Golden opportunity after 20 years of being entangled in the anti-dumping lawsuit in the US for the Vietnamese pangasius industry

Published 2024년 9월 18일

Tridge summary

Preliminary results for the period August 1, 2022, to July 31, 2023, indicate a positive growth in Pangasius exports to the US, with eight major Vietnamese companies, including Vinh Hoan and Bien Dong, not found to be dumping and therefore exempt from taxes. This development is anticipated to increase pangasius exports to the US, particularly around year-end when demand for white fish is high. The US market is experiencing a shortage of certain white fish, providing more opportunities for Vietnamese pangasius. Companies in the industry are encouraged to improve product quality, meet market demand, and adapt to market fluctuations to maintain a competitive position. This is seen as a turning point for the Vietnamese pangasius industry, with potential for strong growth and sustainable development.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pangasius exports have grown positively According to preliminary results from DOC, the review period from August 1, 2022 to July 31, 2023 (referred to as POR20) shows that 8 major Vietnamese pangasius exporting companies, including Vinh Hoan and Bien Dong, were not found to have engaged in dumping. This means that they will not be subject to any taxes, opening up great opportunities for increasing pangasius exports to the US. The list of tax-exempt exporting companies includes: Vinh Hoan Corp, Bien Dong Seafood Co., Ltd.; Can Tho Seafood Import-Export Joint Stock Company (CASEAMEX), Dai Thanh Seafood Co., Ltd., Dong A Seafood One Member Co., Ltd. (DONG A SEAFOOD); Hung Ca 6 Company; Nam Viet Joint Stock Company (NAVICO) and NTSF Seafood Joint Stock Company (NTSF SEAFOODS). Since the US has not yet recognized Vietnam as a market economy, DOC has chosen Indonesia as a surrogate country to calculate the dumping margin, based on the economic and production similarities between the two ...

Source: Voh