Business

Seven-month fishery export value drops 1 percent

The fishery export value in the first seven months of 2019 was estimated at nearly 4.7 billion USD, down 1 percent from the same period last year, according to the Ministry of Agriculture and Rural Development’s Department of Farm Produce Processing and Market Development.
Seven-month fishery export value drops 1 percent ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – The fisheryexport value in the first seven months of 2019 was estimated at nearly 4.7billion USD, down 1 percent from the same period last year, according to theMinistry of Agriculture and Rural Development’s Department of Farm ProduceProcessing and Market Development.

Japan, the US, China and theRepublic of Korea were the top four importers of Vietnam’s fishery products inthe period. In combination they accounted for 55.9 percent of the SoutheastAsian country’s total fishery export revenue.

Meanwhile, strong growth was recordedin shipments to Mexico (21.3 percent), Taiwan (16.6 percent), Malaysia (13.2percent) and Japan (11 percent).

The department noted that shrimpexport to the EU, the largest importer of Vietnamese shrimp, in the first halfof this year reduced by 25.9 percent year on year to 300 million USD.

However, the department hopedthat shrimp shipments to this market would rebound under the impact of theEU-Vietnam Free Trade Agreement (EVFTA) which was signed in Hanoi on June 30this year and is expected to take effect in the time ahead after being approvedby EU member states.

Under the EVFTA, import tariffson several kinds of Vietnamese shrimp products would be reduced to 0 percent.-VNA

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