VJEPA came into effect since October 1st, 2009. This has been the first free trade agreement since Vietnam became the full member of WTO and the second agreement between Vietnam and Japan after the two countries joined the AJCEP signed in 2008. VJEPA was a comprehensive agreement, including many sectors such as commercial goods and services, investment as well as business environment improvement.
Vietnam and South Korea both joined the AKFTA. Under this agreement, the two countries further opened markets through giving privileges on some commercial goods and services. In August 2012, the two sides kicked off negotiations on Vietnam – Korea Free Trade Agreement with an aim to strengthen their bilateral economic cooperation. During the official visit of Korean President to Vietnam in last September, Vietnam and South Korea agreed to further negotiations towards a conclusion of the VKFTA at a higher and comprehensive level in 2014, as well as analyse the development gap between the two economies.
The VJEPA and AKFTA, if implemented coherently, will become one of important factors to improve commercial exchanges of Vietnam with Japan and Korea.
Japan has made a huge reduction of taxes on imported agricultural and seafood products, offering opportunities for Vietnamese exporters to sell products into the market. As the result, Vietnam’s exports to Japan were boosted. In 2012, agricultural products sent to this market brought back US$285 million of revenue, two-fold higher than that of 2009.
Though shipments of agricultural and seafood products from Vietnam to Japan kept increasing in value over the recent years, they just made up of a small proportion in Japanese total imports. Korea was also a big consumer of fishery products from other producing countries, but its purchase from Vietnam accounted for only 5 percent in total import value. Therefore, Vietnamese exporters will have more opportunities to boost shipments and develop shares in these markets.
Apart from a future import tax reduction and exemption under trade agreements, Vietnam needs to call for a removal of non-tariff barriers by Japan and Korea in order to enhance sales of agricultural and seafood products to these two destinations.
(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.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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