This protective barrier of the U.S. Congress is causing business losses for not only Vietnamese seafood exporters but also those from other ASEAN countries. The analysis was said in the margin of the U.S - Vietnam conference on agriculture cooperation in Washington DC.
At the conference, experts from Vietnam introduced American enterprises opportunities to cooperate and invest into the fields of agriculture, forestry and fishery in Vietnam, especially potentials in aquaculture.
Most American representatives evaluated that with a great contribution of over 20 percent to GDP and increasing export value, which is expected to reach US$30 billion by 2015, the agricultural sector of Vietnam show high potentials for foreign investors.
However, one of the biggest obstacles in commercial exchanges between Vietnam and the U.S. are now trade barriers including unfair antidumping and countervailing taxes.
Currently, the most concern of Vietnamese agricultural and seafood exporters to the American market is the catfish inspection program developed and implemented by U.S. Department of Agriculture (USDA). Exports of Vietnamese pangasius to the U.S. may be stopped for a long period to prepare to meet U.S. new requirements.
Furthermore, the catfish inspection program will also impact on other seafood supplying countries to the U.S.
Robert DeHann, Vice president of National Fishery Institution (NFI), said that the USDA catfish program is a manner to protect benefits of a small part in U.S. fishery industry.
"We really worry that this program, if implemented in the coming years, will cause an immediate ban of some seafood products imported from many countries, especially Vietnam. We asked the U.S. government to repeal this duplicative program and I knew that Vietnam sent the same request to the U.S competent authorities. And other ASEAN countries having seafood trade with the U.S. must join hand to call for this repeal. If not, their products of other species and varieties will also be regulated by this program sooner or later", he highlighted.
Under the newly adopted Farm Bill 2014, USDA will set up a Catfish Office to monitor the inspection of catfish and require imported products to meet standard for farming and processing activities, which is currently imposed to American companies to ensure food safety.
According to the General Secretary of Vietnam Association of Seafood Exporters and Producers (VASEP), the catfish program will block imports of pangasius and catfish from ASEAN countries into the U.S. "So far no country in ASEAN can meet standard set by the USDA. This is an unfair requirement to protect domestic producers", he added.
U.S. trade barriers are obstacles in economic relations between Vietnam and the U.S. Vietnam will continue to call for the repeal of the USDA catfish program. It is also preparing for trade disputes under the WTO.
So far, there is no report on risks and impacts of imported pangasius on consumers' health in the U.S. The switch of inspection responsibility from Food and Drug Administration (FDA) to USDA, which leads to implementation of unfeasible standards to imported products, is clearly a protectionist manner.
Though being approved in early 2014, the new Farm Bill has to wait for a long time to be implemented. Standards developed by the USDA have not been finally issued until December instead of April as fixed by the U.S. Congress.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
(seafood.vasep.com.vn) In January 2025, Vietnam's total seafood export value reached 774.3 million USD, a 3.3% increase compared to the same period in 2024. This is a positive result compared to January 2023, when the Lunar New Year fell at the end of the month, significantly impacting export outcomes.
(seafood.com.vn) In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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