According to the Agency of Foreign Trade (Ministry of Industry and Trade), in the first 8 months of 2022, Vietnam’s seafood exports to Switzerland reached more than 21 million USD, an increase of 8% compared to the same period 2021. Currently, Vietnam is the second largest seafood supplier in this market (after Norway).
By products, frozen shrimp accounts for 81% in the total seafood export value to Switzerland, frozen pangasius accounts for 17%, the remaining are frozen tuna, frozen clam, frozen eel, ect.
According to the statistics of ITC, in the first 6 months of 2022, Switzerland’s import turnover reached 454 million USD, up 6% compared to the same period in 2021. Vietnam seafood accounted for 11.3% of Switzerland's total import turnover.
The AFT assesses Switzerland as a potential market for Vietnamese seafood as Switzerland is a developed country.
Because the domestic supply only meets the need of 12% of the total consuming demand, Switzerland needs to depend more on imported seafood. Switzerland imports about 74 thousand tons of fish and more than 115 thousand tons of shrimp annually.
Vietnam was the second largest seafood supplier (after Norway) in Switzerland
However, enterprises that intend to promote export to this market must pay attention to the product quality issues. Switzerland is a market that requires very high quality imported products with a very strict import licensing regime to ensure the requirements of health, food hygiene and safety.
All food sold in Switzerland must comply with European and Swiss food labeling regulations. Consumers in this country are very interested in eco-labels and are willing to pay extra if the product meets health and environmental requirements.
Besides, Switzerland attaches great importance to the MSC (Marine Stewardship Council) standard and has for many years been the country with the largest number of MSC-labeled seafood products consumption in the world.
Demand for seafood with MSC certified is increasing. There are many companies trading whitefish, salmon, herring and tuna in Switzerland that have obtained COC (chain of safety certification) and use the MSC label on their seafood products.
For farmed products, ASC (Aquaculture Stewardship Council) is also emerging as an important and increasingly demanded standard in Switzerland.
The ASC logo is present on many tilapia and pangasius products in many Swiss supermarkets. Many of the country's companies and retailers have increased the import and distribution of ASC certified farmed seafood products.
Compiled by Thuy Linh
(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.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
(seafood.vasep.com.vn) To achieve the goal of making the province a national hub for high-quality shrimp post-larvae production and producing 50 billion shrimp post-larvae by 2025, Ninh Thuan has focused on implementing a comprehensive set of measures.
(seafood.vasep.com.vn) The seafood processing company Kyokuyo has just opened a seafood processing plant in Vietnam to reduce its reliance on China. In Japan, Kyokuyo ranks as the third-largest seafood producer, following Maruha Nichiro and Nissui.
(seafood.vasep.com.vn) Vietnam's total fishery production in the first 10 months of 2024 is estimated at 7,889.8 thousand tons, a 2.5% increase compared to the same period last year. Aquaculture contributed approximately 4,612.5 thousand tons, while capture fisheries accounted for 3,277.3 thousand tons.
(seafood.vasep.com.vn) Ms. To Thi Tuong Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover could reach the target of USD2 billion in 2024. However, the industry will still face numerous challenges in the coming year.
(seafood.vasep.com.vn) Vinh Hoan Corporation has recently announced its business results for October, reporting over VND 1,200 billion in revenue, a 60% increase compared to the same period last year.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
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