Seafood

Keep updated with the latest developments in Vietnam on The Hanoi Times.

The two countries, which are the world’s leading seafood exporters, do not compete with each other but support one another to be successful and responsible seafood nations.

By 2030, the domestic market for processed seafood would reach VND40-45 trillion ($1.75-1.97 billion), which would contribute to seafood exports of US$14-16 billion per year.

The investment will be used in advancing Shiok Meats’ research & development activities and build a state-of-the-art production facility in Singapore.

The latest Covid-19 outbreak in India, the world’s largest shrimp producer, has taken a toll on the recovery outlook of this country’s shrimp industry and created opportunities for others.

The fact that Vietnam is already a top trade partner with the EU despite not having an FTA in place highlights the opportunities that the EVFTA will create for Vietnamese seafood producers.

This is the second FTA that the EU has ever made with a Southeast Asian country, after Singapore.

Vietnam customs have identified a list of foreign goods forging Vietnamese origin that contributed to a surge in exports to the US, including bicycles, solar batteries, seafood, and wooden products.

The FDI sector posted exports of US$26.2 billion in the January – February period, up 5% year-on-year and accounting for 67% of Vietnam’s exports.

The Canadian Delicacies Hanoi event is part of the Embassy’s series of activities to promote the Canadian agri-food and seafood sector to the Vietnamese market during the month of November.