According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the US Department of Commerce (DOC) has announced the preliminary results of an administrative investigation to review the anti-dumping tax on Vietnamese frozen catfish fillets from August 1, 2022 to July 31, 2023 (POR20).
Vietnamese catfish exporters are not subject to any anti-dumping tax since there is no product dumping into the US market.
Vietnam’s catfish has just received the best news in the past 20 years.
According to regulations, after 120 days of public preliminary results, the DOC will announce the final results. In many cases, the final results are different from the preliminary assessment.
However, the preliminary results of POR20 can be considered the best news for the Vietnamese catfish industry, following 20 years of being involved in a dumping lawsuit in the US.
According to Vietnam Customs, the output of catfish in August 2024 was estimated at 148.2 thousand tons, up 3.9% over the same period last year. The price of raw catfish remained high, so farmers and businesses increased their farming output, meeting the demand for processing and export.
In August 2024, Vietnam’s catfish exports reached nearly 191 million USD, up 12% compared to August 2023. In the first 8 months of the year, catfish exports were nearly 1.3 billion USD, up 9% over the same period last year. In particular, value-added (VAT) catfish products in the first 8 months increased by 38% over the same period in 2023. Up to now, Vietnamese catfish has conquered more than 140 markets in the world.