Business

Challenges still ahead for Vietnamese seafood exporters

Despite rosy export growth in the first seven months, Vietnamese enterprises still face a line-up of hurdles in the remaining months of the year, including input material quantity and quality and barriers from import markets, heard a conference in Ho Chi Minh City on August 28.
Challenges still ahead for Vietnamese seafood exporters ảnh 1Shrimp processed for exports. Despite rosy seafood export growth in the first seven months, Vietnamese enterprises still face a line-up of hurdles in the remaining months of the year. (Photo: VNA)

HCM City (VNA) – Despite rosy seafood export growth in the first sevenmonths, Vietnamese enterprises still face a line-up of hurdles in the remainingmonths of the year, including input material quantity and quality and barriersfrom import markets, heard a conference in Ho Chi Minh City on August 28.

According to General Secretary of the Vietnam Association of Seafood Exportersand Processors (VASEP) Truong Dinh Hoe, after a slight expansion of 5 percentin the first quarter of the year, mostly spurred by tuna, cuttlefish, octopus,Vietnamese shipments continued to soar over 10 percent in during April-June and30 percent in July.

Total Vietnamese seafood export in the seven-month period ending in Julymounted to 4.4 billion USD, a year-on-year surge of 17.3 percent, Hoe stressed.

With such gain, VASEP forecasts that total seafood shipments will reach 8billion USD for the whole year, up 14 percent from last year’s figure, thanks tokey exports like shrimp, tra fish, tuna, cuttlefish and octopus.

However, experts said that major challenges, such as high anti-dumping dutiesand the US inspection programme, require domestic exporters to get constantupdates to have appropriate export plans, especially the adaptation to themarket fluctuations.

At the conference, VASEP put forth activities to overcome trade barriers andbuild trade mark for Vietnamese tra fish, promote international cooperation andthe domestic sale channel as well as develop added value goods.

Meanwhile, Deputy Minister of Agriculture and Rural Development Vu Van Tam saidthat the ministry is making a beeline to realise the Government’s programme tobuild national trade mark for shrimp and tra fish.

In addition, the ministry is collecting suggestions from specialists to amend theVietnam Fisheries Law to make it much more suitable for the sector’s businessand production in the new context.-VNA
VNA
# rosy seafood export growth #first seven months #Vietnamese enterprises #Vietnam Association of Seafood Exporters and Processors #high anti-dumping duties #adaptation to the market fluctuations
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