Vietfish attendants pin hopes on 2013 outlook

Pham Thai

Visitors take a look at seafood at the booth of Minh Phu Seafood Group Joint Stock Company at Vietfi sh 2013 in HCMC on Tuesday - Photo: Pham Thai

Visitors take a look at seafood at the booth of Minh Phu Seafood Group Joint Stock Company at Vietfi sh 2013 in HCMC on Tuesday - Photo: Pham Thai

Speaking at the opening of the event in HCMC on Tuesday, Le Van Quang, chairman of Minh Phu Seafood Group Joint Stock Company, said his firm had set a target of achieving 20-25% growth for 2013.

Widespread shrimp deaths have been reported in many exporting countries such as Thailand, Indonesia and Mexico, he said, and the shrimp mortality rate is up to 80% in certain nations.

In the meantime, shrimp demand of major markets remains huge, pushing up shrimp export prices, he added.

Tran Van Han, deputy general director of Hung Ca Company, said his firm is looking to increase its sales by 20% to US$55 million this year.

Nguyen Van Kich, director of Cafatex Company, said his entity is boosting the processing of value-added products for export, especially for the Japanese market. “Despite tough export conditions, we have set a sales target which is equivalent to or higher than last year’s figure.”

At Vietfish 2013, Normal Grant, chairman of the Australian Seafood Importers Association, said Vietnamese shrimp and tra fish products are already present in many supermarkets in Australia like Woolworths, Coles, Aldi and Costco. Seafood demand of Australian consumers is big, he said.

“Vietnamese seafood sales at Australian retail networks might double or treble in the next five years,” he forecast.

Australia now is the fifth biggest importer of Vietnam’s seafood, with tiger shrimp being the most favorite. Tiger shrimp exports to Australia amounted to US$17 million from January to April, accounting for 65% of Vietnam’s total shrimp exports there. After tiger shrimp, Vietnamese tra fish is also a key seafood product for the Australian market.

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