Authorities should closely monitor the import and export of goods, including goods origin, to prevent customs declaration fraud, a seminar heard in HCM City recently.
The domestic fishing industry should promote production of tra fish and shrimp by the end of this year to take advantage of the export potential of both commodities on the world market, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam earned 369.1 million USD from exporting tra fish to the US in the first nine months of this year, up 42.9 percent year-on-year.
Positive signals in key Vietnamese markets for tra fish exports like China, the EU and the US, have pushed material and fillet prices to the highest level to date.
A recent rise in anti-dumping lawsuits in the local steel industry has steelmakers worried.
Seafood export value in the first nine month of the year was estimated at 6.4 billion USD, a year-on-year increase of 7.2 percent, according to the Department of Farm Produce Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s aquatic products are forecast to bring home 9 billion USD from exports in 2018, up 7 percent from the previous year, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam enjoyed a surge of 46 percent in aquatic products’ export value to the US market in August to 188.7 million USD, pushing the total revenue in the first eight months of this year to 982.9 million USD, up 7 percent over the same period last year.
The US Department of Commerce (DOC) reduced anti-dumping duties on Vietnamese tra and basa (pangasius) fish under its preliminary conclusion of the 14th period of review (POR14) for the period from August 1, 2016 to July 31, 2017.
The US Department of Commerce (DoC) has announced the final results of the 12th Period of Review (POR 12), lowering the antidumping tariff on shrimp imports from Vietnam.
The potential for cooperation between Vietnam and the US remains huge, especially in trade and investment, Prime Minister Nguyen Xuan Phuc has said.
Vietnamese steel has faced nearly 10 trade remedy cases in just over a month, which has once again put the industry under great pressure from trade barriers in other countries.
The US Department of Commerce (DoC) has announced to impose anti-dumping and anti-subsidy taxes on laminated woven sacks produced in Vietnam.
Updated information on legal trends and trade protection in the US as well as recommendations for Vietnamese enterprises were given to businesses at a conference held in Hanoi on June 25.
The seafood companies should work closer with various ministries such as trade and industry and foreign affairs to overcome trade barriers that hinder Vietnamese seafood exports, a top agriculture official said.
High anti-dumping tariff and the US Seafood Import Monitoring Programme (SIMP) are now key barriers facing Vietnamese shrimp exporters.
Vietnam is working to accelerate agricultural exports as growing global protectionism has impacted international trade and export of Vietnamese staples.
Despite high anti-dumping tariff imposed by the US, Vietnam exported to the market 108 million USD worth of Tra fish products between January and April, up 26 percent from the same period last year.
