Vietnamese shrimp exporters enjoy zero taxes to US
The US Department of Commerce (DOC) on August 22 released the final results of the 13th period of review (POR 13), officially imposing zero percent tariffs on 31 Vietnamese shrimp exporters.
The zero percent tax is great news for the Vietnamese shrimp sector. (Photo: enternews.vn)
The DOC announced that the zero percent tariff will be applied to the two mandatory respondents in the review, Sao Ta Foods JSC and Nha Trang Sea product Company. The other 29 enterprises shipping shrimp to the US will be subject to the same rate at zero percent.
Earlier, the DOC in a preliminary finding concluded that the two mandatory respondents did not dump their shrimp products on the US market, making them exempt from anti-dumping tariffs when exporting shrimp to the country between February 1, 2017, and January 31, 2018.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's shrimp exports to the US have recently bounced back.
In July 2019, shrimp exports to the US market increased 37.2 percent to reach 77 million USD, raising the total turnover in the first seven months of this year to 327.4 million USD, a year-on-year rise of 5 percent.
Apart from the US, Vietnam is exporting shrimp to other major markets such as the EU, the Republic of Korea, and China./.
VNA
-
Vietnam on track to rank among world’s 30 largest economies
- Eco-industrial parks with integrated infrastructure draw rising FDI interest
- 'Promised land' for businesses
- Vice Chairman of Tay Ninh Provincial People's Committee Huynh Van Son worked with the Japan Trade Promotion Group in Ho Chi Minh City
- Vietnam’s southern metropolis targets over 120 bln USD economy in 2025
- Digital solutions strengthened to combat e-commerce fraud, counterfeit goods
- Unlocking potential for Vietnamese firms to reach global heights
- Joint efforts on protecting production areas
- Tay Ninh—An attractive investment destination with preferential policies and synchronous infrastructure
- Vietnam moves to attract higher-quality FDI flows
