central Vietnam. Photo courtesy of the company.

In the U.S. early this June, President Joe Biden decided to waive tariffs on solar panel imports from Vietnam, Cambodia, Thailand, and Malaysia for a 24-month period as part of his push for clean energy.

Then, Texas-based renewable energy developer Vesper Energy signed a deal late this September to buy 861-megawatt solar modules from Vietnam-headquartered manufacturer Boviet Solar. The imports will be used for Vesper’s solar and storage projects located in Texas and Ohio.

Earlier this September, Miami-headquartered solar energy developer Origis Energy signed an additional purchase order for more than 400 MW of capacity with Boviet Solar, following a 700 MW agreement the duo signed this July. Delivery of all solar modules ordered is slated for 2023.

In addition to Boviet, Vietnam is also home to major foreign makers of solar cells and panels like Shanghai-based JinkoSolar, First Solar from Tempe, Arizona, and Canada-headquartered Canadian Solar, which have made manufacturing in Vietnam an important part of their global production networks.

JinkoSolar, a global manufacturer, announced Sunday that renewable energy was now providing 51.3% of the power used by its facilities globally, with the company’s next objective being to reach 60% by the end of 2023. The current status includes its 12 factories in China, Malaysia, Vietnam, and the U.S. - they run on a mix of hydro, solar, and wind energy the company has either developed itself or purchased.

Comments (0)
  • Read More
Vinhomes unveils mega urban area project near northern Vietnam’s world heritage bay

Vinhomes unveils mega urban area project near northern Vietnam’s world heritage bay

Vinhomes, the real estate arm of Vietnam’s conglomerate Vingroup, has debuted its 6,200-hectare urban area project located near the UNESCO-recognized world natural heritage site of Ha Long Bay in Quang Ninh province.

Infrastructure - Tue, April 28, 2026 | 11:47 am GMT+7

Central Vietnam hub Danang deepens cooperation with Maersk on Lien Chieu port, logistics

Central Vietnam hub Danang deepens cooperation with Maersk on Lien Chieu port, logistics

Danang is stepping up cooperation with A.P. Moller-Maersk to accelerate the development of its Lien Chieu port and expand logistics capabilities, as the central Vietnam city seeks to strengthen its role in regional supply chains.

Infrastructure - Tue, April 28, 2026 | 8:00 am GMT+7

Sun Group starts work on Phan Thiet airport project in central Vietnam

Sun Group starts work on Phan Thiet airport project in central Vietnam

Vietnamese private conglomerate Sun Group on Monday broke ground on the civil aviation component of Phan Thiet Airport in Lam Dong, marking an infrastructure boost for the central province.

Infrastructure - Mon, April 27, 2026 | 11:53 pm GMT+7

HCMC okays projects totalling $1.23 bln at flagship hi-tech park

HCMC okays projects totalling $1.23 bln at flagship hi-tech park

Ho Chi Minh City authorities have granted investment registration certificates for four high-tech projects worth a combined $1.23 billion at the city's flagship innovation hub, reinforcing its position as a leading destination for digital and green economy investments.

Industries - Mon, April 27, 2026 | 5:47 pm GMT+7

Amkor eyes further expansion in Bac Ninh province as Vietnam's semiconductor push gathers pace

Amkor eyes further expansion in Bac Ninh province as Vietnam's semiconductor push gathers pace

Amkor Technology is looking to further invest in its major production base in Vietnam's northern province of Bac Ninh, underscoring growing confidence in the country’s role in the semiconductor supply chain.

Industries - Mon, April 27, 2026 | 5:40 pm GMT+7

Vietnam banks chase record profits despite tighter credit caps squeezing growth

Vietnam banks chase record profits despite tighter credit caps squeezing growth

Vietnam’s 2026 annual general meeting (AGM) season for banks is closing with a clear paradox: lenders are targeting record profits worth tens of trillions of dong (VND10 trillion = $379.38 million), while the key growth driver – credit expansion – is being tightened.

Banking - Mon, April 27, 2026 | 1:23 pm GMT+7

Goertek Vina injects extra $20 mln into northern Vietnam plant

Goertek Vina injects extra $20 mln into northern Vietnam plant

Goertek Technology Vina Company Limited, a subsidiary of Chinese electronics giant Goertek, plans to pour an additional over VND527 billion ($20 million) into its project in Vietnam's northern province of Bac Ninh.

Industries - Mon, April 27, 2026 | 1:04 pm GMT+7

SK Group eyes AI data center tied to $2 bln LNG power project in central Vietnam

SK Group eyes AI data center tied to $2 bln LNG power project in central Vietnam

South Korea’s SK Group is stepping up its presence in Vietnam with plans to develop an AI data center linked to the Quynh Lap LNG-to-power project in Nghe An province, as it pushes its “AI full-stack” strategy overseas.

Industries - Mon, April 27, 2026 | 9:45 am GMT+7

State divestment from Viglacera to be delayed

State divestment from Viglacera to be delayed

The Ministry of Construction will postpone plans to divest state capital from Viglacera (HoSE: VGC) - Vietnam's leading construction material producer and industrial real estate developer, citing valuation challenges and the need to safeguard state assets, a senior official said.

Companies - Mon, April 27, 2026 | 8:05 am GMT+7

Many Vietnamese firms post surging Q1 profits, some up dozens of times year-on-year

Many Vietnamese firms post surging Q1 profits, some up dozens of times year-on-year

First-quarter 2026 earnings at many Vietnamese companies rose sharply despite market volatility, with some firms reporting profits dozens of times higher than a year earlier.

Companies - Mon, April 27, 2026 | 8:00 am GMT+7

Central Vietnam province approves conversion of production forest land for Sun Group's $254 mln urban project

Central Vietnam province approves conversion of production forest land for Sun Group's $254 mln urban project

Authorities of Quang Ngai province have approved the conversion of nearly 83 hectares of production forest land for the development of an urban area project backed by real estate giant Sun Group.

Real Estate - Sun, April 26, 2026 | 1:46 pm GMT+7

Ex-banking tycoon Tram Be re-emerges in infrastructure projects in southern Vietnam

Ex-banking tycoon Tram Be re-emerges in infrastructure projects in southern Vietnam

Tram Be, once a famous banking tycoon in Vietnam, has resurfaced in the corporate arena, appearing as a representative of Ham Giang Construction Co. Ltd. at a working session with Vinh Long province authorities on Thursday.

Companies - Sun, April 26, 2026 | 8:09 am GMT+7

Techcombank keeps real estate bad debt below 1%, fully recovers principal: chairman

Techcombank keeps real estate bad debt below 1%, fully recovers principal: chairman

The chairman of Techcombank said the lender has maintained non-performing loans (NPLs) in the real estate segment below 1%, with full principal recovery even on impaired loans.

Banking - Sun, April 26, 2026 | 8:00 am GMT+7

Posco invests $282 mln in battery materials plant in northern Vietnam

Posco invests $282 mln in battery materials plant in northern Vietnam

South Korean conglomerate Posco will invest a $282 million battery materials project in Vietnam's northern province of Thai Nguyen, marking its first overseas project in the artificial graphite segment.

Industries - Sat, April 25, 2026 | 10:13 pm GMT+7

Hyundai Rotem eyes Vietnam's North-South high-speed railway project

Hyundai Rotem eyes Vietnam's North-South high-speed railway project

South Korea’s Hyundai Rotem is seeking to expand its footprint in Vietnam’s rail sector, including potential participation in the country’s planned North-South high-speed railway.

Infrastructure - Sat, April 25, 2026 | 6:58 pm GMT+7

Masan shares undervalued by 60%: CEO

Masan shares undervalued by 60%: CEO

Masan Group’s MSN shares are trading at a steep discount to intrinsic value and the corporation targets stronger cash generation over the next decade, said CEO Danny Le.

Companies - Sat, April 25, 2026 | 2:33 pm GMT+7