Tax exemption for 18 Vietnamese pangasius exporters

According to the eighth preliminary report of the US Department of Commerce, 18 Vietnamese pangasius exporters were exempt from anti-dumping taxes from August 1, 2010 to July 31, 2011.

Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said that according to US regulations, any business that is offered a zero tax rate for three consecutive years can be exempt from anti-dumping duty indefinitely.

Among the exporters, Vinh Hoan Group has enjoyed a zero tax duty in the US market for four consecutive years.

Eighteen of the exporters who received tax exemption are the Vinh Hoan Group; Binh An Seafood Joint Stock Company; QVD Aquaculture; Afiex; Anvifish; Hiep Thanh; An Phu; South Vina; Vinh Quang; Docifish; Godaco;Agifish; Acomfish; Cadovimex II; Hung Vuong; Navico; NTSF; and Samefico.

According to Vietnam Association of Seafood Exporters and Producers, Japan has again imposed all-out checks after it uncovered two consecutive batches of shrimps imported from Vietnam contained ethoxyquin, a week after it lifted ethoxyquin checks on 30 percent of Vietnamese shrimps.

By C.Phien – Translated by Thuy Doan

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).