Positive signs ahead for Vietnamese seafood exports to US

VOV.VN - Vietnamese seafood exports to the United States during the opening two-month period of the year surged by 22.1% to US$188.5 million against the same period from last year, according to the General Department of Vietnam Customs.

As a result, the US currently represents Vietnam's second largest seafood export market behind Japan with US$196 million, accounting for 15% of the nation's total seafood export turnover during the reviewed period.

According to Do Ngoc Hung, Vietnamese Trade Counselor to the US, besides the challenges facing Vietnamese seafood exports to the US due to a general decline in purchasing power coupled with rising transportation costs, the country's aquatic products have great advantages in this North American market.

Specifically, Vietnamese shrimp is still popular in the US market thanks to its high processing content, focusing on value-added products.

Furthermore, the US Department of Commerce (DOC) has recently issued preliminary conclusions of the 19th review (POR19) for Vietnamese frozen tra fish (pangasius) fillet exports during the period from August 1, 2021,to July 31, 2022.

According to the review, Vinh Hoan Joint Stock Company is entitled to enjoy a tax rate of US$0.00 per kilo, while five other enterprises are all subject to a lower anti-dumping tax rate of US$0.18 per kilo

In fact, the general anti-dumping tax duties that DOC has imposed on Vietnamese pangasius during the review stands at US$2.39 per kilo.

Do Ngoc Hung said these moves have opened up bright prospects ahead for pangasius exports in the highly lucrative market with export volume expected to rise due to the overall cost reduction. 

Moreover, pangasius enterprises have proved their capacity and experience in thoroughly preparing documents during PORs launched by the DOC, Hung added. 

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