Update news VASEP
Although the DOC’s announcement of zero-percent antidumping tariffs on 31 Vietnamese shrimp exporters is just a preliminary decision, the transparency of Vietnamese businesses has been proven, an official has said.
As many as 31 shrimp exporters of Vietnam to the US have been exempted from anti-dumping tariffs, according to the Vietnam Association of Seafood Exporters and Producers (VASEP) on April 10.
VietNamNet Bridge - Vietnam has been advised to increase catfish output to force prices down, to improve competitiveness over other countries. However, this solution has stirred controversy.
The shortcomings in the Vietnam seafood industry have been exaggerated by foreign media, placing obstacles on domestic seafood exports.
VietNamNet Bridge - Economists have warned that the Vietnam economy will “bear a lot of damage from the US-China trade war”.
VietNamNet Bridge - Seafood companies complain that retailers are playing tricks to dislodge their products out of supermarket chains.
If the US-China trade war escalates, Vietnam would have opportunities to boost exports to both markets. Meanwhile, the US is considering allowing Vietnam to continue exporting catfish to the country.
Vietnam’s catfish has run into trouble in several EU countries because of misleading information in the media.
The US initiated Seafood Import Monitoring Program (SIMP), to take effect from December 31, has created significant challenges for shrimp exporters.
VietNamNet Bridge - The currencies of many countries have depreciated sharply against the dollar, thus affecting the competitiveness of Vietnam’s goods.
VietNamNet Bridge - Many Vietnamese businesses have been reportedly tricked by foreign partners from Morocco, Canada, New Zealand and the US recently.
Both catfish and shrimp are meeting difficulties in exports because of the shrinking market. However, while catfish farmers still can make a profit, farmers of white-legged shrimp cannot.
High anti-dumping tariff and the US Seafood Import Monitoring Programme (SIMP) are now key barriers facing Vietnamese shrimp exporters.
Vietnamese exporters have been warned that it will be more difficult to export products to the US as the US administration has increased local production protection and tightened control over imports.
VietNamNet Bridge - In many shrimp cultivation areas, farmers are not treating waste water from shrimp ponds, but are allowing untreated waste water to go directly into the environment.
VietNamNet Bridge - Twenty years ago, Vietnam succeeded in having shark catfish (including tra – or Pangasius hypophthalmus and basa, or Pangasius bocourti) reproduced artificially.
Catfish exports to China have been increasing rapidly, but Vietnam fears it may lose the US market.