US Probes Vietnam Shrimp Prices, Some Reviews Get Axed
Published Date: 6/11/2025
Notice
Summary
The U.S. checked prices on frozen shrimp from Vietnam and found that one company, STAPIMEX, sold shrimp too cheaply, while others didn’t. They’re also dropping reviews for some exporters who didn’t ship shrimp during the review period from Feb 2023 to Jan 2024. This could affect import duties and money owed, so companies should pay attention and respond soon!
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
STAPIMEX Found Selling Below Normal Value
Commerce preliminarily determined that Soc Trang Seafood Joint Stock Company (STAPIMEX) sold certain frozen warmwater shrimp from Vietnam at prices below normal value during the period of review, February 1, 2023 through January 31, 2024. This preliminary finding specifically identifies STAPIMEX as having made sales below normal value (NV).
Thong Thuan Companies Cleared in Preliminary Review
Commerce preliminarily determined that Thong Thuan Company Limited and Thong Thuan Cam Ranh Seafood Joint Stock Company (Thong Thuan/TTCR) did not sell certain frozen warmwater shrimp from Vietnam at prices below normal value during the period of review, February 1, 2023 through January 31, 2024. The preliminary finding names these companies as not having made sales below normal value (NV).
24 Exporters Eligible for Separate Rates
Commerce preliminarily determined that 24 exporters of certain frozen warmwater shrimp from Vietnam are eligible for separate rates during the period of review, February 1, 2023 through January 31, 2024. These exporters are identified as eligible for individual (separate) rate treatment rather than being treated as part of a Vietnam-wide entity.
Review Rescinded for Non-Shipping Exporters
Commerce is rescinding the administrative review for certain exporters that had no reviewable entries of the subject merchandise during the period of review, February 1, 2023 through January 31, 2024. The rescission applies specifically to exporters with no reviewable shipments in that 12-month period.
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The U.S. Commerce Department found that some shrimp sellers from Thailand sold their frozen warmwater shrimp at unfairly low prices between February 2023 and January 2024. They also discovered that 175 companies didn’t ship any shrimp during this time, so the review for those companies is being canceled. This could affect import duties and how much money these companies might owe or save.
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