Vasep vietnam association of seafood exporters and producers

HCM City (VNA) - The COVID-19 pandemic is still influencing Vietnam’s fisheries exports, with export value down 10 percent in June to just 626 million USD following a sharp decline in May of 16 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Vietnam earned over 3.5 billion USD from exporting fisheries products in the first half of 2020, down 10 percent against the same period last year. In the January-June period, the sharpest fall was seen in the export of tra fish, at 31 percent, followed by tuna at 20 percent. Only shrimp exports enjoyed a rise, of just 3 percent. According to VASEP, COVID-19 has caused a 35-50 percent slump in global seafood demand, while businesses suffered from material shortages and difficulties in transportation and payments, leading to financial troubles. As of the end of June, the strongest decline had been seen in the EU market, at 35 percent. Exports were down 6 percent in the US, 17 percent in ASEAN, 9 … [Read more...] about Fisheries exports drop in June

HCM City (VNA) - Vietnam’s shrimp and tuna exports to EU markets showed signs of recovery in July and August despite the impact of COVID-19, rising slightly against previous months and the same period last year. Vietnam earned 54.2 million USD from exporting shrimp to the EU in July, up 2 percent year-on-year. Shrimp exports in August were estimated to increase 20 percent year-on-year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), along with the fact that EU countries have gradually controlled COVID-19, the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, has also had an impact on Vietnam’s exports to the market, including aquatic products. The EU is Vietnam’s fourth-largest shrimp importer after the US, Japan, and China, and currently accounts for 13.3 percent of the country’s total shrimp export value. With positive signs over the last two months, VASEP forecasts that Vietnam’s shrimp … [Read more...] about Shrimp, tuna exports to EU see positive signs

Therefore, the MoIT will continue to support local companies, ensuring exporters know how to take full advantage of the EVFTA and have a thorough understanding of C/O. It will also work closely with EU partners to address difficulties while implementing the trade pact in a timely manner. … [Read more...] about Over 7,000 C/O issued for exports to EU in August

To enter the EU market, the local businesses must have certification of origin and meet food safety requirements, Hoe said. In addition, they need to pay attention to the agreement’s commitments on increasing the environmental requirements related to fishing to avoid difficulties in seafood export, reported the Nguoi lao dong (Labourers) newspaper. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9

Workers at a local company process shrimp for export – PHOTO: VNA CAN THO – Right before the EU-Vietnam Free Trade Agreement (EVFTA) came into force on August 1, Vietnam’s shrimp exports to the EU had increased by 2% year-on-year to US$54.2 million in July after declining for three consecutive months from April to June, according to the Vietnam Association of Seafood Exporters and Producers' (VASEP) data. … [Read more...] about Vietnam’s shrimp exports to EU grow thanks to EVFTA