Vietnamplus

Shrimp exports to Australia increased strongly in 2019, expanding at a two-digit growth rate, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam will strengthen controls on Ethoxyquin in feed production for the fishery industry to ensure stability in seafood exports to the EU, according to the Ministry of Agriculture and Rural Development (MARD).

The EU is a potential market for Vietnam's shrimp industry next year because it is the largest shrimp market in the world, while the shrimp production of this bloc has not met its demand, according to domestic seafood experts.

Vietnamese businesses should prepare to deal with potential trade barriers that could arise early next year when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect, experts have said.

Export revenue of tra fish to the Russian market in the first 10 months of this year fell 31 percent compared to last year to 12.5 million USD, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s shrimp exports continued to shrink over the last 11 months in the face of fierce competition from other major exporters. But it is expected to make its way back next year with the EU-Vietnam trade deal coming into force.

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.

Vietnam shipped a total 34.18 million USD worth of tra fish to Malaysia this year to mid-October, a year-on-year surge of 23.6 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s export of squid and octopus to the US market saw a strong rise of 63.7 percent in the first nine months of 2019 to reach 11.4 million USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

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.

Local shrimp-breeding enterprises have mobilised investment from various sources to expand production in an aim to attract partners from shrimp supply chains from around the world.

Value chains, which involve fishing, processing and consumption of tuna, have helped Vietnamese tuna products gain competitive edge in more than 200 markets worldwide, according to insiders.

Vietnam’s fishery sector expects to regain a “green card” from the European Commission (EC) after working tirelessly to fight illegal, unreported and unregulated (IUU) fishing, but much work needs to be done, especially fishing management and attitude of local fishermen.

Vietnam exported 1.93 billion USD worth of shrimp during January-August, down 8.1 percent from the same period last year, according to the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.

Vietnam's tra fish (pangasius) industry has seen a plummet in stock prices due to falling tra fish prices and volatile export markets.

Vietnam’s tuna exports to Greece increased 104 percent year-on-year to reach nearly 1.8 million USD by the end of July 2019, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

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.

As Vietnam joins more international trade agreements, dealing with and overcoming trade defence measures has become a top priority for Vietnamese businesses.

The export value of tra fish in July continued to drop for the fifth consecutive month, down 12.7 percent year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s seafood exports increased slightly in July but the country is forecast to continue facing challenges, experts told a conference held by the Vietnam Association for Seafood Exporters and Producers in Ho Chi Minh City on August 28.