Shares of shrimp export businesses rose sharply during the trading session on August 22.
Although the US Department of Commerce (DOC)’s announcement of zero-percent antidumping tariffs on 31 Vietnamese shrimp exporters is just a preliminary decision and the official ruling is still to come, 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.
Despite a recent rebound in shrimp exports to the EU, Vietnam’s shrimp sector is facing a fierce competition in the market, requiring domestic exporters to continue improving their product quality and competitiveness, according to the Vietnam Association of Seafood Exporters and Producers.
The US Department of Commerce (DOC) has announced its decision to adjust antidumping duty on Vietnamese shrimp exported to the US between February 1, 2013 and January 31, 2014 from 1.16% to 1.42%.