Pham Thiet Hoa, Director of the Online Trade and Investment Information Portal (ITPC) said the completion of the roadmap to cut tariffs in ASEAN offers opportunities for Vietnamese businesses to increase exports to the bloc, which is the fourth biggest export market of Vietnam, after the EU, the US and China.
With the combined population of 660 million people, ASEAN is expected to become the fourth largest economy in the word by 2030.
Wu Jun, Consul General of China in Ho Chi Minh City said China has been the largest trade partner of Vietnam for years while Vietnam is the largest ASEAN trader and among top ten global traders of China.
In the past 11 months, Vietnam earned an export value of over 38 billion USD from China, a surge of 23 percent from the same time in 2017.
As the second largest economy in the world with a market population of 1.3 billion people, China is projected to import more than 30,000 billion USD worth of goods and 10,000 billion USD worth of services in 15 years.
To fully explore the ASEAN market, Vietnamese businesses need to take part in more trade promotion activities and market research programmes, and study market needs regarding commodities, services, prices, consumers’ taste, and consumer trends, Hoa said.
Meanwhile, Nguyen Thi Ngoc Hang, head of the marketing desk at the office for Halal certification in Ho Chi Minh City said many Vietnamese businesses have yet paid attention to satisfying the needs of Islamic people who account for half of ASEAN’s population.
Vietnam’s products with Halal certification could reach other Islamic markets in the world after they enter the ASEAN market, according to Hang.
To increase exports to China, Wu Jun suggested Vietnamese businesses keep them constantly updated with market demands along with boosting marketing activities.
Amid technology-based consumer trends, Vietnamese businesses are advised to prepare technological foundations to speed up trans-national e-commerce.
They need to use advanced machinery and technology in production to ensure the consistent quality of products to meet the needs of large-scale markets, experts said.
VNA
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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