Cases vietnam seafood

Illustrative image (Photo: VNA) New Delhi (VNA) - Vietnam's coastal localities and India’s Kerala state have many opportunities to expand cooperation in seafood-related business, investment and production, a fishery official of Kerala said at a recent online conference – part of trade promotion activities on the occasion of the 50th anniversary of the establishment of the two countries’ diplomatic ties. The event was jointly held on June 22 by the Trade Office under the Vietnamese Embassy in India, the host country’s Marine Products Export Development Authority (MPEDA) and Kerala authorities. Vietnamese Ambassador to India Pham Sanh Chau expressed his belief that through the conference, both sides’ businesses can understand more about each other’s market, and find suitable partners. Van Duc Phu, deputy head of Investment Promotion Division under the Foreign Investment Agency’s Northern Investment Promotion Centre, stated that many Vietnamese localities such as Hung Yen, Nghe … [Read more...] about Efforts made to boost seafood cooperation between Vietnam, India

The U.S. bought nearly 1.1 billion worth of seafood in Jan-May, up 65 percent year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). It was the biggest buyer of Vietnamese shrimp and second biggest buyer (behind China) of pangasius fish. Shrimp exports to the U.S. rose 32 percent year-on-year to $390 million. Pangasius fish exports to the U.S. has surged 131 percent year-on-year on the back of a drop in home production and an increase in the number of Vietnamese exporters allowed to sell to the U.S., VASEP said. Exports of tuna to the U.S. doubled year-on-year to $251 million. Vietnam’s seafood exports to the U.S. is set to reach $2.4-2.5 billion this year, up 25 percent from last year, VASEP estimates. … [Read more...] about US biggest buyer of Vietnamese seafood

COVID-19 vaccine (Photo: VNA) Hanoi (VNA) – Vietnam recorded 653 new cases of COVID-19 and 9,351 recoveries in the past 24 hours from 4pm June 24 to 4pm June 25, according to the Ministry of Health . Hanoi still reported the highest number of infections on the day with 169 cases, followed by Bac Ninh with 53 and Phu Tho with 45. The national caseload reached 10,742,891. A total 5,239 COVID-19 patients were given the all clear on June 24, bringing the number of recoveries so far to 9,642,514. There are 34 patients in serious conditions needing breathing support. No death from COVID-19 was recorded in the past 24 hours. The total fatalities stood at 43,084. On June 24, 722,191 doses of vaccines were administered, raising the total number of doses of COVID-19 vaccines injected to 229,206,194./. VNA … [Read more...] about COVID-19: Vietnam reports 657 new cases, nearly 5,240 recoveries on June 25

Seafood exporters in Vietnam may find the second half of 2022 a challenging period compared to the first due to slowing global economic growth, despite a successful first half of the year, according to a conference held by the Vietnam Association of Seafood Exporters and Producers. Exports of seafood in the first five months of the year rose by around 42%, but they are expected to slow down for the second half of 2022. (Photo: VNA) Since the start of 2022, seafood businesses have been focusing on recovering their production, increasing exports and networking with partners after the COVID-stricken year of 2021. Exports of seafood in the first five months of the year reached 4.7 billion USD, a 42% increase year-on-year. During the conference held in HCM City on June 22, Truong Dinh Hoe, general secretary of the association, said that export prices grew by up to 15%, and markets grew around the world. The association has been focusing on helping … [Read more...] about Seafood exporters face challenging second half of 2022: conference

Processing Tra fish (Photo: VNA) HCM City (VNA) – Seafood shipments overseas have risen in the first half of 2022, and experts say Tra fish exports can increase the market share in the EU, while that of shrimp has a lot of room for growth in Canada. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), as of May, the value of frozen Tra fish exports to the EU this year reached 76.8 million USD, up 95% year-on-year. This means the market has bounced back after a two-year downturn due to the COVID-19 pandemic. The Netherlands remains the biggest market in the EU for the Vietnamese products, while positive signals are coming from the shipment of frozen Tra fish to Germany, Spain, and Belgium. In addition to the bloc, Vietnamese Tra fish exporters have also stepped up their activities in Mexico, Egypt and Thailand. As of mid-May, Vietnam exports shipped to Mexico are at 45.6 million USD, up 70% year-on-year. VASEP said the Mexican market … [Read more...] about Seafood export takes larger bite out of foreign markets

The constant rise in fuel prices has caused up to 55 percent of 99,000 fishing boats throughout Vietnam to stay ashore to avoid losses, according to the Ministry of Agriculture and Rural Development, which is calling for financial supports for fishermen. Fuel has become a so huge expense that many fishermen in the country are having trouble making a living. Gasoline and oil demand for fishing activities averages out at 330 million liters per month, according to the agriculture ministry, while the price of diesel 0.05S, the main fuel for fishing vessels, has spiked by 65 percent, or VND11,441 (US$0.49) per litter, since December 2021. In total, fuel costs needed to maintain normal fishing activities have skyrocketed by about VND3.776 trillion ($162.4 million) a month. While fuel costs usually account for 45-60 percent of fishing expenses, the other costs have also increased by 10-15 percent, raising the total expenses by 35-48 percent on average. Meanwhile, the increase in … [Read more...] about Vietnam agriculture ministry urges aid for fishermen as rising fuel prices keep them ashore

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood export revenues rose 46 percent and 36 percent year-on-year in Q1 and Q2, respectively. Export of shrimp, the top item in terms of revenue, grew 33 percent to $2.3 billion in the first six months. VASEP said inflation and the Russia-Ukraine war opened opportunities for shark catfish export. Whitefish, especially cod, has run out of stock in European markets due to Western sanctions on Russia -- which accounts for about 45 percent of the world's whitefish supply, largely pollack, cod and haddock, according to The Guardian . Vietnamese shark catfish, therefore, became an alternative. Export turnover to the U.K. and Spain surged by six and three times, respectively, and that from France, the Netherlands, Germany and Belgium also rose 45-90 percent. For the first half this year, shark catfish exports fetched $1.4 billion, up 83 percent. … [Read more...] about First half seafood export revenue up 40 pct

An important legal framework On the basis of the United Nations Convention on the Law of the Sea (UNCLOS) 1982, the National Assembly of Vietnam passed the Vietnam Law of the Sea on June 21, 2012. The law started to officially take effect from January 1, 20213, serving as an important legal framework to regulate Vietnam’s relations at sea and oceans. Dr. Tran Cong Truc shared that the Vietnam Law of the Sea has 54 articles in seven chapters. There are four contents legalized in the law, namely the demarcation of sea areas and continental shelves and assertion of sovereignty over islands and archipelagos; activities in Vietnamese waters; marine economic development; and the management and protection of sea and islands. Article 1 of the Law of the Sea of Vietnam states, “This law provides regulations concerning the baseline, internal waters, territorial sea, contiguous zone, exclusive economic zone, continental shelf, islands, the Hoang Sa (Paracel) Islands, the Truong Sa … [Read more...] about Part 2: Vietnam Law of the Sea adds more legal basis to UNCLOS

AVBC President Kiem Dinh speaks at the a conference in Sydney on June 23. (Photo: VNA) Sydney – The Australia-Vietnam Business Council (AVBC) held a conference in Sydney on June 23 to promote trade and investment partnerships through the strengthening of the Australia-Vietnam Enhanced Economic Engagement Strategy that was reached between the two countries in late 2021. Addressing the event, which drew nearly 100 businesses from a variety of sectors, AVBC President Kiem Dinh said that the conference marked a commitment from Vietnam and Australia to promote their partnership in many areas, heading to sustainable and inclusive economic growth in both countries. He said that in 2022, the AVBC and its members are focusing on implementing activities as part of the strategy. For his part, Vietnamese Consul General in Sydney covering New South Wales, Queensland and South Australia Nguyen Dang Thang affirmed that Vietnam-Australia relations are growing based on the foundation of … [Read more...] about Vietnam, Australia promote trade, investment partnership

Vietnam’s agricultural, forestry, and fishery exports in the first half of this year reached nearly US$28 billion, a remarkable rise from a year earlier, with the U.S. being the biggest importer, according to the Ministry of Agriculture and Rural Development. In a recent report, the ministry said the total export value of the three categories amounted to about $27.88 billion in the year to June, registering a 13.9 percent increase from the same period last year, with the U.S. topping the list of major purchasers, followed by China and Japan. In bringing into play this encouraging export recovery from the COVID-19 pandemic, the agency has set a goal to earn a total export turnover of $55 billion for the whole 2022, translating to a $5 billion excess over the year’s target set by the government. The export value of this year’s first half included some $11.37 billion from agricultural commodities (up 8.8 percent year on year), $9.1 billion from forest products (up three percent), … [Read more...] about Vietnam’s 6-month agro-forestry-fishery exports up 13.9% year on year, US largest importer