Vietnamese enterprises need to improve product quality, build their brands, and ensure product traceability to increase the exports of agricultural and aquatic products, experts said at a recent seminar held in HCM City.
Vietnam earned 570 million USD from exporting aquatic products in May, raising the total figure in the first five months of this year to nearly 3 billion USD, a year-on-year decline of 6 percent.
Vietnam earned 570 million USD from exporting aquatic products in May, raising the total figure in the first five months of this year to nearly 3 billion USD, a year-on-year decline of 6 percent.
In the difficult economic context caused by the novel coronavirus (COVID-19) pandemic, the Vietnam Association of Seafood Exporters and Producers (VASEP) suggested tuna processors and exporters tap the domestic market.
Vietnam’s tra fish exports fell 29.3 percent year on year to 334 million USD in the first three months of this year, due to the COVID-19 pandemic, but the industry – a big foreign currency earner – may fully recover in the third quarter, according to the Directorate of Fisheries.
Vietnam exported nearly 13 million USD worth of tra fish to China in the first half of March, 1 million USD higher than February’s number, a sign of recovery for Vietnamese exports of aquatic products to the neighbouring country.
The fisheries sector of Vietnam is facing an array of difficulties as the acute respiratory disease caused by the novel coronavirus (COVID-19) has led to contracted exports.
Among 23 sectors listed on the stock market, four are expected to enjoy positive growth, nine forecast to see negative impacts in the short-term, while 10 others not likely to be affected.
Two-way trade between Vietnam and Israel hit around 899 million USD in the first 10 months of 2019, with Vietnam enjoying a trade surplus of 401 million USD.
Vietnam’s aquatic export revenue is estimated to reach 778 million USD in November this year, pushing the total earnings in the first 11 months of 2019 to about 8 billion USD.
Sufficient material supply for processing plants is expected to help the seafood industry rake in 9 billion USD in export revenue in 2019, said the Ministry of Agriculture and Rural Development.
Export revenue of aquatic products in August was estimated at 833 million USD, bringing the result for the first eight months of this year to 5.52 billion USD, a drop of 1.2 percent over the same period last year.
Vietnam is likely to earn 10 billion USD from exporting aquatic products in 2019, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development.
The CPTPP will create a good chance for Vietnamese shrimp exporters to capitalise on the Canadian market, even though the Southeast Asian nation is already the top shrimp supplier there.
The Ministry of Industry and Trade (MoIT) has worked out comprehensive solutions to expand and seek more export markets for Vietnam’s goods, towards fostering the country’s export, especially to member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Canada is now a promising market for Vietnamese goods as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to open up this market for Vietnamese goods, heard a workshop in Hanoi on April 25.
Fifteen leading Vietnamese enterprises is taking part in the Seafood Expo North America, the biggest annual event of its kind in the region, which opened in Boston, the US, on March 17.
Vietnam raked in 700 million USD from aquatic exports in January, a year-on-year rise of 15.2 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s rice exporters could be set for a big first quarter, with demand from the Philippines and Indonesia being forecast to increase due to the impact of recent natural disasters.
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