U.S. Department of Commerce Finalizes Review on Frozen Fish Fillets from Vietnam

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The U.S. Department of Commerce has completed its review of certain frozen fish fillets from Vietnam. The review took place from August 1, 2023, to July 31, 2024.

Background

The Department assessed whether companies from Vietnam sold fish fillets in the U.S. below their normal value. Selling goods at this lower value is known as dumping. Dumping can hurt U.S. businesses.

The Department looked at two main companies: Bien Dong Seafood Co., Ltd. and NTSF Seafoods Joint Stock Company. They found these companies sold the fillets for less than they should have.

New Rates Set

Bien Dong now has a dumping margin of $1.00 per kilogram. NTSF’s margin is $0.38 per kilogram. Two other companies, Cantho Import Export Seafood Joint Stock Company and Nam Viet Corporation, also have a rate. They are set at $0.84 per kilogram.

Partial Cancellation

The Department canceled the review for some companies. This happened because there were no sales with prices to review. They also dropped the Vietnam-wide entity from the review, which means this group’s rate of $2.39 per kilogram will not change.

New Rules

The Department issued new rules for these companies:

  • The cash deposit rate for U.S. shipments will match the new rates.
  • For companies without their own rate, the Vietnam-wide rate ($2.39 per kilogram) will apply.

What’s Next?

U.S. Customs will collect the new deposit rates from now on. If companies bought the fillets and are still storing them, they should pay the right duty to avoid extra charges.

These findings are important. They make sure trade is fair. They also protect U.S. businesses from unfair prices.

Companies and importers need to follow these new rules carefully. This will help the trade between the U.S. and Vietnam stay fair and balanced.


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