Seafood exports

Processing Tra fish for export (Photo: VNA) HCM City (VNA) - Mexico has risen from the fourth in 2021 to become the 3rd largest tra fish export market of Vietnam, only after China and the US. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first seven months of this year, tra fish exports to Mexico grew by 73%, reaching 73.5 million USD and accounting for 4.5% of Vietnam's total turnover. Over 90% of tra fish shipped to the market were frozen fillets. In July alone, the country spent more than 11 million USD on the Vietnamese product, doubling that of the same period last year. Le Hang, Deputy Director of the VASEP Training and Trade Promotion Center, said with the advantage of competitive prices, plus preferential tax benefits under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam ese seafood remains a good choice for Mexican importers. In the first half of this year, 30 Vietnamese … [Read more...] about Mexico becomes bright spot for Vietnam’s tra fish exports

From the beginning of this year to the middle of July, pangasius exports reached nearly US$122 million, an increase of 91 per cent. — VNA/VNS Photo Pangasius exports to the EU market are forecast to reach over US$200 million in 2022, up 90 per cent compared to 2021, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP). From the beginning of this year to the middle of July, the pangasius exports reached nearly $122 million, an increase of 91 per cent. This is a good business result for the domestic pangasius production industry after a long period of solid decline in pangasius exports to the EU from 2010. Notably, all markets in the EU bloc strongly increased imports of Vietnamese pangasius, with the lowest growth rate at 25 per cent and the highest at nearly six times the figure of last year. The top five most significant markets in the bloc included the Netherlands (up 72 per cent), Germany (up 107 per cent), Spain (up 75 per cent), Belgium (up 92 … [Read more...] about Pangasius exports to EU expected to gain strong growth this year

Raw materials shortage s In the first half of 2022, export turnover of goods reached US$185.94 billion, up 17.3 percent over the same period last year. But while many enterprises have orders until the end of the year, they cannot speed up production due to raw material shortages. Director of Datalogic Vietnam Limited Liability Company, Dang Van Chung said the market demand is large, but businesses cannot accept new orders due to lack of electronic components. It also takes time to find alternative sources of raw materials, as reflected in the factory's revenue being 15 percent lower than the plan. “The shortage of electronic components is a general problem of the electronics industry. Relevant departments of the company are helping seek alternatives to meet customers’ needs,” said Chung. Vo Quang Ha, Vice Chair of the Dong Nai Wood and Handicraft Association, said wood supplies from Europe to Vietnam have plunged due to the impact of the Russia-Ukraine war. … [Read more...] about Exporters struggle with raw materials shortages

Since the launch of the EAEU in 2016, bilateral trade turnover has been on a steady rise and reached $630 million in 2021, nearly tripled that of in 2016. Vietnam seeks cooperation with Kazakhstan in revising the Vietnam-Eurasian Economic Union (EAEU) Free Trade Agreement, which comprises Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan) to facilitate bilateral trade and investment cooperation. Prime Minister Pham Minh Chinh and Kazakhstan’s Deputy Prime Minister and Foreign Minister Mukhtar Tileuberdi. Source: VGP Prime Minister Pham Minh Chinh stressed the view during a meeting with Kazakhstan’s Deputy Prime Minister and Foreign Minister Mukhtar Tileuberdi today, as the latter is currently on a visit to Vietnam from August 17-18. According to Chinh, Vietnam prioritizes its long-standing relations with Kazakhstan, welcoming the significance of Mukhtar’s visit at a time when both are celebrating the 30 th anniversary of diplomatic relations … [Read more...] about Vietnam seeks revision of EAEU FTA to boost trade with Kazakhstan