Japan: Good opportunities for Vietnam pangasius

News 15:30 13/09/2014

pangasius-vietnam.com - In the

There were 10 Vietnamese companies exported to Japan with volume of 141 MT, worth US$666.8 thousands, up 1.2 percent in volume and 35.2 percent in value compared with the same period. In first 3 months of 2011, value added pangasius product export volume reached 47 MT, valued US$347 thousands, higher than 11 MT and US$86 thousands last year.

After radiation leak from the quake-hit nuclear plant in Japan, food supply from Japan – especially seafood – were under strict inspection and scrutiny due to radiation concerns. Many countries such as the U.S. and China banned import of some agricultural products and seafood from areas around the plant Fukushima Daiichi. India suspended seafood import from Japan within three months or more, until the radiation surely came down to an acceptable level. Russia banned imports of seafood products from 242 Japanese processing companies while the others such as the U.K., Singapore, China and Hong Kong announced their bans on some Japanese foods. n the coming time, the EU members were voting for stricter regulations on acceptable radiation levels in Japanese seafood. Many Japanese restaurants in Asia – where served Japanese seafood – said their sales dropped by 80 percent due to radiation concerns. In this context, the world seafood industry will face lack of a great supply from Japan. However, it is really an opportunity for other countries, including Vietnam, to focus their seafood exports to Japan. Moreover, Japanese people love marine fish, but now they have to find alternative fish because of radiation risk.

Though Vietnam pangasius supply is still weak these days, it is necessary to promote Vietnam pangasius products to Japanese people in order to increase pangasius share in the market, currently accounting little proportion of Vietnam total export. Besides, Japan will be potential market with a high pangasius export price when Vietnam pangasius face fluctuation in the two largest import markets – the U.S. and EU, particularly the anti-dumping tax POR7 risks to be stricter than POR6.

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