The U.S. Department of Commerce (DOC) has announced an increase in antidumping duties for five pangasius exporters from Vietnam, following a period review spanning from 1 August 2021 to 31 July 2022.
In its final decision, published in the Federal Register on 14 March 2024, the DOC maintained a zero duty issuance for Vinh Hoan, consistent with its preliminary findings, released in September 2023.
However, Can Tho Import-Export Seafood Joint Stock Company, Loc Kim Chi JSC, International Development and Investment Corp., Hung Vuong Corp., and Cafatex Corp. were assigned a separate margin of USD 0.18 (EUR 0.16) per kilogram. This rate is higher than the USD 0.14 (EUR 0.13) per kilogram imposed on these five companies and other exporters categorized under the "Vietnam-wide entity" by the DOC.
For Vietnamese exporters not eligible for a separate rate, the cash deposit rate was set at USD 2.39 (EUR 2.19) per kilogram.
Additionally, the DOC canceled the review for 12 other companies, including leading exporter Navico and the Vietnam-wide entity due to a lack of subject merchandise entries during the period.
The increase in antidumping duties coincides with a decline in the value of pangasius exports from Vietnam to the U.S., which fell by 8 percent to USD 16 million (EUR 14.7 million) in February 2024, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
In February, Vietnam’s pangasius export value dropped by 42 percent year over year to over USD 90 million (EUR 85.3 million), with values to all key markets decreasing.
