That completely matches with information from a seafood market workshop recently held on the occasion of Vietnam Vietfish seafood fair in HCMC. The Ministry of Agriculture and Rural Development reports that seafood products have been exported to over 160 markets in the world with the three largest traditional ones being the US, the EU and Japan with the turnover of US$1 billion a year. Brackish water shrimp and pangasius fish are the two largest exported items. The US market has made the fish known in the world while the EU and Japan have contributed to the outstanding development of Vietnamese shrimp industry for the las two decades. After the US imposed anti-dumping tax on pangasisus fish products and banned Vietnamese businesses from using name catfish but tra fish instead, the products have penetrated the EU market with the name of pangasius fish and then entered many nations in Asia and America. Since 2016, the EU has no longer been in the top three … [Read more...] about Seafood export likely to move from far to near markets
Seafood exports
Vietnamese seafood exporters now put high hopes on South Korean market
VietNamNet Bridge - Vietnam exported $475 million worth of seafood products to South Korea in the first eight months of the year, an increase of 27 percent compared with the same period last year. In 2016 Vietnam exported $617 million worth of products, up by 5.5 percent over the same period last year. The major import items were shrimp, small octopus and Juichi cuttlefish, while frozen products accounted for 69.6 percent and processed products 30.3 percent. Analysts believe that now is the right time to boost seafood exports to South Korea. Under the Vietnam-South Korea FTA, more product items can enjoy preferential tariffs, including seafood. RELATED NEWS Challenges still ahead for Vietnamese seafood exporters Trade … [Read more...] about Vietnamese seafood exporters now put high hopes on South Korean market
Vietnam’s seafood exports to US face tough recovery
Viet Nam’s seafood exports to the United States reduced in the first five months, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP). Also, it will face difficulty in recovering in the next few months, VASEP said. The nation saw a year-on-year growth of 7.5 per cent in the total export value of seafood to US$2.76 billion in the first five months, but the export value of local seafood products to the US fell by 12.7 per cent year-on-year to $461 million, the association said. The reduction made the US only the second largest export market for Viet Nam in the first five months of this year, against the first place in the same period last year, it said. The fall was partly due to the anti-dumping duty on Vietnamese tra fish and shrimp in the US market. The exports of Vietnamese seafood products to the US was expected to face difficultly in recovering by the end of … [Read more...] about Vietnam’s seafood exports to US face tough recovery
Seafood exports to Japan go by leaps and bounds
Seafood exports to Japan go by leaps and boundsTrung Chanh CAN THO – Japan has overtaken the U.S. and the EU to become the largest buyer of Vietnam’s seafood with US$468 million worth of shipments in the first five months of the year, up 29.3% year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Meanwhile, seafood exports to the U.S. and the EU fell to US$461 million and US$448 million respectively, a decrease of 12.7% and 0.7% respectively. VASEP explained that shrimp shipments to the U.S. plunged due to the anti-dumping duty stateside. Meanwhile, Japanese demand for shrimp increased thanks to the appreciation of the Japanese yen against Vietnam dong, making Vietnamese shrimp more competitive there and attracting more domestic shrimp processing enterprises. In addition, tra fish exports to the EU fell sharply, contracting 21.5% to US$49.9 million in the first quarter of 2017, leading to a year-on-year decrease in … [Read more...] about Seafood exports to Japan go by leaps and bounds
Farmed seafood exports likely to hit USD 30-35 billion by 2030
The output of saltwater fish in 2016 nearly doubled that of 2010, reaching 28,300 tons. Dung said Vietnam has been one of the world's leading countries in sea-culture since 2012 and its seafood exports have increased in recent years. However, to reach the said-above figures, the government needs to adopt policies to encourage investment in sea-culture, he added. Nguyen Ba Son, a representative from the Directorate of Fisheries, said by the end of 2016, the country had 6,300 hectares of ponds and nearly 1.2 million cubic meters of cages to raise saltwater fish. The output of saltwater fish in 2016 nearly doubled that of 2010, reaching 28,300 tons. Key fish farming provinces include Khanh Hoa, Quang Ninh, Kien Giang, and Ba Ria-Vung Tau. Experts advised State management agencies and businesses to clearly define consumption markets to avoid massive development before pouring investment in the field. Lucas Manomaitis, Technical Director for Aquaculture in Southeast Asia of the US Soybean … [Read more...] about Farmed seafood exports likely to hit USD 30-35 billion by 2030