Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade LTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL LTCUSD | View LTCUSD News & Updates

Buy Sell LTCUSD, Bitcoin and Cryptocurrencies

US releases shrimp probe results   2010-03-13 - VietNamNet/VOV

The US Department of Commerce (DoC) has announced preliminary results from the fourth administrative review on Vietnamese warmwater shrimp imported to the country from February 1, 2008 through January 31, 2010, says the Vietnam Association of Seafood Exporters and Producers (VASEP).

All VN shrimp exporters ask for administration review

US cuts shrimp tax to 0% on 29 Vietnamese companies


According to DoC, 29 Vietnamese businesses shrimp exporters enjoyed duty at 2.89 percent, says VASEP, adding that the Minh Phu Corporation paid the highest duty at 3.27 percent while the Nha Trang Seafoods Company had the lowest duty at 2.5 percent.

The US Department also announced last month its fifth administrative review of the anti-dumping duty imposed on frozen warmwawter shrimp imported from India, Brazil, China, Thailand and Vietnam.

This was likely to be the final review of the duty, carried out in parallel with the five-year review announced in January which will examine details of US marine product import from 2004-2005.

VASE says although Vietnam earned US$1.67 billion from shrimp exports last year, 3 percent higher than 2008, its exports value to the US reduced by 15.4 percent to US$395 million. The association also says shrimp processors are now lacking raw materials for export contracts.

Ly Van Thuan, general secretary of the Ca Mau Province Seafood Exporters and Producers Association, says most of the 31 shrimp processors in the province are operating just 40 percent of the design capacity.

In the meantime, the area for shrimp farming in Bac Lieu province has downsized by almost a third last year, says the provincial Department of Agriculture and Rural Development.

To resolve the problem, VASEP chairman Tran Thien Hai suggests that the provinces reschedule their farming plans to avoid the constant swing between overabundance and severe shortages of shrimp.

Besides, there should be a closer cooperation between processors, authorities and breeders to ensure outlet for their products and expand farming areas.

Other news

BUSINESS IN BRIEF 13/3   2010-03-13

State businesses form the core of economy   2010-03-13

Gender parity still a distant goal   2010-03-13

Cable car rises over Vung Tau   2010-03-13

The importance of pottery   2010-03-13

Another Cham tower found in south-central Vietnam   2010-03-13

Cement prices set to rise   2010-03-12

Pause in petrol price hikes urged   2010-03-12

Vietnam taking action to push coffee prices back up   2010-03-12

Agencies fail to clear customs logjam   2010-03-12

HCM City extends stabilisation of prices   2010-03-12

BUSINESS IN BRIEF 11/3   2010-03-11

Petrolimex to place petrol price calculator on website   2010-03-11

Anti-dumping actions against Viet Nam expected to increase   2010-03-11