The ambassadors of the EAEU member countries, namely Russia, Belarus, Kazakhstan and Armenia, shared the view at a press conference in Hanoi on October 5 to mark one year since the pact took effect.
Belarusian Ambassador to Vietnam Vladimir Goshin said that Vietnam’s exported 37 million USD worth of products to Belarus in the first eight months of 2017, the same amount as Belarus’s exports to the Southeast Asian nation.
This is the first time the two countries have seen a balanced trade turnover as Belarus had previously run a trade surplus with Vietnam, he said, stressing that Vietnamese businesses have been making the most of advantages offered by the deal to boost exports.
Kazakh Ambassador Beketzhan Zhumakhanov said among the EAEU countries, Kazakhstan has experienced the biggest trade growth with Vietnam, with two-way trade reaching 364.7 million USD in the January-August period, nearly equivalent to the figure of 366.2 million USD for the whole 2016.
Russian Ambassador Konstantin Vnukov told participants that between October 2016 and April 2017, the export-import turnover between the EAEU and Vietnam rose by 28 percent.
The reduction of import tariffs has facilitated the export of wheat flour, corn, fertilizers and metals from the EAEU countries to Vietnam, he added.
Dang Hoang Hai, Director of the European Market Department under the Ministry of Industry and Trade, said the deal has created an impulse for cooperation between Vietnam and the countries across fields.
He noted his hope that through the agreement, Vietnam and the EAEU will increase the types of commodities exported to each other’s markets.
The ambassadors held that to uphold the positive results, the countries should enhance dialogues and cooperation with businesses by increasing the exchange of visits and participation in fairs and exhibitions.
The Vietnam-EAEU FTA was inked in Burabay, Kazakhstan, on May 29, 2015 and took effect on October 5, 2016.
Under the agreement, Vietnam will remove import tariffs on 59 percent of the total tax lines on goods from the EAEU, including meat products, wheat flour, alcohol, mechanical equipment and steel products. The tariffs on another 30 percent of goods will be gradually reduced to 0 percent in the transitional period.
The average level of Vietnam’s duties on EAEU goods will drop from 10 percent to 1 percent, while EAEU’s average import tariffs on Vietnam’s goods will be reduced from 9.7 percent to 2 percent in 2025.
The tax removal is expected to spur the EAEU’s export of agricultural and industrial products to Vietnam, and vice versa, Vietnam’s farm produce, garment, bags and electrical devices will have better access to the EAEU market.
At the same time, businesspeople of both sides will have opportunities to take part in joint projects in the EAEU countries and Vietnam.
Source: 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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn