Billionaire Tran Ba ​​Duong receives urgent news from the US Department of Commerce.

(Dan Tri Newspaper) - Following an analysis, the US Department of Commerce (DOC) has imposed a record tariff of 511% on a Vietnamese product, with THACO named in the announcement.

The U.S. Department of Commerce (DOC) has just announced its preliminary findings in its anti-dumping investigation into vehicle chassis and components imported from Vietnam.

According to information published in the U.S. Federal Register, the investigation was initiated by the DOC on March 24, 2025. On July 18, 2025, the Department decided to postpone the issuance of its preliminary findings to September 24, 2025.

The products under investigation are chassis and subassemblies of motor vehicles originating from Vietnam. In its announcement, the DOC determined that Vietnamese manufacturers exported these products to the United States at prices below "fair value".

Two Vietnamese companies were specifically named: Thaco Special Vehicles Manufacturing and Thaco Industries Trailers and Heavy Steel Structures. US investigators combined these two companies into a single entity (THACO) to conduct their investigation.

The DOC stated that THACO was the only company in Vietnam considered separately, and after the analysis process, the agency calculated the dumping margin and imposed a preliminary duty of 511.16%. This is considered a record-high provisional duty in cases involving heavy industrial products originating from Vietnam.

The DOC also determined that all entities in Vietnam cooperated during the investigation. Therefore, the Department decided to apply THACO's dumping margin to all vehicle chassis goods exported from Vietnam.

The U.S. Department of Commerce determined that Vietnamese manufacturers exported products to the United States at prices below "fair value" (Image: information published in the Federal Register).

However, this is only a preliminary conclusion.

Reportedly, THACO (founded by billionaire Tran Ba ​​Duong) submitted a request to the DOC to postpone the announcement of the final conclusion and extend the application of provisional measures for up to six months. The US Department of Commerce approved this request, and announced that the final conclusion would be issued within 135 days of the date of the preliminary conclusion.

In similar investigations into other countries, Mexico was subjected to a preliminary anti-dumping duty of 32.37% by the US. Thailand also faced preliminary anti-dumping duties ranging from 46.12% to 181.57%, depending on the company.

Source: https://dantri.com.vn/kinh-doanh/ty-phu-tran-ba-duong-nhan-tin-khan-tu-bo-thuong-mai-my-20251006075751921.htm