Vietnamplus

Vietnam needs to strengthen measures to achieve the sustainable development of seafood exports to the EU market, especially after the EVFTA comes into effect, according to experts.

The Southernmost province of Ca Mau is working hard to support local seafood businesses and achieve the year’s seafood export target of 1.2 billion USD.

Vietnam’s seafood exports will continue to see reductions in next few months due to the pandemic, with a slight year-on-year decrease of 5 percent to 2 billion USD in the second quarter, according to the Vietnam Association Seafood Exporters and Producers (VASEP).

Fishery enterprises’ first-quarter profits were hit hard due to the negative impacts of the COVID-19 outbreak.

Export revenues in the southern province of Kien Giang hit 153 million USD in the first quarter of this year, a year-on-year surge of 32 percent despite the complexities created by the COVID-19 pandemic, according to the province’s Department of Industry and Trade.

With Vietnam’s main agro-forestry-fishery export markets after China such as the US and Europe being hit by the new coronavirus-caused acute respiratory disease (COVID-19), Vietnamese exporters are suffering.

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).

Vietnam’s seafood export value reached 3.2 billion USD last year, a 8-percent increase from a year earlier, the highest rate ever, according to the Vietnam Association of Seafood Exporters and Producers.

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.

Director for the Directorate General for Maritime Affairs and Fisheries’ International Ocean Governance and Sustainable Fisheries of the European Union Veronika Veits has expressed impression on Vietnam’s outcomes in following the EC’s recommendations regarding the settlement of illegal, unreported and unregulated (IUU) fishing.

An inspection team from the European Commission planned to return to inspect the implementation of the EC's recommendations to combat illegal fishing (IUU violations) from Nov.5-12.

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.

A technology and equipment fair and a fest for innovative startups in the Mekong Delta (Techmart-Techfest Mekong 2019) opened in Can Tho city on October 22, bringing together nearly 200 participants.

Vietnam has huge potential for ocean aquaculture but the lack of a proper development plan, preferential policies and application of high technology has hindered its development.

Vietnam’s export of aquatic products in July showed positive signs with an increase of 9 percent year-on-year, particularly with exports of shrimp and other products rising, except for pangasius.

The Southeastern and Mekong Delta regions together have contributed up to 63.7 percent of the national gross domestic product (GDP), Deputy Minister of Planning and Investment Nguyen Van Trung said on August 14.

The agro-forestry-fishery sector raked in 3.55 billion USD from exports in July, raising the total value in the first seven months of this year to 23.03 billion USD, up 2 percent year on year, the Ministry of Agriculture and Rural Development has reported.

Vietnam’s seafood export turnover in June reached 794 million USD, raising the total value for the first half of the year to nearly 4 billion USD, up 0.3 percent year on year, according to the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority (AgroTrade).

The Supreme People’s Procuracy has completed the indictment to prosecute Le Quang Thung, former General Director of the Vietnam Rubber Group (VRG), for the charge of deliberately acting against the State's regulations on economic management and causing serious consequences under Article 165 of the Criminal Code 1999.

With its current position, Vietnam is in top five countries supplying large seafood in the world and quality products such as shrimp, catfish, tuna have been present in the toughest markets.