Pangasius products by eight local exporters showed no sign of dumping behaviours, which would give them an anti-dumping tax exemption, according to information given by the department.

This represents a good sign for Vietnamese pangasius exporters as, since 2003, several companies have been subject to anti-dumping tax from the US.

During the previous review period (POR19) from August 1, 2021, to July 31, 2022, only one local exporter was freed from anti-dumping tax, which was the Vinh Hoan Joint Stock Company.

Elsewhere, five other companies were given a low anti-dumping tax rate at US$0.18 per kilogramme, while the remaining exporters were subject to a general tax rate of US$ 2.39 per kilogramme.

The eight companies exempt from anti-dumping tax this year include Bien Dong Seafood Company Ltd., Vinh Hoan Corporation, Can Tho Import-Export Seafood Joint Stock Company, Dai Thanh Seafoods Company Ltd., Dong A Seafood One Member Co., Ltd., HungCa 6 Corporation, Nam Viet Corporation, and NTSF Seafoods Joint Stock Company.

The US Department of Commerce will give the final results of the review in 120 days’ time.

This year the department will continue choosing Indonesia as an alternative country to calculate the dumping margin, since Vietnam is considered to be a non-market economy by the US, according to VESAP.

Indonesia was selected as it has a similar economy to Vietnam, with similar goods being placed under review whilst reliable data is available for evaluation.

Furthermore, pangasius export turnover during the eight-month period stood at estimated at US$1.3 billion, up 9% on-year.

The US remains the largest single import market for Vietnamese pangasius with total export turnover in August alone grossing US$3 million, the highest since the beginning of the year and a figure 15 times higher than August, 2023.

By the end of August total pangasius exports to the US fetched nearly US$6 million, a figure 14 times higher than the first eight months of 2023.

Other major pangasius import markets are under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) market bloc, Thailand, the UK, the EU, mainland China, and Hong Kong (China).

The total value of pangasius exports to the CPTPP market bloc raked in more than US$8 million during the past eight months of the year, an increase of 31% on-year. In line with this Australia was the largest single market for pangasius exports in the bloc, making up 39% of the total exports.