No basis and no reason
“False data and unreasonable basis resulted in very high antidumping tax imposed on Vietnam shrimp after the eighth period of review (POR8). Differential pricing analysis, the methodology adopted by DOC is unreasonable and lack of basis. This method, lacking scientific, statistical and practical basis, became controversial.” – said Mr. Truong Dinh Hoe, General Secretary of VASEP.
Besides, the inflator data applied to calculate the input costs is also unreasonable. “The surrogate country chosen (Bangladesh) is not proper because DOC used data from 2003. We recommend DOC recalculate based on updated figures to suit the current practical situation. The previous period of review (POR7) had the result of 0% for Vietnam exporters. After a year, anti-dumping duty becomes so high, it is questionable.” – Mr. Truong Dinh Hoe gave some evidences.
Thirty out of 32 Vietnam shrimp exporters to the United States from 1st February 2012 to 31st January 2013 had to pay tax at 6.37%. The two remaining businesses are Minh Phu Seafood Corporation, with 4.98% levied and Soc Trang Seafood Joint Stock Company (STAPIMEX) with 9.75%. Other exporters had to pay 25.76%. This is the highest rate in the past 10 years.
“DOC’s imposition of anti-dumping duties on Vietnamese shrimp products is unfair and contradicts the principle of trade liberalization and the economic and trade ties between the two countries”, said Foreign Ministry spokesman Le Hai Binh on September 27. “Vietnamese businesses do not dump shrimp products on the US market and do not damage or threaten damage to the US shrimp industry”, the spokesman affirmed.
Expanding markets
High anti-dumping duty also directly affects US consumers. As tax increase, Vietnam now has to seek for other markets. In the background of reduction in shrimp production worldwide, there is a shortage in shrimp supply. US importers still has to import from Vietnam. Limited supply along with high anti-dumping tariff will result in higher prices.
Statistics on shrimp imports from USDA showed that in the first 7 months of 2014, average shrimp import prices ranged from US$ 9.1/kg to US$ 12/kg, upped 32% over the same period in 2013. Shrimp export price to the US increased dramatically in the past month. , Black tiger shrimp had high demand. Shrimp of 6-8 counted (in pound) is sold at US$ 12.8 - 13 /kg, up US$ 1 from June’s price. Vietnam shrimp exports to the US therefore had impressive growth. Statistics from Vietnam Customs show that as of 15th August 2014, shrimp exports to the US reached nearly US$ 700 million, up 80% year on year.
“Increase in price is still much lower than the tax rate imposed by DOC, creating losses for businesses. Companies have to move to other markets but value added products are still sold in US market.” said Mr. Nguyen Van Kich, General Director of Cafatex Corporation.
Shrimp exports to other markets had tremendous growth this year. As of August 2014, shrimp exports to South Korea reached US$ 201.6 million, up 99.6% year on year, making Vietnam become the largest shrimp supplier for South Korea. Shrimp exports to EU reached US$ 428.9 million, up 96.2%. Shrimp exports to Japan recovered, with growth rate of 5%.
Seizing opportunities from global shrimp shortage, whiteleg shrimp farming areas in Vietnam reached 81,700 hectare while that of black tiger shrimp remained unchanged at more than 560,000 hectare. Shrimp harvested was nearly 320,000 MT, up 6.8%.
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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