Vietnam’s shrimp export to Japan sees sharp increase

Vietnam’s shrimp exports to Japan in the first quarter of this year increased by 29.6 percent year-on-year to reach 135.4 million USD, making Japan the country’s largest shrimp importer.
Vietnam’s shrimp export to Japan sees sharp increase ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Vietnam’s shrimp exports to Japan in the first quarter of this year increasedby 29.6 percent year-on-year to reach 135.4 million USD, making Japan thecountry’s largest shrimp importer.

According to theVietnam Association of Seafood Producers and Exporters (VASEP), shrimp exportsto Japan recovered since August 2016 and kept growing until March 2017.

The associationattributed the rise to changes in tastes of local consumers who now prefercheaper aquatic products to salmon, tuna and cuttlefish.

Demand fordifferent kinds of shrimp among high-end consumers also increased, theassociation said, noting that all these factors have drawn shrimp businesses toJapan.

AlthoughVietnamese shrimp is sold at a high price of 12 USD per kg on average, they arestill popular thanks to their improved quality, the association said.

Cooperationprogrammes in agriculture between the two countries have also facilitatedVietnam’s shrimp export to Japan, the association added, asking Vietnamesebusinesses to maintain product quality and prestige.

Vietnamese shrimpfirms, however, said they still face various difficulties, especially ashortage of raw shrimp.

The Director ofThien Phu Export Seafood Processing Company Limited said the company is makingevery effort to ensure material supply by connecting with shrimp farms whichfollow GlobalGap standards, covering a total area of 500 ha in the Mekong Deltaprovince of Bac Lieu.

VASEP forecastthat Vietnam’s shrimp export turnover in 2017 will amount to about 3.4 billionUSD, up 9 percent year-on-year, of which export value of white-leg shrimp isexpected to edge up 8 percent to hit about 2 billion USD.-VNA 
VNA

See more

Loading and unloading steel products at Hoang Dieu–Chua Ve Port, Hai Phong city (Photo: VNA)

Hai Phong city seeks to boost inland waterway transport

According to the Hai Phong Maritime Administration, inland waterways carry coal, agricultural products, ores, stone, cement and other bulk cargoes, helping ease pressure on roads, particularly those connecting seaports and industrial parks.

Speakers at the conference (from left): AVPI Advisory Board Chair Dr Le Thu Huong, Australian Ambassador to Vietnam Gillian Bird, and Vietnamese Consul General in Sydney Nguyen Thanh Tung. (Photo: VNA)

Vietnam, Australia turn momentum into practical cooperation

Vietnam and Australia should focus on promoting two-way investment, expanding cooperation linked to APEC 2027 and making better use of people-to-people connections. Vietnam needs capital, skills, technology, infrastructure, and energy transition expertise - areas where Australia could offer valuable support.

The interface of the National E-Procurement System. (Photo: muasamcong.mpi.gov.vn)

Vietnam to move PPP bidding online from 2027

From January 1, 2027, PPP project proposals must be submitted through the National E-Procurement System. From September 1, 2027, investor selection for PPP projects tendered through open bidding will move fully online.

An automated robot-based production line at CAYI Technology Vietnam Co., Ltd. in Yen Phong II-C Industrial Park, Bac Ninh city (Photo: VNA)

EuroCham: Business Confidence Index in Vietnam remains high at 78.3 in Q3

The survey found that 64% of respondents described their current business conditions as good or very good, while 28% maintained a neutral or cautious outlook, reflecting a wait-and-see attitude as international demand remains flat and businesses look for policy momentum to translate into faster procedures and more predictable outcomes.

Workers manufacture handheld power tools at the Keystone Electrical Vietnam factory in Lien Ha Thai Industrial Park, Thai Thuy commune, Hung Yen province (Photo: VNA)

Vietnam seeks to turn FDI inflows into domestic value added

Vietnam is shifting its FDI attraction strategy from expanding investment volumes to prioritising capital inflows that brings technology, knowledge, modern management practices and stronger links with domestic businesses, particularly in semiconductors, artificial intelligence (AI), chips and renewable energy.

At Yadea Vietnam’s smart manufacturing plant in Tan Hung Industrial Park, Bac Ninh province (Photo: VNA)

Vietnam ties FDI incentives to local supplier commitments

Incentives will increasingly hinge on investors’ performance and commitments, not just on landing projects. Key commitments include transferring technology to Vietnamese firms, training workers, providing technical support and opening FDI supply chains to domestic companies.

Green SM has launched all-electric taxi service in the US. (Illustrative photo: VNA)

Green SM launches all-electric taxi service in US

The move brings Green SM into one of the world’s most dynamic and demanding markets. It also marks another step in the international expansion of the Vietnamese mobility brand, following its rapid growth across markets in Asia and Europe.

An overview of the meeting between IMF Managing Director Kristalina Georgieva and ASEAN Finance Ministers and Central Bank Governors (Photo: VNA)

Vietnam strengthens financial cooperation at IMF-World Bank annual meetings

The Vietnamese Governor underscored the complementary roles of global and regional financial cooperation mechanisms, including the Chiang Mai Initiative Multilateralisation (CMIM) and the ASEAN+3 Macroeconomic Research Office (AMRO). He also highlighted the importance of technical assistance in fintech, digital transformation, cybersecurity and risk management.

Representatives of the organising committee at the opening ceremony of the fair (Photo: VNA)

Vietnam-Cambodia trade expo promotes bilateral economic cooperation

The Vietnam-Cambodia Business Networking and Product Promotion Exposition has become a key trade promotion event, creating business and investment opportunities while strengthening mutual understanding and trust between the two countries’ armies, people and enterprises.