The US Department of Commerce (DOC) determined that many pangasius fillet exporters from Vietnam did not dump their products into the US market.

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).

Since the US has not recognized Vietnam as a market economy, DOC uses the surrogate values ​​of a third country to calculate the dumping margin for Vietnam. In this review, DOC selected Indonesia as the surrogate country to calculate the dumping margin for pangasius because DOC believes that: 1) Indonesia has a similar economy to Vietnam; 2) Indonesia significantly produces goods similar to the goods under investigation during the review period; 3) Indonesia provides usable and reliable data to help DOC assess Vietnam's production factors.

As of the first 7 months of 2024, pangasius exports to the US reached more than 190 million USD, an increase of 20% over the same period in 2023. In July alone, pangasius exports to this market reached nearly 31 million USD, an increase of 69% over the same period last year.

According to regulations, after 120 days of announcing the preliminary results, DOC will announce the final tax results of POR20. However, in many cases, the final results have changed compared to the preliminary assessment.

In POR19, the two mandatory respondents, Vinh Hoan Joint Stock Company and Can Tho Seafood Import-Export Joint Stock Company, have tax rates of 0 USD and 0.14 USD/kg, respectively.

Other voluntary respondents are I.D.I Multinational Investment and Development Joint Stock Company, Cafatex Seafood Joint Stock Company, Loc Kim Chi Seafood Joint Stock Company and Hung Vuong Joint Stock Company, with tax rates of 0.14 USD/kg, which is considered positive information.

Source: vietstock