Vietnamplus

Minh Phu Seafood Joint Stock Company (JSC) has opposed the US Customs and Border Protection (CBP)’s application of anti-dumping tariffs on its frozen shrimp exports.

Vietnam's seafood exports to the European Union (EU) market this year is forecast to decrease by 20 percent compared to last year, reaching only over 1 billion USD, heard a workshop held in the Mekong Delta city of Can Tho on October 16.

The Republic of Korea (RoK) is the fifth largest importer of Vietnamese shrimp products, accounting for 10.7 percent of the country’s total shrimp export value.

Vietnam's shrimp industry expects to increase exports this year end because of a rise in demand, according to the Vietnam Association Seafood Exporters and Producers (VASEP).

Shrimp exports to Canada as of mid-May had reached 54.7 million USD, a 32 percent rise year-on-year, following steady increases since 2016, aside from a slight dip last year, according to the Vietnam Association of Seafood Exporters and Producers.

Vietnam’s pushback of the COVID-19 pandemic has helped shrimp exporters raise their competitiveness on the world market, overtaking competitors such as India and Ecuador, which are still struggling with the outbreak and not yet able to return to normal production.

Shrimp is a key export item of many provinces in the Cuu Long (Mekong) River Delta, but the Covid-19 epidemic has caused challenges for exporters.

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.

The Mekong Delta province of Ca Mau has set a target to earn 1.2 billion USD from exports in 2020.

The fisheries sector in 2020 will focus on granting certification to brackish shrimp farms (tiger shrimp and white-leg shrimp), tra fish farms and aquaculture in cages, Director of the Directorate of Fisheries Tran Dinh Luan said.

Despite facing an array of difficulties in export markets and particularly challenges in removing the European Commission (EC)’s “yellow card” warning against illegal, unreported and unregulated (IUU) fishing, the domestic fishery sector has worked out measures to make use of export opportunities.

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.

The Mekong Delta province of Bac Lieu will work closely with FLC Group and Viet Uc Group to build and develop brands for local shrimp products under a cooperative deal inked between the provincial People’s Committee and the two corporations on October 3.

The US Department of Commerce (DOC) on August 22 released the final results of the 13th period of review (POR 13), officially imposing zero percent tariffs on 31 Vietnamese shrimp exporters.

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.

The Mekong Delta province of Ca Mau has developed more clean farming models for shrimp and rice that meet Vietnamese good agricultural practices (VietGAP) standards and organic standards to meet the rising demand for them, especially in export markets.

An alliance was set up on June 17 with a view to promoting sustainable shrimp production, an important sector in Vietnam’s agriculture.

The European Union has agreed to allow Thailand to negotiate its export quota for 31 products following a request lodged by Thai trade representatives in December 2018.

To gain a larger market share in China, aquatic product exporters of Vietnam have been urged to target restaurants and hotels.

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.