Tra fish processing for export (Photo: VNA) Accordingly, the US authority determines that two Vietnamesecompanies, Vinh Hoan Corporation and Can Tho Import Export Seafood Joint StockCompany (Caseamex), which were selected for individual examination as mandatoryrespondents, will enjoy a tax rate of 0 USD per kilo and 0.14 USD per kilo,respectively.
A rate of 0.14 USD per kilo will be applied on othercompanies including Cafatex Corporation, International Development andInvestment Corporation, Loc Kim Chi Seafood Joint Stock Company, and Hung VuongCorporation.
The preliminary tax rate given at the POR19 has decreased from the finalresults of the previous review.
According to VASEP, the US was the largest tra fish importer of Vietnam in 2015and 2016. Since 2019, it has fallen to the second position after China, consumingabout 22% of the product.
Vietnam mainly exports frozen tra fish fillets to the US,along with frozen pieces/cuts, frozen breaded, dried puffed and fried skinproducts from tra fish.
However, in the first half of this year, due to economic crisis and high inventory,Vietnam’s tra fish exports to this market slowed down. As of August 15, Vietnamhad shipped 169 million USD worth of tra fish to the US, down 59% year on year.
Experts held that the positive POR19 results, combined withmarket factors such as increasing consumer demand during the year-end holidayseason and decreasing inventories, will positively affect tra fishexport of Vietnam to the US in the last months of the year.
VASEP PR Director Le Hang said that as of the end of August, Vietnam’s aquatic exportrevenue generated from the US market reached over 1 billion USD, down 39% yearon year.
However, Hang held that the US, with the third largestpopulation in the world, will still be the leading strategic partner of theVietnamese fisheries sector, not only with traditional products but also highadded value products to meet the demand of the middle income class or immigrants./.
VNA
