However, US legal formalities and technical barriers continued to be of great concern to Vietnamese businesses.
The Ministry of Industry and Trade (MoIT) reported that among Vietnam's items with a high proportion of US export value were garments and textiles (50 percent), wood products (36 percent), footwear (30 percent), cashew nut (29 percent) and seafood (20 percent).
In the first two months of this year, Vietnam's export earnings from the US reached more than US$2.58 billion, up 25.13 percent over the same period last year. The processing industry took the lead in terms of export value followed by the agro-forestry-fishery, minerals and energy sectors.
Many domestic businesses have long set up relations with US importers but they don't have opportunities to have access to their distribution networks. The fact is that Vietnamese products can enter the US market either through US importers or through wholesalers, retailers and producers.
According to the US Department of Commerce, Vietnamese shrimp sold to US consumers is US $10 per kilo after changing hands from the go-between to agents.
It is estimated that if Vietnam continues to maintain its exports to the US market via an intermediary from 2011-2015, Vietnam will lose approximately US$81.9 billion. So, it is imperative to devise an appropriate strategy that supports Vietnamese businesses in penetrating and securing a foothold in the US market.
Vietnamese importers should have marketing methods based on the four pillars: product-price-location-promotion to gain access to the US distribution channels.
In recent years, Vietnamese businesses have found themselves in a difficult position to export to the US market due to strict US standards on business capacity and the environment; anti-subsidy measures; anti-dumping lawsuits and technical barriers for food hygiene and safety. On the other hand, Vietnamese businesses have yet to enjoy the Generalised System of Preferences (GSP) from the US.
To maintain export growth to the US market, the MoIT has insisted that domestic businesses build up good contacts with the US trade associations and business partners in order to enlist their support when disputes arise. In the context of the global economic downturn, Vietnamese businesses should work out specific solutions to expand foreign markets and boost exports while grasping legal formalities and technical barriers to meet requirements of the demanding markets and cope with anti-dumping and anti-subsidy lawsuits.
(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.
(seafood.vasep.com.vn) In 2024, Vietnam's seafood sector successfully exported to numerous countries, reaching a milestone of USD 10 billion, a 12% increase compared to 2023. 2025 promises to be a prospective year for promoting exports to various markets, including target and potential markets such as the US, China, ASEAN, and the Middle East.
(seafood.vasep.com.vn) The EU has been one of the largest consumers of Vietnamese pangasius over the past decade. However, data from Vietnam Customs reveals a gradual decline in EU imports of pangasius from Vietnam over the last five years.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
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