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.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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