Pangasius before the opportunity to recover in the US
(12/27/2019 12:00:00 AM)
The US Department of Commerce (DOC) has just announced the
preliminary decision of the 15th anti-dumping duty (CBPG) review of Vietnamese
pangasius products. Accordingly, Vietnam's pangasius exports to the US are
subject to 0% tax.
Mr. Tran Cong Minh, a long-term Pangasius farming
household in Tan Loc ward, Thot Not district (Can Tho city), said that in the
coming time, Pangasius export to America will be more convenient when the tax
rate is 0%. According to Mr. Minh, over time, farmers and businesses (DN) have
many difficulties when Pangasius products of Vietnam are subject to the US
antidumping tax. Mr. Nguyen Huu Nguyen - Director of Pangasius farming
cooperative in Chau Phu district, An Giang province - recognized that if the US
applied the 0% antidumping tax then the pangasius farmers would benefit because
businesses can buy raw materials at a higher price to export processing.
Ms. Vo Thi Thanh Van - Deputy Director of An Giang Department of
Agriculture and Rural Development, said that raw material Pangasius market is
showing signs of recovery, partly because basic tax information will be zero.
%; The other part is due to the official policy of promoting Chinese trade. An
Giang currently has 17 seafood processing factories operating with a total
capacity of 230,000 tons / year. Pangasius export output in the first 9 months
reached 70,000 tons, equivalent to 168 million USD, up 4.81% in volume and
4.65% in turnover.
According to Ms. Van, Pangasius is the main aquatic product
in the project of restructuring agricultural sector of An Giang province until
2020. Therefore, An Giang has policies to attract investment, support to create
land fund for enterprises. inside and outside the province to invest in
building farming areas on a large scale. Up to now, An Giang is raising 1,119
hectares of water surface and has harvested 853 hectares, equivalent to nearly
Mr. Le Chi Binh - Vice Chairman of An Giang Fisheries
Association (AFA), commented that the tax rate of 0% is good news for both
farmers and exporters but to be sustainable, it is necessary to comply with the
commitments. with the import side. "The output must meet the demand, the
quality and food safety and hygiene issues must be within the permitted limits.
It is very important for Vietnamese pangasius to struggle not only with the US
market but also in the US. all markets "- said Mr. Binh.
According to the Vietnam Association of Seafood Exporters
and Producers (VASEP), by the end of September, the total export value of
pangasius reached US $ 1.46 billion, down 8.5% compared to the same period last
year. In particular, the total value of pangasius exports to the US (the second
largest export market after China) reached 208.3 million USD, accounting for
14.3% of the total pangasius export value, down 43.6% compared to the previous
year. with the same period. Thus, up to this point, this is a large and
noticeable decline in the US in the past 5 years. According to VASEP's
forecast, Pangasius export value to the US in the fourth quarter of 2019 will
continue to decline. The reason is that our country's largest pangasius export market,
China, is not as easy as it used to be, but it also creates many barriers.
According to IDI company leaders, there are many catfish farmers
in the US, they have a catfish association and constantly sue the US government
to protect domestic production. In case they accept to abolish this tax, it is
likely that there will be additional barriers on food safety, environment, etc
making it difficult for Vietnamese enterprises to meet. Particularly for IDI,
there has long been a farming area that has been assessed and evaluated by many
organizations meeting Global GAP, BAP and ASC standards, so products are easily
Not only IDI, but many pangasius exporters said that the US trade
management agency announced the 0% antidumping duty on Vietnam's pangasius
exports this time, which is a positive signal. From here, businesses are
mentally prepared to implement the plan "big fish" for the opportunity
to export to this market at the end of the year.