According to the final results of the POR19 review, Vinh Hoan Joint Stock Company is entitled to a tax rate of 0.00 USD/kg. The other 5 enterprises are: CASEAMEX, LOC KIM CHI SEAFOOD JSC, I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION, HUNG VUONG PANGA and CAFATEX are subject to an anti-dumping tax of 0.18 USD/kg.
The general anti-dumping tax rate that DOC imposed on Vietnamese pangasius export enterprises during this review is 2.39 USD/kg.
Compared to the preliminary review results of POR 19, announced in September 2023, the final tax rate of POR 19 is 0.04 USD/kg higher. However, in general, the POR19 anti-dumping tax rate has been significantly reduced compared to the final results of the previous POR18 review. This is a quite positive signal for Vietnamese pangasius export enterprises in the near future.
In February 2024, Vietnamese pangasius exports to the US reached a value of nearly 16 million USD, down 8% compared to February 2023. Cumulative pangasius exports in the first 2 months of the year to this market reached 34 million USD, up 25% over the same period last year, mainly thanks to the strong growth of export turnover in the first month of this year. In January 2024, the US increased the value of pangasius imports from Vietnam by 83%.
In March 2023, the US Government announced Executive Order 14068 (EO 14068) to ban the import of aquatic products originating from Russia and tighten the ban on importing Russian pollock. However, this decree did not prohibit the import of products from third countries that use Russian seafood as raw materials for processing. Many forecasts say that this decree significantly affect the world seafood market, possibly re-establishing a new order for the global seafood industry. The suspension of imports of aquatic products from Russia creates a large gap, and this will be an opportunity for Vietnamese pangasius to replace two key products, pollock and cod.
In February 2024, Vinh Hoan continued to be the largest pangasius export enterprise to the US, accounting for 58% of the total export value of Vietnamese pangasius to the US. Followed by Van Duc Tien Giang Company, accounting for 22%; Bien Dong Seafood Company, accounting for 10%; Can Tho Seafood Import-Export Company, and Nam Viet Company, accounting for 5% and 2%, respectively, of the total value of Vietnamese pangasius exports.
In February 2024, pangasius export turnover to the US decreased, partly due to the Lunar New Year holiday. However, with positive information from the US market, Vietnamese pangasius is expected to grow well in the US market this year.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
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