Exports of aquatic products in the second quarter could increase by 8 percent at the highest, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnamese tra fish, a major foreign currency earner, has gradually won the trust of Japanese consumers as seen in the market’s emergence as one of the 10 biggest tra fish importers of Vietnam.
The Mekong Delta province of An Giang posted a surge in exports between January and April, driven by rising demand for its staple products from many markets, according to the local Department of Industry and Trade.
The poor logistics services in the Mekong Delta have pushed up the costs of export goods, especially farm produce, and caused great losses to export firms, it was reported at a workshop in Can Tho city on April 23.
Export revenues of agro-forestry-fishery products in April is estimated to hit 3.5 billion USD, pushing the figure in the first four months of this year to 12.4 billion USD, equivalent to the figure recorded in the same period last year, reported the Ministry of Agriculture and Rural Development.
Several of Vietnam’s specialty aquatic products are being showcased at the Seoul International Seafood Show 2019, which opened in the capital city of the Republic of Korea (RoK) on April 22.
The Mekong Delta province of An Giang posted an import-export revenue of 248.8 million USD in the first quarter of 2019, a surge of 29.42 percent year-on-year.
Vietnamese businesses have been urged to change their production and export methods to boost shipments to China – a big but increasingly demanding market for agricultural imports.
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.
The export of aquatic products earned the country 372 million USD in February, bringing the total export value of those products in the first two months of 2019 to 1.11 billion USD, up 4.4 percent from a year ago.
The fisheries sector is aiming at 10 billion USD in the export of aquatic products in 2019, a year-on-year rise of 11 percent, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
Japan is set to lift 86 percent of the tariff lines for Vietnamese products in line with its commitments in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The central province of Quang Tri has decided to allocate nearly 55 billion VND (2.3 million USD) to support owners of fishing vessels with a capacity of 90CV and above this year.
The management capacity of the aquaculture sector needs to be improved for efficient and sustainable development and production, heard a conference in Nha Trang, the central coastal province of Khanh Hoa, on January 11.
The Mekong Delta province of Tien Giang exported 2.7 billion USD worth of products in 2018, surpassing its target by 1.9 percent and up 8.3 percent from the previous year.
The Mekong Delta province of Kien Giang earned nearly 580 million USD from exports in the first 11 months of 2018, exceeding its yearly target by 11.3 percent, and representing a surge of 35 percent from the same period last year.
Japan’s Binh Dinh Evertrust firm began construction on a seafood processing and preservation plant, the first of its kind in the Nhon Hoi economic zone in Quy Nhon city, in the central province of Binh Dinh on October 10.
Businesses should pay more attention to bolster consumption of aquatic products in the domestic market as it holds great potential, said Nguyen Quoc Toan, acting head of the Agro Processing and Market Development Authority, on October 8.