Vietnam: Pangasius exports receive great news as the US lifts taxes on many businesses

Published Sep 18, 2024

Tridge summary

The Vietnam Association of Seafood Exporters and Producers (VASEP) announced that the US Department of Commerce (DOC) has released the preliminary results of its administrative investigation into the anti-dumping duty order on frozen pangasius fillets from Vietnam for the period from August 1, 2022, to July 31, 2023. The DOC found that several Vietnamese exporters, including Bien Dong and Vinh Hoan, did not dump their products in the US market, and will therefore not face any anti-dumping duties. Eight pangasius exporting companies have been assigned separate tax rates. The DOC used Indonesia as a surrogate country to calculate the dumping margin for Vietnam, and the final tax results are expected to be announced after a 120-day period.

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Original content

The Vietnam Association of Seafood Exporters and Producers (VASEP) informed that the DOC has just announced the preliminary results of the administrative investigation to review the anti-dumping duty order on frozen pangasius fillets from Vietnam for the period from August 1, 2022 to July 31, 2023 (POR20). The DOC determined that in this POR20, many pangasius fillet exporters from Vietnam, including Bien Dong and Vinh Hoan, did not dump their products into the US market. Therefore, they will not be subject to any anti-dumping duties. There are 8 pangasius exporting companies eligible for separate tax rates, including: Vinh Hoan Corp, Bien Dong Seafood Company Limited; Can Tho Seafood Import-Export Joint Stock Company (CASEAMEX), Dai Thanh Seafood Company Limited, Dong A Seafood Company Limited (DONG A SEAFOOD); Hung Ca 6 Company; Nam Viet Joint Stock Company (NAVICO) and NTSF Seafood Joint Stock Company (NTSF SEAFOODS). Because the US has not recognized Vietnam as a market ...

Source: Vietstock