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.
Vietnamese enterprises are showcasing their products at the Brussels Seafood Expo 2019 in Belgium from May 7-9, aiming to give Vietnamese seafood a firmer foothold in the European market.
Vietnam sets a target of earning 4.1-4.2 billion USD from shrimp exports this year, higher than 3.6 billion USD recorded in 2018, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).
Vietnam has many opportunities to increase white-leg shrimp exports to the European Union (EU) in the future, according to the Vietnam Association Seafood Exporters and Producers (VASEP).
The seafood companies should work closer with various ministries such as trade and industry and foreign affairs to overcome trade barriers that hinder Vietnamese seafood exports, a top agriculture official said.
Vietnam’s shrimp export value to Canada reached 27.7 million USD by March 2018, a year-on-year increase of 16 percent, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The European Union (EU) market was the largest export market of Vietnamese shrimp in the first quarter of this year, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The Ministry of Agriculture and Rural Development has asked People’s Committees of cities and provinces with large areas of shrimp farms to employ different solutions in order to reach targets set in the national action plan for the development of the shrimp industry through 2025.
Vietnam’s shrimp industry will become a key economic sector if the national action plan for the development of the shrimp industry by 2025 meets its targets.
The Vietnam Association of Seafood Exporters and Processors (VASEP) has projected shrimp exports to continue gathering momentum this year, particularly in the EU and China.
Vietnam gained its highest ever seafood export value of 8.32 billion USD in 2017, a year-on-year increase of 18 percent, according to the Ministry of Agriculture and Rural Development.
Rising sea levels have exacerbated saline intrusion and coastal erosion in Vietnam, but farmers can make the best out of a bad situation by shifting from agriculture to aquaculture, raising brackish water shrimp.
The Ministry of Agriculture and Rural Development (MARD) has submitted to the Prime Minister a national action plan for the development of the shrimp industry through 2025.
The National Agro-Forestry- Fisheries Quality Assurance Department issued a document on December 20 requesting seafood processors to strengthen their checks for Sulfadiazine in shrimps to be shipped to Japan.
The development direction of brackish water shrimp farming and processing was discussed at a conference held in the southern province of Bac Lieu on September 14.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has lowered its forecast for shrimp export turnover to 3 billion USD from 3.3 billion USD in 2016.
The US Department of Commerce (DOC)’s imposition of anti-dumping duties
on Vietnamese shrimp products is unfair and contradicts the principle of
trade liberalisation and the economic and trade ties between the two
countries, Foreign Ministry spokesman Le Hai Binh told reporters in
Hanoi on September 27.
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