Shrimp exports increased sharply last year and the trend will continue this year, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP). The exports were worth an estimated US$3.8 billion last year, $700 million up from 2016 and $400 million higher than the association’s target. There was big demand for shrimp in key markets such as the EU, China, Japan, and South Korea especially during the year-end festive season, VASEP said. In the first 11 months of last year, the EU was the largest importer of Vietnamese shrimp, with shipments to the market going up by 42.4 per cent to $780 million and accounting for 22.2 per cent of Viet Nam’s exports. Shrimp exports to China surged by 60.2 per cent to $637.9 million in the period, but shipments to the US fell by 7.8 per cent mainly due to high anti-dumping duties. Truong Dinh Hoe, VASEP’s general secretary, said the strong growth in shrimp exports last year was mainly thanks to better control of antibiotic usage in breeding the crustacean, an increase in exports of processed products, and buyers’ increased confidence in Vietnamese shrimp products. In the EU, Vietnamese shrimp exporters enjoyed preferential treatment under the bloc’s Generalised System of Preferences while Thailand and China, the two main competitors, did not. India’s shrimp exports to the EU were down because antibiotics were being frequently found in its products, and Indian companies faced the risk of bans, he said. This meant European importers were looking for safer… [Read full story]
Garment is one of Viet Nam's main products exported to the Middle East. — Photo ndh.vn HCM CITY (VNS) — Countries in the Middle East have great potential for further trade cooperation with Viet Nam as bilateral trade volume has increased sharply since 2010, said Tran Quang Huy, Head of the Ministry of Industry and Trade's Africa, West and South Asian Market Department.Huy spoke to representatives of Vietnamese enterprises during a seminar held in HCM City yesterday. Viet Nam's export revenue has increased four times within a four-year period, he said. "The Middle East has become the fastest-growing market for…... [read more]
Workers process coffee for export at the Highland Coffee Co in Tan An Industrial Zone, Buon Ma Thuot City. Coffee exports in the first 10 months of this year set a new record at 1.41 million tonnes, fetching over US$3 billion. – VNA/VNS Photo Hong Ky HA NOI (VNS) — Coffee exports in the first 10 months of this year set a new record at 1.41 million tonnes, earning more than US$3 billion, the Ministry of Agriculture and Rural Development reported.The coffee exports showed increases of 37.7 per cent in volume and 32.7 per cent in value over the…... [read more]
The US Department of Commerce (DOC) imposed the duty of US$2.39 per kilo after completing a regular administrative review. VASEP said the new tax rate was three times higher than the individual tax rate in the 12th administrative review period, reflecting an unfair and unusual departure from previous anti-dumping regulations.This is the first time that the DOC has made adjustments that lacked legal basis and ignored the usual regulations so far when making the preliminary decision, said VASEP.DOC has applied the duty to tra fillets exported by Go Dong Seafood Company Ltd (GODACO). The US department claimed that the company…... [read more]
HA NOI (Bizhub) — Viet Nam will export straw to Japan for the first time, where it will be used to process cattle feed.The state-owned Song Hau Farm in the southern Can Tho City will ship straw to Japan under a memorandum of understanding (MoU) inked with the Japan Beef Import-Export Association (J-BIX) on November 18.Meanwhile, the J-BIX pledged to provide financial aid through the Japanese government's official development assistance (ODA) for the development of cattle breeding at Song Hau Farm.Director of Song Hau Farm Nguyen Thanh Phu said the MoU was a massive opportunity for the farm and other…... [read more]
A worker of Fimex Viet Nam Co in the southern province of Soc Trang process shrimp for export to Taiwan. Taiwan was the seventh largest importer of Viet Nam shrimp after Japan, the US, China, South Korea, Australia and Germany. — VNA/VNS Photo HA NOI — Viet Nam has been the largest exporter of shrimp to Taiwan for the last five years and Vietnamese shrimp exports remained high this year, according to the Viet Nam Association of Seafood Exporters and Producers (Vasep). The association said that according to the International Trade Centre (ITC)'s statistics on raw shrimp imports into…... [read more]
