Vietnam’s shrimp exports continued to shrink over the last 11 months in the face of fierce competition from other major exporters. But it is expected to make its way back next year with the EU-Vietnam trade deal coming into force.
Vietnam’s aquatic export revenue is estimated to reach 778 million USD in November this year, pushing the total earnings in the first 11 months of 2019 to about 8 billion USD.
VOV.VN - Vietnam’s shrimp exports fell by 6.4 per cent to US$2.8 billion during the first ten months of the year, with exports to the EU hardest hit with a sharp decline of 19.9 per cent to only US$580 million, according to data released by the Vietnam Association of Seafood Exporters and Producers (VASEP).
VOV.VN - Vietnam’s tra fish exports to Malaysia have witnessed double-digit growth in recent times, according to figures released by the Vietnam Association of Seafood Exporters and Producers (VASEP).
Seafood exporters expect transport costs to surge by 30 percent when new international limits on sulfur content in fuel take effect next January.
VOV.VN - Vietnam’s aquatic exports during the first nine months of the year are estimated at US$6.3 billion, representing a slight decrease of approximately 0.8 per cent against the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Local shrimp-breeding enterprises have mobilised investment from various sources to expand production in an aim to attract partners from shrimp supply chains from around the world.
VOV.VN - This year’s shrimp exports are expected to drop 4 per cent to US$ 3.4 billion in comparison to last year as competition from shrimp prices have exerted pressure on shrimp exporters.
Value chains, which involve fishing, processing and consumption of tuna, have helped Vietnamese tuna products gain competitive edge in more than 200 markets worldwide, according to insiders.
Vietnam’s fishery sector expects to regain a “green card” from the European Commission (EC) after working tirelessly to fight illegal, unreported and unregulated (IUU) fishing, but much work needs to be done, especially fishing management and attitude of local fishermen.
Vietnam exported 1.93 billion USD worth of shrimp during January-August, down 8.1 percent from the same period last year, according to the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.
Vietnam's tra fish (pangasius) industry has seen a plummet in stock prices due to falling tra fish prices and volatile export markets.
VOV.VN - Vietnam’s tuna exports to Greece until the end of July increased 104 per cent on-year to nearly US$1.8 million in comparison to last year’s corresponding period, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Export revenue of aquatic products in August was estimated at 833 million USD, bringing the result for the first eight months of this year to 5.52 billion USD, a drop of 1.2 percent over the same period last year.
As Vietnam joins more international trade agreements, dealing with and overcoming trade defence measures has become a top priority for Vietnamese businesses, especially for those working with markets known for their numerous and robust defence instruments such as the US and the EU.
The export value of tra fish in July continued to drop for the fifth consecutive month, down 12.7 percent year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The potential of Vietnam and Indonesia to cooperate in the fishery industry is high since both countries have their own advantages in the sector, said Tran Dinh Luan, head of the Directorate for Fisheries of Vietnam.
Vietnam’s shrimp export value to China in July saw a year-on-year increase of 48 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Vietnam Fisheries International Exhibition (Vietfish) 2019 is scheduled to take place in Ho Chi Minh City from August 29-31, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).
VOV.VN - The price of raw material of Tra fish (pangasius) has been consistently dropping in the past time, hampering the annual target of earning US$10 billion from aquatic exports.