Vietnam’s aquatic product exports are likely to rake in 9 billion USD this year thanks to the implementation of new generation free trade agreements, according to experts.
Tuna exporters in the central provinces of Khanh Hoa, Binh Dinh and Phu Yen said the number of tuna orders from the US, Canada, Brazil and Columbia in January rose significantly as compared to the same time last year.
Vietnamese tuna appears ideally placed to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA), with shipments rising 0.5 percent year-on-year to 126 million USD during January-November despite COVID-19.
Vietnam’s tuna exports to the Middle East and Africa have seen positive signs since the beginning of the year despite declines in overall seafood exports in the face of COVID-19, First Secretary and Head of the Trade Office at the Vietnamese Embassy in Egypt Nguyen Duy Hung said on October 25.
A workshop was held in the south-central province of Khanh Hoa on October 10 to promote tuna supply chain, and tuna exports to the EU under the EU-Vietnam Free Trade Agreement (EVFTA).
Turnover of Vietnamese tuna exported to the EU has increased in the double digits since the EU-Vietnam Free Trade Agreement (EVFTA) took effect at the beginning of August.
Vietnam’s shrimp and tuna exports to EU markets showed signs of recovery in July and August despite the impact of COVID-19, rising slightly against previous months and the same period last year.
Vietnam’s shrimp and tuna exports to EU markets showed signs of recovery in July and August despite the impact of COVID-19, rising slightly against previous months and the same period last year.
Vietnam recorded a trade deficit of 101.4 million USD with Israel in the first five months of this year due to declines in the export of key commodities and the resumed import of items of high value.
The European Union (EU) will eliminate tariffs on fresh and frozen Vietnamese tuna products, with 11,500 tonnes of canned tuna and 500 tonnes of canned fish balls exempted annually, once a free trade pact the two sides have signed comes into effect possibly in August.
Vietnam has seen an increasing export of canned tuna to a number of key market though adverse effects of the COVID-19 pandemic, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
In the difficult economic context caused by the novel coronavirus (COVID-19) pandemic, the Vietnam Association of Seafood Exporters and Producers (VASEP) suggested tuna processors and exporters tap the domestic market.
Tuna-fishing boats in the central province of Khanh Hoa are busy with the ongoing season, as a vessel can earn nearly 100 million VND (4,300 USD) per trip, Dan Viet online newspaper reports.
Expanding international cooperation will be a key to helping the Vietnamese tuna sector to create its brand in the global market, according to insiders.
Last year, Vietnam’s tuna exports exceeded 719 million USD, an increase of 10.2 percent from 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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