“VASEP: No Anti-Dumping Duties for 8 Vietnamese Tra Fish Exporters”
The Vietnam Association of Seafood Exporters and Producers (VASEP) has announced that the DOC has released the preliminary results of its administrative review of the anti-dumping duty order on frozen tra fish fillets from Vietnam for the period of August 1, 2022, to July 31, 2023 (POR20).
According to the announcement, eight Vietnamese tra fish exporters will not face any anti-dumping duties as they were found to have no dumping margins when selling their products in the US market.
These companies include Vinh Hoan Corporation, Bien Dong Seafood Joint Stock Company, Can Tho Import-Export Fisheries Joint Stock Company (Caseamex), Dai Thanh Seafood Joint Stock Company, Dong A Seafood One Member Limited Liability Company, Hung Ca 6 Joint Stock Company, Nam Viet Joint Stock Company (Navico), and NTSF Seafoods Joint Stock Company.
As the US does not recognize Vietnam as a market economy, the DOC uses surrogate values from a third country to calculate dumping margins for Vietnam. In this review, Indonesia was selected as the surrogate country for calculating the dumping margin for tra fish.
Ms. Truong Thi Le Khanh (on the far right), Chairwoman of Vinh Hoan Corporation – a leading tra fish exporter that has maintained a 0 USD anti-dumping duty rate for many years.
According to regulations, the DOC will announce the final results of the POR20 review within 120 days of the preliminary announcement. However, in many cases, the final results differ from the preliminary assessment.
In POR19, the two mandatory respondents, Vinh Hoan Corporation and Can Tho Import-Export Fisheries Joint Stock Company, received duty rates of 0 USD and 0.14 USD/kg, respectively.
The separate rate applicants, including International Development and Investment Corporation, Cafatex Fisheries Joint Stock Company, Loc Kim Chi Seafood Joint Stock Company, and Hung Vuong Corporation, were assigned a rate of 0.14 USD/kg, which was considered positive news.
Therefore, the preliminary results of POR20 can be seen as the most favorable outcome for the Vietnamese tra fish industry in the past 20 years since the initiation of the anti-dumping case in the US market.
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