According to information from the Vietnam Association of Seafood Exporters and Producers (VASEP), on June 7, the US Department of Commerce (DOC) announced the preliminary results of the 19th administrative review (POR19) of the anti-dumping duty order (CBPG) on frozen warm-water shrimp imported from Vietnam for the period from February 1, 2023 to January 31, 2024.
According to the announcement, DOC determined that Thong Thuan Company (including Thong Thuan Cam Ranh) did not dump, with a dumping margin of 0%.
Meanwhile, STAPIMEX Company was imposed a preliminary tax rate of up to 35.29%. This tax rate was also applied to 22 other enterprises in the group eligible for separate tax rates but not subject to mandatory inspection, instead of applying the weighted average tax rate from 2 mandatory respondents as usual.
VASEP and related businesses were extremely surprised and deeply concerned about this unusually high preliminary tax rate. During the 19 years that Vietnam has participated in the administrative review of the shrimp anti-dumping lawsuit in the US, no business has ever been subject to a double-digit preliminary tax rate.
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| According to VASEP, during the 19 years that Vietnam has participated in the administrative review of the shrimp anti-dumping lawsuit in the US, no business has ever been subject to a double-digit preliminary tax. |
"This is reminiscent of the case that happened in POR12, when DOC also imposed a preliminary tax rate of 25.76% on FIMEX Company due to a calculation error and then adjusted it to 4.58% in the final result. Therefore, VASEP and businesses have every reason to believe that there was a mistake or error in the result this time" - VASEP assessed.
According to VASEP, STAPIMEX Company has prepared very carefully and is confident with its accounting system to have the lowest tax rate.
However, VASEP and businesses believe that there were some errors on both sides that led to incorrect data, and this preliminary result is so high that it is difficult to understand. STAPIMEX Company will quickly supplement and believe that the final result will accurately reflect the export reality of Vietnamese businesses - no dumping into the US market.
Although the preliminary results are not yet effective and may be adjusted in the final results (expected to be announced in December 2025), this information has been negatively affecting the psychology of US importers, affecting purchasing plans, export orders and, more worryingly, affecting the psychology and operations of shrimp farmers in Vietnam.
In 2025, in the context of the Trump Administration initiating a policy of imposing high reciprocal tariffs on many countries, including Vietnam, the current unusual preliminary tax rate will further aggravate the challenges that the Vietnamese shrimp industry is facing when accessing the US market.
"VASEP urgently requests that DOC reconsider the calculations in the preliminary results, ensuring objectivity, fairness and compliance with practices implemented in previous reviews, to protect the legitimate rights of Vietnamese enterprises and maintain stability in seafood trade between the two countries," VASEP said.
Source: Lao Dong Newspaper
Source: https://baosoctrang.org.vn/kinh-te/202506/my-vua-cong-bo-dieu-gi-khien-nganh-tom-viet-phai-chu-y-5f01d55/
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