Business

Shares of shrimp exporters surge after US cuts anti-dumping tariffs

Shares of shrimp export businesses rose sharply during the trading session on August 22.
Shares of shrimp exporters surge after US cuts anti-dumping tariffs
Shares of shrimp exporters surge after US cuts anti-dumping tariffs ảnh 1Processing shrimp for export (Photo: VNA)

HCM City (VNA) – Shares of shrimpexport businesses rose sharply during the trading session on August 22.

This was a positive sign after Vietnam’s shrimpindustry received good news that the US reduced its anti-dumping tariffs leviedon Vietnamese shrimp to zero percent.

Specifically, shares of Sao Ta Food Joint StockCompany (coded FMC) rose 6.64 percent to 32,100 VND per share; Camimex Group (codedCMX) up 3.6 percent to 30,300 VND per share; Ca Mau Seafood Joint Stock Company(CAT) increased 1.11 percent to 9,100 VND per share; and Minh Phu SeafoodCorporation (MPC) up 8.3 percent to 30,000 VND per share.

A day earlier, the USDepartment of Commerce (DOC) released the final results of the 13th period ofreview (POR 13) from February 1, 2017 to January 31, 2018, imposing a zero-percenttariff on 30 Vietnamese shrimp exporters.

According to VietnamAssociation of Seafood Exporters and Producers (VASEP), Vietnam's shrimpexports to the US have recently bounced back. 

In July 2019, shrimpexports to the US market increased 37.2 percent to reach 77 million USD,raising the total turnover in the first seven months of this year to 327.4million USD, a year-on-year rise of 5 percent.

Apart from the US,Vietnam is exporting shrimp to other major markets such as the EU, the Republicof Korea, and China.-VNA
VNA
#shares of shrimp export businesses #Vietnam’s shrimp industry #anti-dumping tariffs #US Department of Commerce #Vietnamese shrimp exporters #VASEP #vietnamplus #Vietnam News Agency United States Vietnam
Follow VietnamPlus

Related News

Minister asks for efforts to achieve shrimp export targets

Minister asks for efforts to achieve shrimp export targets

Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong has asked localities and enterprises to deploy measures to optimise opportunities for the shrimp sector to achieve the goal of 4.1-4.2 billion USD in export in 2019.
Zero-percent tariffs prove Vietnamese shrimp exporters’ transparency

Zero-percent tariffs prove Vietnamese shrimp exporters’ transparency

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.
Vietnam should give its shrimp a brand

Vietnam should give its shrimp a brand

Developing globally-recognised Vietnamese shrimp brand is necessary for the agricultural sector to realise a target of 10 billion USD in shrimp export revenue by 2025, according to the insiders.
Shrimp export to China sees positive signs

Shrimp export to China sees positive signs

Vietnam’s shrimp export value to China in July saw a year-on-year increase of 48 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

See more

Vietnamese Ambassador to Brazil Bui Van Nghi (right) meets with President of the Brazilian Association of Soybean Producers (Aprosoja) Mauricio Buffon in Brasilia. (Photo: VNA)

Vietnam, Brazil boost agri-trade cooperation

The Vietnamese ambassador expressed the country’s desire to increase the export of aquatic products, cashews, wood items, processed farm produce, apparel, mobile phones, computers, and electronic components to Brazil.

A dancing performance at the opening ceremony of the 2025 K–Vietnam Pop-up Festa in Dalat on November 8 (Photo: VNA)

K-Market Vietnam 2025 held in Lam Dong

The event features a series of cultural and trade exchange activities between Vietnam and the Republic of Korea (RoK), with more than 100 Lam Dong and Korean enterprises showcasing typical products from both sides.

Workers handle the preliminary processing of sea grapes before production. (Photo: VNA)

Company brings Vietnamese sea grapes to the world

The Tri Tin Seaweed Company, founded by Le Ben, has pioneered a new path for the province’s aquaculture sector by establishing a fully integrated production chain, applying high-tech processes, and adhering strictly to international standards.

Prime Minister Pham Minh Chinh addresses the 21st meeting of the State steering committee for national key projects in the transport sector. (Photo: VNA)

Entire Cao Bang - Ca Mau expressway must be inaugurated on December 19: PM

PM Chinh, who is head of the steering committee, asked all parties involved to strive hard to achieve the goal of putting 3,000 kilometres of expressways and approximately 1,700 kilometres of coastal roads into operation in 2025, thus creating momentum to welcome the 14th National Party Congress and meeting the travel needs of the people during New Year 2026 and the Lunar New Year Festival.

Prime Minister Pham Minh Chinh (C) presides over the 21st meeting of the State steering committee for national key projects in the transport sector. (Photo: VNA)

Government leader presides over meeting on national key transport projects

Noting that there are less than two months left until December 19 - the date set for the simultaneous ground-breaking and inauguration ceremonies of major projects, the PM emphasised that this is a crucial period to accelerate progress and make breakthroughs in the implementation of key projects and works.

Harvesting cage-farmed tilapia (Photo: VNA)

Vietnam exports first shipment of tilapia to Brazil

This shipment is one of 32 containers, totalling 700 tonnes of tilapia, ordered and imported by JBS Group from Vietnam. The products will first be distributed through HORECA supermarket and distribution network, and showcased in JBS's product display centre in Brazil.

Road leading to VSIP Can Tho at the intersection with National Highway 80 (Photo: VNA)

Green industry lures more FDI to Mekong Delta

The Mekong Delta region, having earned the monikers of the rice bowl, fruit and seafood basket of the country, and following the restructuring of administrative units, is now standing at the threshold of becoming a modern, sustainable industrial centre.

The codification of Resolution 42 into the law, effective from mid this month, is an important step, marking a key milestone in completing Vietnam’s NPL resolution process. (Photo: thoibaonganhang.vn)

Bad debt settlement fully benefits from new policy from H2 2026

Resolution 42, enacted in 2017 to pilot bad debt settlement for credit institutions, was introduced in response to a sharp rise in non-performing loans (NPLs). It empowered credit institutions to seize and liquidate collateral assets, expediting debt recovery. After more than six years of implementation, the resolution delivered certain results but expired last year.

The total retail sales of goods and consumer service revenue were estimated at 5.7 quadrillion VND for the first 10 months of the year. (Photo: VNA)

Retail sales growth remains stable over 10 months

With the current recovery momentum, the trade and services sector is expected to continue being a bright spot in Q4, driving GDP growth and ensuring a balance between domestic consumption and exports amid ongoing global economic fluctuations.

Delegates at the event (Photo: Ministry of Finance)

ASEAN meeting to drive regional cooperation, growth by removing barriers

Running from November 5–11, CCS 111 focuses on advancing service liberalisation and facilitation in ASEAN by removing barriers, enhancing transparency, reducing policy risks, and simplifying administrative procedures to enable businesses and service providers to operate more efficiently.

Goods at Hai Phong Port in northern port city of Hai Phong. (Photo: VNA)

Vietnam determined to build transparent global trade system

The Government of Vietnam on November 6 updated the World Trade Organisation (WTO)’s Committee on Rules of Origin (CRO) on adjustments to the agencies and organisations authorised to issue certificates of origin (C/O), as well as on the application of QR codes in the C/O issuance process.