Aquatic product exporters have been advised to make the most of every market opportunity in the remaining months of this year to speed up the recovery process.
Prime Minister Pham Minh Chinh on April 13 stressed the need to ease difficulties and remove obstacles, especially in terms of market, institutions, and credit capital, for the production, processing and export of forest and aquatic products.
PM Pham Minh Chinh on April 13 chaired a conference where he worked with the VIFORES and the VASEP to seek solutions to hurdles facing agro-fishery production and exports.
Fisheries export value was estimated at US$1.85 billion in the first quarter of this year, a fall of 27 percent compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession.
Vietnam’s aquatic exports are forecast to hit US$11 billion in 2022, according to General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe.
Recently, seafood exports in the Mekong Delta have seen many bright spots and impressive growth. Despite a deceleration lately, export enterprises have affirmed that they would strive to overcome difficulties, achieving a seafood export turnover of US$11 billion in 2022 - a record milestone for Vietnam's seafood industry.
Vietnam’s fishery sector is preparing for the visit by an EC delegation at the end of this month, during which they will inspect the fight against illegal, unreported and undocumented (IUU) fishing in the Southeast Asian nation.
Tra fish exports to member countries of the Association of Southeast Asian Nations (ASEAN) have been rising sharply, and this market is forecast to surpass the European Union in terms of catfish imports from Vietnam in the near future, the Cong Thuong (Industry & Trade) newspaper reported.
Vietnam’s aquatic exports spiked 40 percent year-on-year to reach nearly US$5.8 billion in the first half of 2022, the Vietnamese Association of Seafood Exporters and Producers (VASEP) has reported.
Seafood shipments overseas have risen in the first half of 2022, and experts say Tra fish exports can increase the market share in the EU, while that of shrimp has a lot of room for growth in Canada.
Total pangasius export turnover in the first quarter of 2022 increased by nearly 90 percent compared to the same period last year. In most major export markets, pangasius export value is growing positively by two to three digits. It is forecasted that pangasius exports to major markets will keep positive growth in the second quarter.
Pangasius export turnover in 2021 topped US$1.62 billion, up 8.4 percent over the same period last year. It is a spectacular comeback of the pangasius industry in 2021, announced the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) on February 25.
The Vietnam Association of Seafood Exporters and Producers (VASEP) and the World Bank (WB) in Vietnam on August 10 released “A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing: The Case of Vietnam”.
Despite being affected by the Covid-19 pandemic, with the initiative from the beginning of the year and the efforts of relevant sectors, associations, and business community, seafood exports have seen a breakthrough, with shrimp products posting impressive growth.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), thanks to free trade agreements, it is forecasted that Vietnam's seafood exports will increase by 10 percent, reaching above US$9.4 billion next year.
According to the Vietnam Directorate of Fisheries, with 82 percent of fishing vessels equipped with vessel monitoring systems, traceability and the application of culturing area codes have significantly improved. However, if there is still one fishing vessel that has not registered or illegally exploits, the European Commission (EC) will continue to keep a yellow card or even give a red card to Vietnam.
Removing the European Commission (EC)’s illegal, unreported and unregulated (IUU) fishing “yellow card” is not easy and cannot be done overnight, but the Vietnamese business community and associations are still determined to do, not only to meet EU requirements, but also for the sake of sustainable fishery development.
Shrimp exports reached US$1.5 billion in the first six months of 2020, up 5.7 percent over the same period last year, reported Vietnam Association of Seafood Exporters and Producers (VASEP).