The US Department of Commerce (DOC) has announced the preliminary results of the 17th period of review (POR17) for the period from August 1, 2019 to July 31, 2020, regarding Vietnam’s tra and basa fish (pangasius) exported to the US.
Accordingly, 28 out of the 63 businesses initially subject to the review would not be examined for various reasons.
Among the remaining 35 companies, Nha Trang Seafood Joint Stock Company (NTSF) and Bien Dong (East Sea) Seafood Joint Stock Company (ESS) are requested to answer the survey questionnaire.
The DOC determined that Green Farms Seafood Joint Stock Company (Green Farms) is eligible for a separate tax rate.
According to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT), the DOC preliminarily determined that NTSF did not make sales of subject merchandise at prices below normal value during the period of review so it will not be subject to anti-dumping tax.
The tax rate on ESS's products is set at 3.87 USD per kg because the DOC believed that the company had not fully cooperated with the DOC, while the Green Farms Company was levied a tax rate of 1.94 USD per kg.
The remaining companies among the 35 reviewed companies continue to be taxed at 2.39 USD per kg as in the previous years.
Big Vietnamese exporters, including Vinh Hoan JSC and Nam Viet Joint Stock Company and NTSF, are not subject to the anti-dumping tariff.
The DOC announced that the interested parties may submit ideas or request a hearing within 30 days from the date of publication of the preliminary results. A final conclusion is expected to be issued by the DOC in January 2022.
The MoIT will continue to coordinate with the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnamese exporters and the US side to deal with relevant issues to ensure legitimate rights and interests of Vietnam in this regard.
Vietnamese tra fish have been subject to US anti-dumping duties since 2003 and the tariffs have been reviewed annually since then.
Statistics from the General Department of Customs showed that last year Vietnam's pangasius and basa fish exports to the US reached 83,159 tonnes, raking in about 228.79 million USD.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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