HCM City (VNA) – Shares of shrimpexport businesses rose sharply during the trading session on August 22.
This was a positive sign after Vietnam’s shrimpindustry received good news that the US reduced its anti-dumping tariffs leviedon Vietnamese shrimp to zero percent.
Specifically, shares of Sao Ta Food Joint StockCompany (coded FMC) rose 6.64 percent to 32,100 VND per share; Camimex Group (codedCMX) up 3.6 percent to 30,300 VND per share; Ca Mau Seafood Joint Stock Company(CAT) increased 1.11 percent to 9,100 VND per share; and Minh Phu SeafoodCorporation (MPC) up 8.3 percent to 30,000 VND per share.
A day earlier, the USDepartment of Commerce (DOC) released the final results of the 13th period ofreview (POR 13) from February 1, 2017 to January 31, 2018, imposing a zero-percenttariff on 30 Vietnamese shrimp exporters.
According to VietnamAssociation of Seafood Exporters and Producers (VASEP), Vietnam's shrimpexports to the US have recently bounced back.
In July 2019, shrimpexports to the US market increased 37.2 percent to reach 77 million USD,raising the total turnover in the first seven months of this year to 327.4million USD, a year-on-year rise of 5 percent.
Apart from the US,Vietnam is exporting shrimp to other major markets such as the EU, the Republicof Korea, and China.-VNA
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Processing shrimp for export (Photo: VNA) 
