The Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam Office) has expressed the country’s concern over Brazil’s application of regulations that go beyond international practices on shrimp and tra fish imported from Vietnam.

The Vietnam Association of Seafood Producers and Exporters (VASEP) said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of US$12 billion in 2025, 40% higher than this year.

Vietnam’s seafood export turnover in the first 11 months of 2020 hit US$7.75 billion, down 0.9% from the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - Vietnam’s Tra fish (pangasius) processing sector is projected to gross US$1.5 billion in export turnover this year due to the impact of the COVID-19 pandemic, according to the Vietnam Pangasius Association.

VOV.VN - China (Hong Kong) and the United States remain the two largest export markets for Vietnamese tra fish, with their market shares accounting for more than 50% of the total export value of local tra fish to 133 foreign markets, according to figures released by the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnamese seafood exports during the year’s third quarter began to show signs of a slight increase, with this growth momentum forecast to keep going into the last quarter of the year, according to information released by the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnam’s tra fish, also known as pangasius, exports to the Mexican market suffered a drop of 57.8% to US$28.5 million by mid-September in comparison to the same period from last year, according to data compiled by the Vietnam Association of Seafood Exporters and Producers (VASEP).

Tra (pangasius) fish prices have dropped to their lowest levels in 11 years since exports have been hit by COVID-19, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnamese seafood exports in the fourth quarter of the year are projected to reach approximately US$2.3 billion, a slight decrease in comparison with the same period last year amid COVID-19 challenges, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The COVID-19 pandemic could provide a good opportunity for the Vietnamese fisheries sector to increase its share in oversea markets, especially with foreign rivals engulfed by lockdowns or other forms of restrictions, experts have said.