The Middle East is currently the best selection for Vietnamese exporters of canned tuna to expand market in the context that the consumption demand in such traditional markets as the US and the EU are experiencing a slowdown, the Vietnam Association of Seafood Exporters and Producers (VASEP) said.
Tra fish export value is expected to exceed US$2 billion this year, higher than the industry’s target, according to experts.
Seafood producers are finding it difficult to get their products onto domestic supermarket shelves due to a lack of detailed regulations about the minimum required performance limit (MRLP) applied to prohibited substances.
Vietnam’s aquatic products are forecast to bring home US$9 billion from exports in 2018, up 7% from the previous year, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam enjoyed a surge of 46% in aquatic products’ export value to the US market in August to US$188.7 million, pushing the total revenue in the first eight months of this year to US$982.9 million, up 7% over the same period last year.
Vietnam’s seafood export to the EU market is facing various difficulties, said involving companies at a conference reviewing one-year implementation of a campaign that urges local fishery firms to commit to combating illegal, unreported and unregulated (IUU) fishing.
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 Vietnamese fishery sector needs a sustainable development strategy to stand firm in the world market for the long-run, experts have said.
The Vietnamese shrimp exporters have been in a tough year in 2018 as world supply saw strong increases that brought down both shrimp price and demand in major markets.
Tra fish (pangasius) exports are likely to surpass US$2 billion for the first time this year, presenting an opportunity for Vietnam’s aquatic product exports to realise or even exceed its yearly goal of US$9 billion.
Many Vietnamese businesses have been reportedly tricked by foreign partners from Morocco, Canada, New Zealand and the US recently.
Vietnam’s tra fish export turnover to the US surpassed that to China to hit US$58.5 million in July, making up 30% of the country’s total export value of tra fish.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has urged the Mekong Delta provinces, especially An Giang, to apply advanced technologies in tra (pangasius) fish production.
Vietnam’s tuna export revenue is likely to reach the target of US$500 million in 2018 as the figure already hit US$351 million in the first seven months of this year, while growth has been seen in the majority of markets.
Tra fish exports to the European Union (EU) have recovered following incorrect news published by overseas media, said General Secretary of the Vietnam Association of Seafood Exporters and Processors (VASEP) Truong Dinh Hoe.
The Vietnam Association of Seafood Exporters and Producers (VASEP) on August 15 published an article on its website saying inaccurate information about Vietnamese tra fish on several Romanian websites could affect Vietnam’s tra fish exports to this market.
The Vietnam Fisheries International Exhibition (Vietfish) 2018 will be held at the Saigon Exhibition and Convention Centre from August 22-24, the Vietnam Association of Seafood Exporters and Producers (VASEP) has announced.
Young Vietnamese scientists gathered in the Mekong Delta city of Can Tho on August 10 to introduce new technologies for aquaculture – a major industry generating export products of the country.
Vietnamese shrimp exporters need to improve quality of their products, and update procedures and requirements in the Republic of Korea (RoK) to overcome technical barriers that hinder the shipments, experts have said.
VOV.VN - Vietnam’s tra fish (pangasius) exports in July soared 13.5% to US$182 million, bringing total export turnover in seven months to US$1.18 billion, up 19.5% against the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).