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August 21, 2013

Vietnam

Video—TV Broadcast on Subsidy Duties

 

This five-minute, YouTube video is a news broadcast from Vietnam about the duties placed on Vietnam for subsidizing its shrimp exports to the United States.  Broadcast in Vietnamese and English, with English voice-overs for the Vietnamese portions of the video, the commentator says, “This will have a huge impact on the farming, processing and exporting of Vietnam shrimp, involving 600,000 people.  ....Under the USA Department of Commerce’s latest decision, two compulsory defendants Minh Qui Seafoods Company, Ltd., and Nha Trang Seaproduct Company will face anti-subsidy duties of 7.88 percent and 1.15 percent, respectively.   Other Vietnamese businesses that export frozen shrimp to the USA will be hit by the tax at a rate of 4.52 percent.  The USA Department of Commerce (DOC) asked USA Customs and Border Protection to collect cash deposits sent by Vietnamese exporters to the USA as of June the fourth this year.”

 

On its webpage, the Vietnam Association of Seafood Exporters and Producers says, “The imposition of the DOC’s duties is ‘unfair’ on Vietnam shrimp exporters and producers, who comply with a market mechanism and have never received any government subsidy or any other kind of subsidy the for shrimp sector.”

 

Information: Kim Thu, Vietnam Association of Seafood Exporters and Producers, 218 Road No. 6, Zone A, An Phu An Khanh New Urban Area, District 2, Ho Chi Minh City, Vietnam (phone +84-8-62810430, fax +84-8-62810437, email vasephcmcity@vasep.com.vn, webpage http://www.seafood.vasep.com.vn).

 

Sources: 1. YouTube.  US Imposes Anti-Subsidy Duties on Vietnamese Shrimp.  August 16, 2013.  2. VASEP (Vietnam Association of Seafood Exporters and Producers).   VASEP Protests Against Countervailing Duty of Vietnam Shrimp Exporters.  August 19, 2013.

 

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