Archive for May, 2011

Jan – March: Strong growth in Vietnam shrimp export

Thursday, May 26th, 2011

According to Viet Nam Customs, in Q1/2011, the country shipped 43,500MT of shrimp, worth US$398 million, up 23 percent in volume and 36 percent in value against the same period last year.

Japan, the US and EU remained the three largest markets of Vietnamese shrimp in this period, claiming respectively 24 percent, 21 percent and 19 percent of the market share.

Exports to ten largest markets all experienced two-digit growth. Exports to Russia increased most rapidly, i.e. 789.5 percent in volume and 814 percent in value, followed by Canada (153 percent in volume and 171 percent in value).

In the first quarter of this year, shrimp has been exported to 67 markets worldwide, up more than 10% comparison with the same period last year. Shrimp export is expected to further increase thanks to the positive result of the US Department of Commerce administrative review over anti-dumping tariff on Vietnamese shrimp.

Source: Vietnam Seafood

Pangasius export to Japan

Thursday, May 26th, 2011

In Q1/2011, 178 companies of Viet Nam exported Pangasius to 130 countries and territories worldwide. Pangasius exports in this period reached 153,062MT, totaled US$376.430 million, up 5.2 percent in volume and 21.6 percent in value over the same period last year.

Average export price to all markets increased significantly. Export volume and value to most markets rose.

Ten companies shipped 141MT of Pangasius, worth US$668,600 to Japan, up 1.2 percent in volume and 35.2 percent in value against the same period last year. Many Pangasius export products to Japan were value-added.

In Q1/2011, Viet Nam exported 47MT of processed seafood, worth US$347,000, much higher than 11MT and US$86,000 of the same period last year.

Source: Vietnam Seafood

U.S lowers anti-dumping duties on Vietnam Shrimp

Friday, May 20th, 2011

The U.S. Department of Commerce (DOC) has lowered the anti-dumping duties on frozen warm water shrimp imported from Vietnam in the 12 months to January 31, 2007 to almost zero.

Truong Dinh Hoe, secretary general of the Vietnam Association of Seafood Exporters and Producers (VASEP), told the Dailythat 23 shrimp processors and exporters now pay a 0.01% duty in the Period of Review 2 between February 1, 2006 and January 31, 2007.

“For Vietnamese shrimp exporters, this is a right decision made by the U.S. authorities. If it gets approval from all sides after the consultation period, the DOC will instruct the U.S. Customs and Border Protection to apply the new duty on entries of subject merchandise during the period of review,” he said.

Source: vneconomynews