US Maintains Anti-Dumping Order on Vietnamese Basa Fish, Top Rate Still 63.88%
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The US anti-dumping measures on frozen fillets of Vietnamese basa fish (pangasius) will continue. On June 11, the US International Trade Commission ruled that if the current anti-dumping order were revoked, the US domestic industry could again be "materially injured." This decision means that some Vietnamese frozen fillet products will still be subject to long-term anti-dumping duties when entering the US market.
This anti-dumping order has been in effect for more than 20 years. The US first determined in 2003 that relevant Vietnamese frozen fillets were entering the US market at prices below fair value, and established anti-dumping measures accordingly. Under US trade remedy procedures, anti-dumping and countervailing measures are typically reviewed every five years to determine whether dumping and injury to the US domestic industry would be likely to continue or recur if the measures were revoked.
This is the 4th five-year review, known in the US trade remedy system as a "sunset review." The US International Trade Commission initiated the review on December 1, 2025, and decided on March 6, 2026, to use the expedited review procedure. The Commission considered that US domestic interested parties had responded adequately, including Catfish Farmers of America; the respondents for the products under investigation had responded inadequately.
In the June 11 vote, US International Trade Commission Chair Amy A. Karpel, along with Commissioners David S. Johanson and Jason E. Kearns, all supported maintaining the current anti-dumping order. The Commission will issue a full report by July 16 explaining its review conclusions, injury determination and the basis for continuing the anti-dumping order.
The attached screenshot of the US Federal Register lists the weighted-average dumping margins under the original 2003 anti-dumping order, with rates varying widely among Vietnamese companies:
Vietnamese frozen fillet producers/manufacturers/exporters
Weighted-average dumping margin
Agifish
47.05%
Vinh Hoan
36.84%
Nam Viet
53.68%
CATACO
45.81%
Afiex
45.55%
CAFATEX
45.55%
Da Nang
45.55%
Mekonimex
45.55%
QVD
45.55%
Viet Hai
45.55%
Vinh Long
45.55%
Vietnam-wide rate
63.88%
Vinh Hoan remains the major company with the lowest rate in the table, subject to a weighted-average dumping margin of 36.84%. The attachment states that Vinh Hoan Corp is Vietnam's largest basa fish exporter, and the US is also its largest market. Compared with other named companies, Vinh Hoan's rate is lower, but the 36.84% level still means relatively high entry costs. For US customers, purchasing Vietnamese basa fish is not just about the base quote; they must also assess duty rates, customs clearance risks and supplier compliance records.
Nam Viet's rate is 53.68%, the highest tier among the named companies. Agifish is 47.05%, CATACO is 45.81%, and Afiex, CAFATEX, Da Nang, Mekonimex, QVD, Viet Hai and Vinh Long are all 45.55%. These rates directly affect companies' ability to quote in the US market and also affect US importers' choice of suppliers.
Unnamed companies face greater pressure. All Vietnamese companies not appearing in the table are subject to the Vietnam-wide rate of 63.88%. This rate significantly raises export costs, making it harder for small and medium-sized enterprises, new entrants or companies lacking a stable administrative review record to enter mainstream US channels. When purchasing, US importers are more likely to choose suppliers with clear duty rates, complete documentation systems and stable historical customs clearance records.
The US maintaining the anti-dumping order also shows that the US domestic catfish industry still retains influence within the trade remedy framework. Catfish Farmers of America participated in this review and was recognized as a US domestic interested party. US domestic catfish and Vietnamese basa fish compete in price bands, foodservice channels, the frozen fillet market and some retail scenarios. Continued enforcement of the anti-dumping order will continue to protect relevant US domestic producers from the impact of low-priced imports.
For Vietnam's basa fish industry, the US remains a high-value market, but the trade threshold has not fallen. Vietnam's basa fish exports are already affected by raw material prices, processing costs, exchange rates, order rhythms and changes in international demand. With the anti-dumping order continuing, companies' operational focus in the US market will still fall on duty rate management, compliance documents, customer structure and product added value. Companies with lower rates have a relative advantage, while companies with higher rates need to diversify risk through other markets.
This ruling will also affect competition in the US low-priced whitefish market. Vietnamese basa fish has long competed with tilapia, Alaska pollock, true cod, US catfish and other frozen fillet products. With the anti-dumping order continuing, the price elasticity of Vietnamese basa fish in the US market is constrained. If US importers need to control costs, they may re-compare landed costs among Vietnamese basa fish, Chinese tilapia, Alaska pollock fillets and other whitefish products.
In the short term, this decision will not change the basic landscape of Vietnamese basa fish in the US market, but it will extend the existing cost structure. After the US International Trade Commission releases its full report, companies will also need to watch the scope of covered products, the reasons for the review and subsequent administrative review developments. For Chinese seafood processing plants and traders, procurement costs, duty rate differences and supplier compliance capabilities in the US whitefish market will still affect competition among different frozen fillet categories.
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