VOV.VN - Approximately 220 tariff lines of aquatic products with basic tax rates of 0 - 22% are set to be slashed to 0% immediately after the European Union-Vietnam Free Trade Agreement (EVFTA) comes into effect, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Diversifying products and adapting quickly to market fluctuations will help create growth momentum and remove difficulties for seafood exports, experts have said.
VOV.VN - The steady recovery of the Chinese and Japan markets has served to boost the total export of aquatic products in May to nearly US$ 3 billion, representing a 6% fall in comparison to the same period last year, according statistics released by the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s seafood exports will continue to see reductions in next few months due to the pandemic, with a slight year-on-year decrease of 5% to US$2 billion in the second quarter, according to the Vietnam Association Seafood Exporters and Producers (VASEP).
VOV.VN - Vietnam’s shrimp exports to the United States, Japan, and the Republic of Korea (RoK) have flourished during the first two months of the year despite enduring drops in exports to the European Union and China as a result of the novel coronavirus (COVID-19) epidemic, according to the General Department of Vietnam Customs.
VOV.VN - Vietnam’s seafood exports during 2019 are expected to record an approximate increase of 10 per cent in comparison with the previous year.
Vietnam’s seafood exports to China are expected to rise in the second half of this year to reach the 1.2 billion USD target for the whole of this year as China’s seafood demand is on the rise, and the escalating US-China trade tension is likely to create as an opportunity for Vietnamese exporters to increase their market share in China.
Vietnam’s wood and seafood exports could be the next to attract U.S. tariffs if it fails to prevent goods origin fraud, experts have warned.
Vietnam’s seafood export turnover in June reached 794 million USD, raising the total value for the first half of the year to nearly 4 billion USD, up 0.3 percent year on year, according to the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority (AgroTrade).
VOV.VN -China is one of four markets where Vietnamese seafood products hit more than US$1 billion per year in import value and is considered one of the most important consumption markets for the country’s seafood products.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has expressed concern over a decline in Vietnam’s seafood exports to China due to the sharp depreciation of the yuan.
The Ministry of Agriculture and Rural Development (MARD) has asked relevant agencies and coastal localities to employ solutions to fulfill targets set for the fishing season from April through September.
VOV.VN - Vietnam earned US$9 billion from aquaculture exports last year despite restrictions imposed on many of its key exports. This year the fishery industry has targeted an export revenue of US$10 billion.
Vietnam earned about US$9 billion from exports of aquatic products in 2018, an increase of 8.4% year-on-year, said Acting Director General of Directorate of Fisheries Nguyen Ngoc Oai.
Seafood export value in the first nine month of the year was estimated at US$6.4 billion, a year-on-year increase of 7.2%, according to the Department of Farm Produce Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD).
With its continuous growth over the past 10 years, ASEAN has become an important market for Vietnamese seafood, and the prospect of US$1 billion worth of yearly seafood export revenue is reachable.
The fishery sector needs to take actions to convince the European Commission (EC) to remove a “yellow card” warning on Vietnamese seafood so as to realise the set target of US$9 billion in export turnover this year.
Although Vietnam has made concrete efforts to fight illegal, unreported, and unregulated (IUU) fishing, the country’s seafood exports will likely face a bumpy ride ahead, said an official on August 23.
Vietnam’s seafood export value in the first seven months of 2018 was estimated at US$4.63 billion, up 6.3% over the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnamese seafood companies need to work harder to realise the export target of US$10 billion set by the Ministry of Agriculture and Rural Development (MARD) when oversea shipments in during January-July were estimated at only US$4.66 billion.