Vietnamese pangasius is a species of traditional farming by farmers in the mekong river delta to meet high demand of global and domestic consumers, after 10 year development since 1996, fish farming area has been expanded nearly 6,000 hectares in 10 mekong delta provinces. About us products dried products us home news por10 for vietnam pangasius fish to the export companies in vietnam the tax rate applied to the product . Preliminary anti-dumping tax rates increased by 16 while two companies face a tax of $774 per kilo preliminary anti-dumping tax rates increased by 16 while two companies face a tax of $774 per kilo nhst global publications as use technologies such as cookies and other tracking scripts to .
The commerce department ruling marks a reversal of several years of refusing to place tariffs on government-subsidized vietnamese pangasius catfish imported to the united states and sold at prices . Although they can’t produce a large quantity of pangasius as vietnam, they still can take over the us market by buying from vietnam and re-export to the us with tax rate 0% as some chinese companies had done before. Why there is no fundamental improvement p ang siu f let o d, xp v c y quality of pangasius vietnamese farmers, antidumping import tax for pangasius which.
The doc has decided to apply a higher tariff for vietnamese pangasius exports following the completion of an anti-dumping investigation on march 15 the new tariff stands at $774 per kilo on products from the two companies that were the subject of the investigation, while other exporters face a fee of $387 per kilo, the highest tax the us . However, vietnamese pangasius exporters are very concerned that they will not able to export pangasius fillets to the united states after the united states department of commerce (doc) decided to impose unprecedentedly high anti-dumping duties on the products recently. About us asia briefing ltd is a subsidiary of dezan shira & associatesdezan shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in china, hong kong, india, vietnam, singapore and the rest of asean.
Table 25: vietnam’s pangasius exports of vietnam to major pangasius import markets in the middle east in 2017 table 26: unit export prices of frozen pangasius fillets to major markets in the middle east in 2017, (us$/ton). The us department of commerce (doc) yesterday announced preliminary decisions after the 13th administrative review (por13), increasing anti-dumping tax on vietnamese frozen pangasius fillets to us$239 a kilogram, triple that in por12 a farmer harvests pangasius fish in the mekong delta (photo . It was the first time vietnamese pangasius and shrimp enterprises being aware of anti-dumping and countervailing tax since being imposed by the us market in fact, although living in an increasingly global world, all countries from rich to poor, in asia, africa or us, japan, have their own system to protect domestic markets. Some vietnamese officials have criticized a us duty imposed in march that has significant implications for the local fishing industry the investigation into these exports concluded on march 15, leading to a significantly higher toll on imported pangasius fish. The head of the vietnamese association of seafood exporters and producers (vasep) believes the door is not yet shut for exports of pangasius to the us, reports vietnam net vietnamese businesses .
(seafoodvasepcomvn) in august 2017, vietnam’s pangasius export value to china was double that to the us thus, china - hong kong became the largest importer of vietnam pangasius in the first 8 months of this year with the value of us$2474 million, accounting for 213% of the total export value, up 439% over the same period last year. Vietnamese seafood exports surged in 2014 with an export turnover of us$79 billion, the highest level in three years and an 184 percent increase over 2013. Company reported over $4 million post-tax loss in first 9 months of fiscal year vietnamese pangasius giant dissolves subsidiary after fiscal woes | intrafish menu. Ha van tinh, general director of dai thanh seafoods company limited, which received the same rate as godaco, said the new tax rate has discouraged his company from any plan to export pangasius to the united states.
The dong/us dollar exchange rate which was adjusted to be much lower than that of other exporting countries has made vietnam’s agricultural and seafood products of the same kind become more expensive. In the last months of the year, vietnam’s pangasius exports to the us forecasted to continue the fall so far, the catfish inspection program and anti-dumping tariffs on frozen pangasius fillets in the us are challenge to vietnamese pangasius exporters. In the first 9 months of 2017, vietnam’s pangasius exports to saudi arabia reached us$4048 million, up 4% over the same period last year in 2017, saudi arabia was put in top 4. This assessment has led to the conclusion that vietnamese producers are unfairly subsidized and have to pay a 190% tax rate for pangasius catfishes antidumping duties still exist although the tax rates are various.
Alliance to promote vietnamese pangasius is advancing the united states are vietnam’s biggest export partner, importing nearly us$ 17 billion of seafood . The united states accounted for 183 per cent of total vietnamese pangasius exports compared with the same period in 2013 at 239 per cent being the top market for vietnamese pangasius last year, it was surpassed by the eu this year. The us department of commerce (doc) has planned to reduce its anti-dumping tax for more vietnamese pangasius exporters after the most recent administrative review on anti-dumping tax rates for imported goods, according to a state agency under the vietnamese ministry of industry and trade .