Le Thanh Hoa, Deputy Director of the Agricultural Product Processing and Market Development Department at the Ministry of Agriculture and Rural Development (MARD) speaks at the workshop (Photo: VNA) Can Tho (VNA) – Vietnam'sseafood exports to the European Union (EU) market this year is forecast to decrease by 20 percent comparedto last year, reaching only over 1 billion USD, heard a workshop held in theMekong Delta city of Can Tho on October 16.
Accordingto Le Thanh Hoa, deputy director of theAgricultural Product Processing and Market Development Department at theMinistry of Agriculture and Rural Development (MARD), the elimination oftariffs in the EU-Vietnam Free Trade Agreement (EVFTA) is expected to create agreat opportunity for Vietnam’s seafood exports.
From the beginning of August, the number of export orders of seafoodhas increased by about 10 percent compared to July 2020.
Vietnam’s seafood production value increased by 2.48 percent, while the exportturnover reached 692 million USD in the first nine months of this year despite impact caused by the global COVID-19 pandemic, Hoa said.
Piotr Harasimowicz, ChiefRepresentative Officer ofthe PolishInvestment and Trade Agency inVietnam, said during the COVID-19 pandemic, Polish consumers’ demand for frozenand canned products is increasing.
Seafood exports fromVietnam to Poland in the first eight months of 2020 reached 19.6 million USD,up over 24 percent over the same period last year.
Harasimowicz advised Vietnamese enterprises to focus on controlling the qualityof their products, saying that in order to stand firm in the Polish market,Vietnamese products need to meet regulations on food quality and safety and ata reasonable price.
A report of theNational Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD) at the workshop showed that out of the 805 Vietnameseenterprises exporting seafood to markets across the world, there are 579enterprises exporting seafood to the EU, accounting for 72 percent. Vietnam'sseafood products have penetrated deeply and have a firm foothold in the EU, ranking 11th in the market share in the market.
The EUhas recognised Vietnam's aquatic food safety control system, and NAFIQADas the Vietnamese authority to control seafood exported to the EU.
It remained the secondlargest importer of Vietnamese shrimp products after the US in the2010-2019 period. The shrimp export turnover to the market in this period averagelygrew by 8.7 percent per year.
In thenext five years, Vietnam's seafood exports to the EU will grow better if the “yellowcard” warning forillegal seafood exploitation by the European Commission is removed, and the country takes advantageof tax incentives brought by the EVFTA. The turnover in the next five years isforecast to reach 1.2 -1.5 billion USD per year./.
It remained the secondlargest importer of Vietnamese shrimp products after the US in the2010-2019 period. The shrimp export turnover to the market in this period averagelygrew by 8.7 percent per year.
In thenext five years, Vietnam's seafood exports to the EU will grow better if the “yellowcard” warning forillegal seafood exploitation by the European Commission is removed, and the country takes advantageof tax incentives brought by the EVFTA. The turnover in the next five years isforecast to reach 1.2 -1.5 billion USD per year./.
VNA
