Sponsored by the France – Vietnam Friendship Association, the Association of Vietnamese in France and the Foyer Vietnam organisation, the event gathered historians, politicians, and legal and economic experts as speakers.
Senator Catherine Deroche, President of the France-Vietnam Friendship Parliamentarians’ Group, said the EVFTA, which is expected to be ratified by the European Parliament and take effect in mid-2019, will create opportunities for Vietnam and France to develop their potential sectors and send out a message on France’s readiness for cooperation with Southeast Asia.
She noted that her group at the French Senate will lobby for the speedy ratification of the FTA.
Laurence Daziano, an economist and lecturer at the Sciences Po university, affirmed Vietnam is a strategic selection of the EU based on five criteria.
According to her, regarding population scale, the country has a young and well-educated workforce. In terms of economic growth, it is the 6th biggest economy in Southeast Asia. Concerning the rate of urbanisation, the number of Vietnamese living in urban areas has increased quickly, making up 34 percent of the total population in 2015 compared to 19 percent in 1990. Vietnam’s demand for infrastructure construction and modernization is on the rise. Finally, thanks to its political stability and suitable policy for investment attraction, the country has climbed up the World Bank’s Doing Business rankings.
Participants agreed that the EVFTA will facilitate European countries’ trade through tariff cut for auto and wine/alcohol products, the accreditation of geographical indications protection, and high environmental protection standards.
They noted that French investors are interested in new opportunities in Vietnam, which is a gateway for them to access the Southeast Asian market of more than 600 million people.
Injecting 3.4 billion USD into the Vietnamese market, France is now ranked third among European investors in the country. Nearly 300 French enterprises are operating in Vietnam, creating some 26,000 jobs. The two countries marked 45 years of diplomatic relations and 5 years of strategic partnership in 2018, with General Secretary of the Communist Party of Vietname Nguyen Phu Trong visiting France in March and French Prime Minister Edouard Philippe visiting Vietnam in November.
VNA
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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