The US, Japan, China and the Republic of Korea were the top four export markets for Vietnamese seafood products, accounting for 55.3% of the total national export value.The Vietnam Association of Seafood Exporters and Producers (VASEP) said shrimp exports provided the biggest contribution to the total national seafood export value, with a growth rate of 21% to US$3.8 billion in export value for 2017.The strong growth in shrimp exports was mainly due to confidence of export markets for Vietnamese shrimp products, said Truong Dinh Hoe, VASEP General Secretary.Other reasons for strong growth in shrimp exports included an increase of 10% in export shrimp price, higher quality of material and high volume of processed products, Hoe said.Shrimp export value increased by 60% to China, 42% to the US, 33% to the Republic of Korea and 18% to Japan.Meanwhile, the export value of tra fish (pangasius) reached nearly US$1.8 billion in 2017, a year-on-year increase of 4% despite difficulties in many … [Read more...] about Vietnam gains record in seafood export value in 2017
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Việt Nam gains record in seafood export value in 2017
Viet Nam gained its highest ever seafood export value of US$8.32 billion in 2017, a year-on-year increase of 18 per cent, according to the Ministry of Agriculture and Rural Development.The US, Japan, China and South Korea were the top four export markets for Vietnamese seafood products, accounting for 55.3 per cent of the total national export value.Viet Nam’s export markets with strong growth in seafood export value included China (up 64.4 per cent), the Netherlands (up 48.6 per cent), the UK (up 36.4 per cent), South Korea (up 29.1 per cent), Canada (up 22.3 per cent) and Japan (up 20 per cent).The Viet Nam Association of Seafood Exporters and Producers (VASEP) said shrimp exports provided the biggest contribution to the total national seafood export value, with a growth rate of 21 per cent to $3.8 billion in export value for 2017.The strong growth in shrimp exports was mainly due to confidence of export markets for Vietnamese shrimp products, said Truong Dinh Hoe, VASEP … [Read more...] about Việt Nam gains record in seafood export value in 2017
Seafood exports grow sharply
Seafood exports grow sharply HCMC – Vietnam had exported US$7.6 billion worth of seafood in the year to end-November, up 18.9% over the same period last year, Nguoi Lao Dong newspaper quoted a report of the General Department of Vietnam Customs. Although the U.S. market posted a mild decline of 1.7%, four other large markets, namely the EU, Japan, China and South Korea, registered growth of over 20%. Therefore, total export turnover of seafood may exceed US$8 billion in all of this year. Last year, China spent US$860 million importing seafood from Vietnam, but the number surged to more than US$1 billion in January-November this year, making China one of Vietnam’s seafood importers with turnover of over US$1 billion. Among other major markets were the U.S. with US$1.3 billion, the EU with US$1.25 billion and Japan with US$1.19 billion. Tran Van Linh, chairman of Thuan Phuoc Seafood and Trading JSC, said China’s demand has surged, offering more opportunities for local … [Read more...] about Seafood exports grow sharply
Seafood exports target forecast to achieve one month ahead of schedule
In 2017, seafood exports are encountering difficulties due to low market demands and stringent technical barriers set by major importers. According to initial statistics from the General Department of Vietnam Customs in the ten months leading up to mid November, aquatic export products have brought in over US$7.2 billion in revenue and seafood export turnover in November alone is estimated at US$728.118 million, thus lifting the 11 month turnover to US$7.565 billion in total and surpassing the set target by US$156 million.At present, there has been a change in the ranking of Vietnam’s four major export markets-the EU, the US, Japan and China when the EU replaced the US to become the biggest buyers of the country’s aquatic products. Over the past ten months, exports of aquatic products to major markets saw positive growth against last year’s corresponding period. Specifically, seafood exports to the EU in October rose 37.5% to US$168.803 million over last year … [Read more...] about Seafood exports target forecast to achieve one month ahead of schedule
EU surpasses US to become the greatest seafood export market of Vietnam
Seafood exports to the EU market reached USD 1.215 billion in the first 10 months of this year, increased by 21.2% over the same period in 2016. Vietnam fish processing In 2017, seafood export is forecasted to face many difficulties due to low market demand and technical barriers from major importing countries. Accordingly, Vietnam Association of Seafood Exporters and Producers (Vasep) predicts that seafood export turnover in 2017 will reach USD 7.4 billion, increased by 6% over 2016.According to preliminary statistics of the General Department of Customs, from January 1 to November 15, 2017 seafood export value reached over 7.2 billion USD and estimated seafood export turnover in November 2017 is USD 728,118 million. Accumulated amount in 11 months is USD 7.565 billion. Thus, seafood export turnover in 2017 will exceed forecasts about USD156 million.Replacement in the main marketsCurrently, the top four seafood export markets of Vietnam have changed, which is the European Union … [Read more...] about EU surpasses US to become the greatest seafood export market of Vietnam