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.
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 gained 13.3 million USD from exporting tuna to Italy in the first half of 2019, a year-on-year surge of 60 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
VOV.VN - Shrimp exports are expected to gain a boost during the remainder of 2019 thanks to positive impacts from the free trade agreements Vietnam has signed, particularly the freshly signed EU-Vietnam Free Trade Agreement.
The seafood industry must envision a long-term strategy to make full use of new trade pacts and prepare for problems that might arise when they take effect, Truong Dinh Hoe, VASEP general secretary, said.
Vietnam’s tra fish exports to Southeast Asian countries were worth US$87.3 million in the first five months of the year, a year-on-year increase of 14.6 per cent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
VOV.VN - Vietnam exported 4,281 tons of breaded shrimp to the United States during the past five month with a total value of US$30.9 million, an increase of 53 per cent in volume and 48 per cent in value in comparison with the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast that tra fish exports to the EU will increase by 20-35 percent in 2019.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening the door wide for Vietnamese tra fish, a major foreign currency earner, to enter the markets of 10 other members of the deal.