Vietnamese Minister of Industry and Trade Vu Huy Hoang and Eurasian Economic Commission Trade Minister Andrey A. Slepnev will attend a ceremony marking the end of negotiations on the free trade agreement (FTA) in Allmaty city, Kazakhstan and are expected to announce they anticipate signing the agreement by early next year.
This round is of great significance as it finalizes the legal foundation for the agreement and has broken through the key technical barriers for which the parties were at an impasse, officials said.
In this latest round, the parties focused their discussions on hammering out the key trade issues including rules of origin, customs-related issues, sanitary and phytosanitary measures, investment, government procurement, institutional legacy, and dispute resolution procedures.
In earlier rounds, negotiators convened in Vietnam to craft the detailed fundamentals related to the establishment of the agreement following in strict compliance the protocol and guideline promulgated by the World Trade Organization (WTO).
In addition to reducing the imposition of taxes on imports and exports between the parties, the agreement is expected to specifically offer more favourable conditions for cooperation in the banking and transportation sectors, delivering more jobs and economic growth for all sides.
Vietnam still has a few lingering concerns over problems arising from its seafood exports to the Russian market that still need to be resolved, officials cautioned.
Dang Hoang Hai, head of Vietnam’s technical negotiation delegation, and Eurasian Economic Commission representative Andrey Totrin said they greatly valued the persistent efforts by Vietnam and the Customs Union, expressing hope that differences between the two sides will be addressed so that the FTA will be signed early next year.
Economists forecast that the FTA will help Vietnam and Customs Union members achieve a significantly higher trade turnover, predicting it to raise to over US$10 billion by 2020.
(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.
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