Catfish exports to reach $2.3bn

Catfish industry faces new rivals

How will Vietnam’s catfish industry fare amid the rise of new rivals?

Under the decision, the anti-dumping tariffs are much higher than the preliminary rates it announced last September, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Specifically, the official tariff on Hung Vuong Group’s products is 3.87 USD per kg, compared to the preliminary level of zero USD per kg. That on NTSF Seafood is kept at 1.37 USD per kg. Four other tra fish exporters, namely C.P Vietnam, CL-Fish, Green Farms Seafood and Vinh Quang Corp, are imposed the tariff of 1.37 USD per kg, up 0.96 cent per kg.

Meanwhile, the general tariff on products of other Vietnamese exporters is maintained at 2.39 USD per kg.

VASEP said in the first three months of 2019, the country shipped 71.16 million USD worth of tra fish to the US, down 5 percent year on year.

The tra fish export to the US market is forecast to continue declining in the second quarter under the impact of the official anti-dumping tariffs.-VNA