EU is an export market that brings high added value and is the destination of many seafood exporters in Ba Ria – Vung Tau. With 20 enterprises authorized for export to EU, its average annual seafood export turnover reaches US$200 million. So far this year, Ba Ria – Vung Tau’s export turnover to this market decreased by 11% over the same period of 2009. Besides such common difficulties as lack of raw materials for processing, lack of labor, problems of domestic and international legal regulations, the biggest trouble is weakening EUR and decreasing expenditure.
Mr. Le Van Khang, General Director of Coimex said that exporters to EU must meet such mandatory standards as food hygiene, safety, labeling manners, documentation, delivery deadlines, etc as well as understand “rules” of importers to maintain this market.
Although more strict requirements, EU remains an ideal market for exporters with the attractiveness of price and high input power. Mr. Nguyen Canh Cuong, Deputy General Director of European Market Department, Ministry of Industry and Trade of Vietnam said some EU member states remain the support regime for enterprises in the block to cooperate with Vietnam’s enterprises. Besides, some member countries such Finland and Sweden are designing the support program for new enterprises to seek partners in Vietnam. Especially, EU highly assesses ecological environment in Vietnam, EU consumers are willing to pay higher price for organic products and considers Vietnam as one of potential organic product producers. Agriculture and fishery product producers must understand Euro GAP standards and pay attention to other issues such as pesticide residues management, social responsibility, fair trade, etc.
In Vietnam, the Ministry of Industry and Trade (MIT) also has programs to help its enterprises improve product quality, trade promotion and market expansion to EU. In 2010 alone, MIT held many workshops and supported some enterprises to research EU market. This is a good opportunity for enterprises to bring their products into the market.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
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