On March 31, 2014, The U.S. Department of Commerce (DOC) has issued the final results of the ninth antidumping duty administrative reviews on certain frozen pangasius fillets imported from Vietnam. The period of review (POR) is August 1, 2011 through July 31, 2012. In the final decision, DOC imposes an antidumping duty of US$0.03 per kilogram and US$1.20 per kilogram to two mandatory respondents – Vinh Hoan Corporation and Hung Vuong Corporation. Other separate rate respondents have to pay US$0.42 per kilogram. Vietnam-wide rate is US$2.11 per kilogram.
Despite a strong claim of Vietnamese pangasius processors and exporters, the DOC insisted on selecting Indonesia to be the primary surrogate country for its calculations of the weighted-average dumping margins for Vietnamese pangasius products, while Indonesia is not economically comparable to Vietnam. This country has the Gross National Income (GNI) which is two times higher than that of Vietnam and its GDP is four times higher than that of Vietnam. The use of Indonesia led to increasing antidumping duty on Vietnamese pangasius, as there is a huge gap of fish production costs between Indonesia and Vietnam.
The final results of POR9 reflects that the DOC has been inconsistently tightening the selection of primary surrogate country and its calculations of anti-dumping duties on Vietnamese frozen pangasius fillets in recent period of reviews. This move is clearly a protectionist manner which has caused obstacles to Vietnamese pangasius exporters.
Vietnam Association of Seafood Exporters and Producers (VASEP) calls for a serious consideration by the DOC in its inspections and calculations of anti-dumping duty in administrative reviews in the respect of American consumers' benefit, the livelihood of millions of Vietnamese people, who are depending on the pangasius industry in Mekong Delta, as well as commercial relations between the two countries.
The real facts shows that imports of pangasius from Vietnam into the U.S. market have not had harmful impacts on the U.S. catfish industry, but it creates jobs for those who engaged in sales of Vietnamese pangasius products and provides a stable source of whitemeat fish with good quality and reasonable price to American consumers.
As consideration of benefits of all relevant parties, VASEP requires the DOC to have fair and consistent policy of administration reviews of anti-dumping duty on frozen pangasius products traded in the U.S. market, opening a new period of economic cooperation with cooperative and democratic spirit and shared benefits of Vietnam and the U.S. fish industry.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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