Tuna shipments experienced a remarkable recovery as export revenue surged 21% year-on-year to nearly US$41 million in January, following an 18% drop in December 2017. The export of cuttlefish and octopus to the EU recovered from a 3.6% decrease in Quarter 4 of 2017, picking up 5% on a yearly basis. Meanwhile, the industry pocketed US$106 million from fish exports and over US$8 million from crab and other crustaceans, up 24% and 7%, respectively. However, seafood exports are forecast to face formidable challenges when the EU is intensifying the examination of the catch certificate of Vietnamese seafood. Currently, the Vietnamese authorities are striving to regain “green card” for the seafood sector. Vietnam was served with a yellow card warning by the EU in September and it has been offered the opportunity to take measures to rectify the situation within six months. To this end, the EC has proposed an action plan for the country. The “yellow card” is followed by a “green card” if issues are resolved or a “red card” if they aren’t. A “red card” can lead to a trade ban on fishery products. The Ministry of Agriculture and Rural Development is implementing urgent solutions in response to the EU’s warning on IUU fishing with the focus on drafting a decree guiding the enforcement of the 2017 Law on Fisheries and submitting a new document replacing existing regulations on administrative fines in fishing activities. Seafood businesses have committed to fighting against IUU fishing to protect Vietnamese seafood’s prestige… [Read full story]
The US Department of Commerce (DOC) has admitted inaccuracy in calculating preliminary anti-dumping duty on catfish imported from a Vietnamese seafood export company. On September 11, Alex Villanueva, representative of the DOC's Import Administration, International Trade Administration just sent a letter to Ho Chi Minh City-based QVD Food Pte to concede the mistake, causing the penal tax on the exporter higher than the actual rate 400 percent. The anti-dumping tax slapped on QDV should be 14.51 percent instead of 66.34 percent announced by DOC in May, according to the Vietnam Association of Seafood Export and Producers. The QDV attributed the…... [read more]
Vietnamese seafood exporters expected that their products will be more widely consumed in Chile as a lot of companies in this Southern American country are interested in Vietnamese seafood. In the seafood trade promotion tour to Chile starting from Sep 11 to 14, Vietnamese exporters met several large seafood distributors in the country, including Terminal Pesquero Metropolitano (TPM), who accounted for 50 per cent of Chile's seafood market share. Nguyen Phu Quy, head of marketing office of the Can Tho Seafood Im-Export Co. (CASEMEX), said his company won contract to export cat tiger shrimp, boiled and shelled shrimp, and fillet…... [read more]
Russian authorities have approved eleven Vietnamese seafood exporters to ship their products to the country, said the Vietnam Association of Seafood Exporters and Processors on Sunday. The latest move comes on the heels of a July inspection by the Russian Federal Veterinary and Phytosanitary Surveillance Service (VPSS) to check safety standards at 20 aquaculture breeding and processing facilities in the Mekong Delta region. Eleven of those enterprises satisfied inspectors and are now licensed to export products to Russia. The approved companies include An Giang Fisheries Import-Export Joint Stock Company (AGIFISH Co.); the SOUTHVINA (Southern Fishery Industry); Mekong Group; Cafatex Fishery…... [read more]
Australia is a major importer of seafood including from Vietnam. It imported about US$1.46 billion worth of seafood in 2013. With revenues of about US$180 million accounting for 12 percent of Australia’s total seafood imports last year, Vietnam was the third largest seafood exporter to Australia, behind New Zealand and China. Vietnamese seafood exports to this market have increased notably so far this year reaching about US$104.5 million in the first half of this year, an increase of 36.5 percent from a year ago. Popular Vietnamese seafood in Australia includes shrimp, barramundi and Basa fish. To overcome the biggest barrier…... [read more]
The Japanese Health, Labour and Social Welfare Ministry has announced that batches of aquatic products of four Vietnamese companies were found with excessive chloramphenicol, said Ho Quoc Luc, Chairman of the Vietnam Association of Seafood Exporters and Processors (VASEP). According to Ho Quoc Luc, these companies are Viet Phuong Co, Ltd, Huy Nam Co, Ltd., and Agrex Saigon Import Export Company of HCM City and Quang Nam Joint Stock Company from the central province of Quang Nam. VASEP again warned Vietnamese seafood-exporting businesses about the risk of losing the Japanese market if they continue to violate the regulations on antibiotic…... [read more]
