A preliminary decision or decision to terminate the investigation will be made no later than September 4.

Vietnam’s squid and octopus exports are projected to exceed US$700 million this year, buoyed by strong performance in the first five months, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam's seafood exports reached US$5.2 billion in first six months of this year. This represents a nearly 19 percent increase compared to the same period last year.

President Donald Trump said Tuesday there would be “no extensions” granted to the new Aug. 1 deadline he set Monday for U.S. trading partners to negotiate new deals or face significantly higher tariffs on goods imported from their countries.

U.S. President Donald Trump on Tuesday said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide.

MITI said the decision to impose the duties, in the form of a bank guarantee and ranging from 3.86 to 57.90%, was made after preliminary investigations found sufficient evidence that these imports were brought into Malaysia at dumped prices.

After nearly a year of investigation, Vietnam has decided to officially impose anti-dumping duties on imports of hot-rolled steel from China to protect domestic production against mounting pressure from cheap imports.

Scandals involving counterfeit goods, unsafe food and substandard pharmaceuticals not only cause economic losses but also erode public trust.