In last six months, the outlook for aquatic exports to EU may be more positive after the European Union – Vietnam Free Trade Agreement (EVFTA) was signed.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has predicted that Vietnamese aquatic exports will grow around 5% in the second half this year, grossing US$5 billion, lifting the total turnover to some US$9 billion by the end of 2019, up 2% year on year, VnExpress reported.
The General Department of Vietnam Customs’ statistics showed that Vietnamese aquatic exports reached US$3.19 billion by the end of May, down 1% year-on-year. However, the figure for the first six months of this year is forecast to rise to US$3.95 billion.
Although the export revenues of prawns and tra fish (pangasius) in H1 diminished, those of other seafood including tuna, squid-octopus, and other saltwater fish still went up year-on-year.
Aquatic exports to China and Hong Kong (China) fell 5% as the government tightened control on product quality and border trade.
On the contrary, exports to Japan still increased by 11%, making this country the largest seafood importer from Vietnam. Besides, exports to the US also increased by 3.4%.
In last six months, the outlook for aquatic exports to EU may be more positive after the European Union – Vietnam Free Trade Agreement (EVFTA) was signed. The number seafood shipments to the US and Japanese market will also increase, especially prawn, according to VASEP
However, the association expressed concerns that illegal, unreported and unregulated fishing (IUU) yellow card issued by EU could hinder aquatic exports from Vietnam to the EU market.
Illustrative photo
|
Although the export revenues of prawns and tra fish (pangasius) in H1 diminished, those of other seafood including tuna, squid-octopus, and other saltwater fish still went up year-on-year.
Aquatic exports to China and Hong Kong (China) fell 5% as the government tightened control on product quality and border trade.
On the contrary, exports to Japan still increased by 11%, making this country the largest seafood importer from Vietnam. Besides, exports to the US also increased by 3.4%.
In last six months, the outlook for aquatic exports to EU may be more positive after the European Union – Vietnam Free Trade Agreement (EVFTA) was signed. The number seafood shipments to the US and Japanese market will also increase, especially prawn, according to VASEP
However, the association expressed concerns that illegal, unreported and unregulated fishing (IUU) yellow card issued by EU could hinder aquatic exports from Vietnam to the EU market.
Other News
- Hanoi hosts the “Green Products for Consumers” fair
- Hanoi aims to lead the country in exporting OCOP products
- IT training urged to focus on semiconductors
- 3,400 taels of gold purchased at the first-in-11-year auction
- Hanoi partners with Lai Chau to market OCOP products
- HoSE to launch KRX-developed transaction system in early May
- Central bank moves gold auction to tomorrow
- Hanoi Great Souvenir Fair 2024 to take place next week
- As orders rise, Vietnamese textile firms see better prospects in 2024
- C.bank to auction nearly 17,000 gold taels on April 22
Trending
-
Capital Law revision helps Hanoi promote role as nation’s socio-economic hub
-
Vietnam news in brief - April 25
-
Vietnamese contemporary ballet celebrates Europe Day
-
IT training urged to focus on semiconductors
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area