22 Vietnamese firms enjoy shrimp anti-dumping duty at 0.01%

In response to the decision of the US Court of Trade INternational, the US Department of Commerce (DOC) has announced its ammendment on final anti-dumping duty on shrimp import from Vietnam in the period from February 1st 2006 to January 1st 2007. 

According to the DOC’s list, all 22 Vietnamese shrimp exporters enjoy the tax of 0.01 percent. According to representatives of VASEP, if the verdict has no appeal, DOC will instruct the US Customs and Border Protection to impose anti-dumping tariffs for shipments imported the US market according to the amended tax and this is great news for our country’s shrimp exports. Read more of this post

Pangasius export price to increase from 3rd quarter 2011

VASEP said European enterprises would import more Pangasius from Vietnam in this summer.

Besides, the demand of Pangasius in markets like US, Brazil will surge. Given the positive signs of the export markets, VASEP will adjust Pangasius export price from the third quarter of 2011. Specifically, the price in the US market and EU will be respectively US$4.5/kg (up US$0.3/kg against second quarter of 2011) and US$3.6/kg (up US$0.2/kg) Read more of this post

Jan – Mar: Strong growth in shrimp export

According to Vietnam customs, in Q1/2011, the country shipped 43,500 MT of shrimp, worth US$398 million, up 23% in volume and 36% in value against the same period last year.

Japan, the US and EU remained the three largest markets of Vietnamese shrimp in this period, claiming respectively 24 percent, 21 percent and 19 percent of the market share. Read more of this post

Vietnam seafood industry overcomes challenges

According to the latest forecast by the Ministry of Agriculture and Rural Development (MARD), seafood exports in 2011 might reach from US$ 5.7 to US$ 5.8 billion, higher than expected in the late 2010 (about US$ 200 million) and increased from US$ 0.7 to US$ 0.8 billion compared to 2010.

This forecast is based on the fact that global demand for seafood is increasing drastically, especially in large markets such as the U.S., EU,Canada, and Japan. This is an opportunity for Viet Nam seafood export to reach US$5.8 billion in 2011. Read more of this post

Viet Nam exporters look towards large markets

Large markets such as Asia, The US and the EU, which have substantial long term and stable import demands, are always targets of Vietnamese exporters. 

According to the Ministry of Industry and Trade (MoIT), in the first quarter of this year, Asia was Viet Nam’s largest export market with an export turnover of nearly 10 billion USD, up 38 percent year-on-year. The country’s exports to China and Japan alone reached 4.3 billion USD and 2 billion USD, respectively.  Read more of this post

Traceability Guide For US Seafood Supply Chain

A new implementation guide for applying traceability standards in the US seafood supply chain has been announced by the National Fisheries Institute (NFI) and GS1 US at the International Boston Seafood Show.

US trade turnover continue rising in January

Seafood fetched an export value of US$ 82.3 million, an increase of 76.6% over the corresponding month of 2010.

Two-way trade turnover between Viet Nam and the US in January 2011 reached nearly 1.8 billion USD, an increase of 301.3 million USD or 21.3 percent over the same period last year.

Read more of this post

Minh Phu Seafood Corp: Urgently complete shrimp processing plant in Hau Giang

Mr. Le Van Diep, Deuty General Director if Minh Phu Seafood Corporation said in January 2011, the company exported 1,622 MT of shrimp worth US$ 19.8 million. The US remained its largest importers, followed by Japan, EU, South Korea and Canada.

Compared to the same month of 2010, shrimp export of the company increased by 70 percent in volume and 106.23 percent in value. Read more of this post

US cuts dumping duty on Indian shrimp imports

The US department of Commerce has announced a reduction in the anti-dumping duty on shrimp imports from India to 1.6%.

The preliminary results of the Fifth Administrative Review on anti-dumping duties on Indian shrimp imports had undertaken a detailed examination of the performance of two mandatory respondents from India, Falcon Marine Exports and Apex Exports, before announcing an average 1.6 per cent duty for all other shrimp exporters. Read more of this post

Vietnam: Seafood industry, a year of blooming harvest

In 2010, Viet Nam’s fisheries industry achieved its targets in almost all fields of business with the total fisheries output reaching 5.2 million tons, including 2.8 million tons from aquaculture and 2.4 million tons from capture fishery.

Although the global financial crisis has come to an end, clear improvements haven’t been seen in the global economy in the first few months of the year 2010. Some European countries have been on the verge of debt- triggered crisis, thus causing panic and worries among their citizens. The consumers’ demands for staple foods, however, have gradually become stable. Food import, including seafood import, in many markets has flourished and developed better and better since the beginning of the year, which helps a great number of countries to empty their 2009 inventories and boost production in the year 2010. Read more of this post

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