Hanoi (VNS/VNA) - The Ministry of Industry and Trade (MoIT) has requested local associations and businesses to coordinate implementing key solutions to promote imports and exports as sea freight rates rise. The MoIT’s official dispatch was sent on July 19 to the Vietnam Logistics Business Association, the Vietnam Ship-owner’s Association, the Vietnam Shipper’s Council and the Vietnam Ship Agents, Brokers and Maritime Services Providers Association. The ministry said that in recent times, increases in shipping rates, local congestion at some Asian ports and lack of empty containers have had an impact on activities. The ministry proposes strengthening co-ordination between associations and businesses to improve capacity, gather member businesses to jointly develop production and business and transportation plans and goods import and export plans as a basis for signing long-term contracts with shipping lines, minimising the impact of freight rates and surcharges in the current period of complex and unpredictable developments in the international market. Besides by sea, businesses importing and exporting to Europe can consider alternative routes, including a combined multilateral transport route, going by sea to ports in the Middle East, and then travelling by air, rail or road to Europe. Import-export industry associations should coordinate with the MoIT, the Vietnam Chamber of Commerce and Industry and relevant agencies to increase dissemination about the provisions of free trade agreements to local import-export businesses to facilitate trade and enhance preferential utilisation rates from these agreements. Import-export enterprises have been asked to coordinate with customs authorities and port operators to speed up the process of handling backlogged goods at ports, contributing to promoting the flow of goods and improving the capacity of handling goods at ports. Industry associations should also coordinate with VCCI to strengthen communication and improve the capacity of import-export SMEs in negotiating and signing foreign trade and insurance contracts to protect businesses against risks and losses when incidents occur, especially with sea cargo going through high-risk routes. The ministry also proposed associations and import-export businesses to proactively develop prevention and response plans to minimise risks and losses from similar complex and unpredictable incidents in the future./.
(vasep.com.vn) Vietnam is signatory to three new-generation Free Trade Agreements (FTAs), and specifically with the United Kingdom (UK), maintains two FTAs: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the UK-Vietnam Free Trade Agreement (UKVFTA). The confluence of content and approaches within these two Agreements fosters a conducive environment for enterprises from both nations to maximally leverage trade and investment opportunities, notably encompassing Pangasius exports to the UK.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
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