Analyst Pin-board Shrimp Sector: the SIMP Program May Affect Exports from Vietnam in Early 2019
The final anti-dumping (AD) tax on Vietnamese shrimps in POR 12 (1st Feb 2016 to 31st Jan 2017) has been announced on the 10 of Sep 2018: all companies are taxed at 4.58%. This is considered very good for the Vietnamese shrimp sector as the final tax rate is much lower than the preliminary one of POR 12 (25.39%) and the final one of POR 11 (25.76%). Shrimp exports are expected to recover strongly for the rest of 2018 and in 2019. However, there is still a complicated barrier in the US market for Vietnamese exporters to overcome - the Seafood Import Monitoring Program (SIMP) program, which will come into effect on at the end of December.
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