The trade remedies authority of Vietnam received a notice to the effect from the Indian Ministry of Finance Thursday.
India also decided not to impose anti-dumping duties on synthetic staple fiber originating or imported from China and Indonesia.
It had begun the anti-dumping investigation in January last year at the request of the Indian Manmade Yarn Manufacturers Association.
In December, its Directorate General Of Trade Remedies had recommended duties of $0.25-0.8 per kilogram, including $0.41 on Vietnamese products.
Vietnam exported $3.7 billion worth of fiber last year, down 10 percent, according to the Ministry of Industry and Trade. Exports to India fell 66 percent to $41 million.
Vietnam’s fiber industry suffered last year due to both the severe impacts of the pandemic and anti-dumping investigations by the U.S. and India and safeguard investigations by Turkey.