(VEN) - The Vietnam Association of Seafood Exporters and Producers (VASEP) said that the recovery and growth of shrimp exports to almost all markets, especially the EU, allowed it to predict that seafood exports in the fourth quarter would possibly reach US$1.7 billion and if this came true, the yearly export index would reach US$6.5 billion. Shrimp exports to the EU recover VASEP's statistics show that following continuous decreases, 5.2 percent in the first quarter and 1.5 percent in the second quarter, shrimp exports to the EU strongly recovered in the third quarter with a growth rate of 40.5 percent compared with the third quarter of 2012, reaching US$125.7 million. Shrimp exports to three other major markets, Germany, the UK and France, respectively grew 24.8 percent, 65 percent and 71.8 percent. Since the beginning of this year, while shrimp exports to many other EU countries decreased, shrimp exports to France remained on the rise. In the first nine months of 2013, shrimp … [Read more...] about Seafood exports to reach US$6.5 billion
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EU grants market access to new seafood exporters
HA NOI — The European Commission has granted another 53 Vietnamese seafood exporters access to the EU market. There are now 379 Vietnamese firms exporting seafood to the EU, said the National Agro-Forestry-Fisheries Quality Assurance Department. Viet Nam Association of Seafood Exporters and Producers general secretary Truong Dinh Hoe said he was optimistic about key export markets, including the EU, because of their economic recovery. Exporters would expand market share in East European and North African countries and India, he said. Many had already signed contracts which would help the sector achieve its US$5 billion target in exports this year. However, they would face many obstacles, including protectionism, technical barriers and strict quarantine, food hygiene and safety standards, the association said. The shortage of raw material would also be a challenge. At present, almost all seafood exporters were operating at 30-40 per cent of processing capacity. Viet Nam has … [Read more...] about EU grants market access to new seafood exporters
EU gives access to 25 more seafood exporters
Hanoi Times - The European Commission (EC) has recognized 25 more Vietnamese seafood companies as meeting requirements to export products to the EU. The newly recognized seafood companies will be able to export to the EU as of January 31, 2008. With the new decision, the total number of Vietnamese seafood companies eligible to export to the EU has reached 269. The 25 newly recognized companies include two canned food processors and 23 frozen product exporters. Problems with food hygiene and antibiotic residue were the main reasons why the EU had previously rejected seafood imports from Vietnam. In 2007, the EC's Health and Consumer Protection Directorate sent two inspection delegations to Vietnam to examine the implementation of the program on controlling toxic chemical substances in aquaculture (January 2007), and examine the control over seafood farming and processing sanitation (September 2007). The EC's inspection tours led to the commission's decision that actions taken by … [Read more...] about EU gives access to 25 more seafood exporters
Seafood exporters prepare for crisis
A decline in shrimp from India and Indonesia is likely to create opportunities for Viet Nam's seafood exporters as they struggle with the difficulties stemming from the global economic crisis. So too will the newly-signed economic agreements with Viet Nam's second best customer for seafood, Japan. The Viet Nam-Japan Economic Partnership Agreement and the ASEAN-Japan Comprehensive Economic Partnership Agreement will come into effect this year. Both are expected to ensure Japan continues to buy Viet Nam's frozen shrimp, tuna and other species of saltwater fish, reports the Viet Nam Association of Seafood Exporters and Producers. Not unexpectedly, the association forecasts that numerous seafood exporters will focus on the Japanese market because of the crisis. Major market Japan is Viet Nam's major market for frozen shrimp - yearly revenue is put at almost US$400 million - and Quoc Viet Co Ltd general director Ngo Van Nga said his company had already sent one container of crustacean to … [Read more...] about Seafood exporters prepare for crisis
Seafood exports to earn $5 billion in 2011
Vietnam 's seafood sector has set a target of earning $5 billion from exports in 2011. To reach this target, the Seafood Development Planning and Consultancy Centre (SDPCC) has recently released a scenario for the country's seafood development over the next ten years, under which, the annual seafood output will reach 1.62 million tonnes and the turnover of exports will hit $6.5 billion during the 2011-2015 period. Output is expected to be 1.9 million tonnes with a revenue of $8 billion over the following five years. According to the centre director Tran Thi Dung, the seafood sector needs to invest in upgrading processing factories and building cold storages as soon as possible while maintaining exports to major markets such as the US, Japan and the EU. The state should also arrange preferential loans for seafood businesses, she added. Many seafood experts say that to boost sustainable development, the sector should build processing factories according to individual economic regions, … [Read more...] about Seafood exports to earn $5 billion in 2011