Mon. Nov 28th, 2022

The US Department of Commerce has acknowledged for the first time that
Vietnamese shrimp exporters did not dump their products in the US
market, reported the Vietnam Association of Shrimp Export and Processing
(VASEP).

Under the DOC’s preliminary decision, applicable to the period from
February 1, 2011 , to January 31, 2012 , all Vietnamese mandatory and
voluntary defendants will be subject to a zero-percent tariff.

The two mandatory defendants involved in this administrative review
are Minh Phu Seafood Corporation and Nha Trang Seafood Company.

According to the VASEP, the decision offers hope to Vietnamese shrimp exporters amid a troubled market.

The US , behind Japan , was Vietnam ’s second largest shrimp
importer last year, generating 454 million USD and accounting for 20
percent of Vietnam ’s shrimp exports.

In
January, 2013, the US surpassed Japan to become the largest
importer of Vietnamese shrimp with year-on-year growth of nearly 37
percent.-VNA

By vivian