US increases anti-dumping tax on Vietnamese pangasius

ĐTTC
The US Department of Commerce (DOC) yesterday announced preliminary decisions after the 13th administrative review (POR13), increasing anti-dumping tax on Vietnamese frozen pangasius fillets to US$2.39 a kilogram, triple that in POR12.

A farmer harvests pangasius fish in the Mekong Delta (Photo: SGGP)

A farmer harvests pangasius fish in the Mekong Delta (Photo: SGGP)

POR13 was conducted to frozen pangasius fillets imported from Vietnam in the phase from August 1, 2015 to July 31, 2016.
According to Vietnam Association of Seafood Exporters and Producers (VASEP), that is the first time DOC made adjustments completely short of legal basis and regardless of usual regulations.
The decision is unfair, contrary to normal anti-dumping rules, compulsory and unreasonable to Vietnamese businesses who have exported frozen pangasius fish fillets to the US.
The decision belies free trade process and affects Vietnam-US bilateral trade relations, says the VASEP.

By T.QUANG – Translated by Hai Mien

Other news

Most view

Vietnam strives to reduce cash payment proportion to less than 8 percent by 2025 (Source: Vietcombank)

Vietnam strives to reduce cash payment proportion

The Vietnamese Government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.

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

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

SGN lists 24million shares on HOSE

 Saigon Ground Services JSC (under code: SGN) will list on the Ho Chi Minh City Stock Exchange (HOSE) 24 million shares for the first time starting on August 1st at a reference price of VND 140,000 per share.