Foreign inspectors to look into Vietnamese seafood Ngoc Hung and Trung Chanh By Ngoc Hung and Trung Chanh - The Saigon Times Daily HCMC - Inspectors from Russia and the Customs Union of Russia, Belarus and Kazakhstan will this week examine seafood businesses which export or have registered to ship their products to these markets. The foreign inspectors will look into 25 seafood processing firms having their products exported to the markets, according to the National Agro-Forestry-Fisheries Quality Assurance Department (Nafiqad). Nafiqad said 41 seafood enterprises which are seeking approval for shipments to Russia will also be subject to the inspections. Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), described the inspections as “normal examinations.” Hoe said the United States, South Korea and other countries send their inspection teams to Vietnam checking the processing facilities of seafood exporters every … [Read more...] about Foreign inspectors to look into Vietnamese seafood
Vietnamese seafood
Vietnamese seafood companies shrink back in shrimp war
VietNamNet Bridge - The high costs incurred by Vietnamese shrimp exporters on lawsuits and administrative procedures have had a discouraging effect on them. However, Vietnamese seafood exporters say they don't have time to weep over the unreasonably high anti-dumping duties. Tthey have to begin preparing for the next period of review - POR9. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in preparation for POR9, 30 shrimp exporters will provide information about their production to the DOC for the review. The information will be reviewed by the DOC when considering the tax rates to be imposed on Vietnam's products for the next period. Each of the companies expects to spend $11,000-15,000 on lawyers' fees. These sums of money, according to VASEP's Secretary General Truong Dinh Hoe, are equivalent to what they had to pay last year. Ngo Van Ich, Chair of Nha Trang Seafoods, which has been a compulsory defendant in many administration reviews, … [Read more...] about Vietnamese seafood companies shrink back in shrimp war
Vietnamese seafood companies silently seeking foreign partners
VietNamNet Bridge - A series of the "big guys" in the seafood industry are planning to sell stakes to foreign investors, which is considered a good way to seek capital. Meanwhile, a senior executive of Minh Phu Group JSC has said Minh Phu - Hau Giang Seafood Processing Company Ltd (MPHG) where Minh Phu holds 90 percent of capital, would turn into a joint stock company after the issuance of 26.5 million shares. The share issuance would help raise the chartered capital from VND600 billion to VND866 billion. Prior to that, Minh Phu refused the cooperation deal with a Thai partner CP Foods, despite the offered high share price at VND50,000. Other seafood companies have also been looking for foreign investors. Go Dang JSC (AGD), for example, has sold 49 percent of stakes to foreign investors and announced the intention of delisting. In early 2012, Cholimex sold 19 percent of its stakes to a Japanese partner, a food company. According to Nguyen Huu Dung, Deputy Chair of the Vietnam … [Read more...] about Vietnamese seafood companies silently seeking foreign partners
Creating Collective Brands for Vietnamese Seafood
(VEN) - Many experts share the opinion that the US-raised anti-dumping lawsuit against Vietnamese tra and basa fish was a prompt for Vietnam to develop collective brands for its export seafood products. It's time for Vietnamese seafood producers and exporters to think more carefully about developing collective brands for each category of seafood products, firstly for tra fish and shrimp. Unhappy facts Vietnam is a major seafood producer and exporter. Increases in the import of Vietnamese seafood products serve as clear evidence of their compliance with importer food hygiene and safety regulations. However, it will be very difficult for Vietnamese seafood businesses to increase exports if they lack cooperation in producing, catching and exporting activities. Only a few Vietnamese seafood companies meet importers' requirements in terms of breeding and processing and this is not enough to provide enough Vietnamese seafood on a reliable basis to foreign consumers and importers, especially … [Read more...] about Creating Collective Brands for Vietnamese Seafood
Vietnamese Seafood exporters reject US claimShrimp producers in 7 countries say subsidies claim is rot
Vietnamese seafood producers are prepared to embark on a long battle against a US Department of Commerce anti-subsidy inquiry to see whether the country and six others have been engaged in unfair trade practices. The Vietnamese Association of Seafood Exporters and Producers (VASEP) says the petition by a coalition of shrimp producers in the US is "groundless" and could harm exporters as well as American importers and consumers. VASEP said Vietnam's shrimp industry was not subsidised by the government, saying that farmers, producers and exporters all operate in a free market. Moreover, the country, as a member of the World Trade Organisation (WTO), complies with regulations on subsidies for agriculture, and has evidence to prove its compliance, Truong Dinh Hoe, VASEP secretary-general, told Viet Nam News. Tran Van Linh, vice-chairman of VASEP, who is general director of Thuan Phuoc Trade and Seafood Joint-Stock Co, said farmers had not received government subsidies but were … [Read more...] about Vietnamese Seafood exporters reject US claimShrimp producers in 7 countries say subsidies claim is rot