Meanwhile, exports of these seafood products to Japan, China, Brazil and the ASEAN bloc have increased significantly in the first eight months of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). In the first eight months of this year, the value of Vietnam’s shrimp exports to the US was nearly USD 416 million, down 4.4 percent over the same period in 2016. The US has dropped from being the largest export market for Vietnamese shrimp in 2006 to fourth place now. According to the association the reduction was mainly due to the impact of the US Department of Commerce (DOC) increasing anti-dumping duties in the preliminary determination of the 11th administrative review (POR11) for Vietnam’s shrimp on the US market. In addition, strong competition from India - the main competitor for Vietnamese shrimp in the US market, has contributed to the current … [Read more...] about No year-end surge in tra fish, shrimp exports to US: VASEP
Shrimp exports
Vietnam’s shrimp exports earn $1.56 billion in H1
Vietnam’s shrimp exports in the first half of this year rose 15.7 per cent year-on-year to US$1.56 billion, thanks to declining supply sources from other shrimp exporting countries. A frozen seafood production line at a Saigon Food JSC factory in HCM City’s Binh Chanh District. VASEP forecast that Viet Nam’s shrimp export would reach $3.4 billion this year, up 9 per cent against last year. Of the total, white-legged shrimp made up $955 million, up 20.4 per cent, while black tiger shrimp slid 5.3 per cent to $421 million, the Viet Nam Association of Seafood Exporters and Producers (VASEP) reported. According to VASEP, the country’s shrimp exports rose sharply in the second quarter, although it declined in the first quarter due to a shortage of raw materials in the domestic market. In the second quarter, shrimp material supplying sources witnessed an increase when the harvest season arrived, … [Read more...] about Vietnam’s shrimp exports earn $1.56 billion in H1
Shrimp export: Cà Mau seeks to earn $2b
Viet Nam News CÀ MAU - Southernmost Cà Mau Province is striving to earn US$2 billion from shrimp exports by 2020, nearly doubling last year's export revenue. Under a project to boost the shrimp industry, the province aimed at expanding shrimp raising farms to 280,000ha by 2020, with total output of 280,000 tonnes. By 2030, the shrimp raising areas would no longer be expanded, but productivity would be improved from one tonne per hectare per year to 1.48 tonnes, which would help boost total output to 415,000 tonnes. Shrimp export revenue was expected to reach $3 billion by 2030. According to Nguyễn Tiến Hải, chairman of the provincial People's Committee, Cà Mau Province had great potential to boost shrimp production due to an intertwined river system. However, shrimp production in Cà Mau Province was heavily dependent on the weather, and there were insufficient measures to mitigate the negative impact of national disasters, especially droughts, flood tides and landslides, which … [Read more...] about Shrimp export: Cà Mau seeks to earn $2b
EU inspects Vietnamese shrimp export enterprises
EU inspects Vietnamese shrimp export enterprises Huynh Van HCMC - Inspectors of the European Union (EU) have examined several shrimp exporters in Bac Lieu and Ca Mau provinces due to doubts about the designation of origin, said Tran Thanh Hai, deputy director of the Import-Export Department under the Ministry of Industry and Trade. "Since Vietnam enjoys preferential tariffs, EU countries require us to guarantee the Vietnamese origin of products exported to them," Hai explained at the 2017 annual economic forum held by Can Tho People's Committee on April 13. Currently, EU import tariffs for Vietnam's shrimp are much lower than those for India. Specifically, the tariff for unprocessed shrimp imports from Vietnam is 4.2%, compared to 12% for India. For semi-processed shrimp, Vietnam enjoys a tax rate of about 7% while that of India is 20%. The EU side suspected that Vietnamese enterprises may have imported shrimp from India and then shipped it to the EU. Therefore, EU inspectors have … [Read more...] about EU inspects Vietnamese shrimp export enterprises
Vietnam faces USD10bn shrimp export challenge
Prime Minister Nguyen Xuan Phuc has urged the shrimp sector to achieve export value of USD10 billion by 2025; however, it won’t be easy for the sector to reach the ambitious target. Speaking at a seminar on shrimp breeding in Soc Trang Province on March 23, Minister of Agriculture and Rural Development Vu Van Tam said the ministry had set the target of USD10 billion in shrimp export by 2030. But, under the prime minister’s instruction, the ministry needs to take more drastic measures to reach the goal by 2025. According to the minister, it would not be easy to obtain the goal as the shrimp sector is facing many difficulties. The shrimp sector needs scientific and technological breakthroughs in breeding, production, and disease control. It also needs to expand export markets and respond appropriately to technical barriers. Dang Quoc Tuan, deputy general director of Vietnam-Australia Seafood Corporation, said that Vietnam needs to solve environmental problems, as the … [Read more...] about Vietnam faces USD10bn shrimp export challenge