Viet Nam News HCM CITY - Seafood exports are expected to increase by 5 per cent this year to around US$7.5 billion despite many possible hurdles, according to the Việt Nam Association of Seafood Producers and Exporters (Vasep). Speaking at a review meeting held in HCM City on Thursday, Ngô Văn Ích, Vasep chairman, said early last year many difficulties plagued exports before increased global demand enabled a recovery. Exports for the full year grew by 7.4 per cent to $7.05 billion, or 24 per cent of the country's total agricultural, forestry and fisheries exports, he said. Shrimp and tra fish exports both rose by 7 per cent to $3.13 billion and $1.67 billion. The exports went to 161 countries and territories last year, with the US, EU, Japan, South Korea and China being the largest buyers. Trương Đình Hòe, Vasep's general secretary, said this year the seafood sector would continue to face difficulties, including a fall in fisheries output due to the impacts of climate change. … [Read more...] about Seafood exports to grow by 5%
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Vietnam’s seafood exports to benefit from TPP
Fish products are processed at Ngo Quyen Processing Export Company in Chau Thanh district, Kien Giang province. (Photo: VNA) HCM City (VNA) - With nearly half of its seafood exports going to Trans-Pacific Partnership member nations, Vietnam expects the trade deal to further boost exports to these markets, according to the Vietnam Association of Seafood Exporters and Producers (Vasep). Speaking at a seminar titled, "TPP - Opportunities and Challenges to Vietnam's Import-Export Activities" in HCM City last week, Truong Dinh Hoe, Vasep General Secretary, said last year seafood exports to TPP countries were worth 3 billion USD, or 46 percent of the country's total. The US and Japan were the two largest importers, with a total value of more than 2 billion USD last year, he said. When the TPP takes effect, Vietnamese seafood exporters would benefit from the deal, which seeks to reduce or eliminate 90 percent of import taxes, raising the country's competitiveness vis-à-vis other exporting … [Read more...] about Vietnam’s seafood exports to benefit from TPP
Seafood exports set to top 7 billion USD this year
HCM City (VNA) - The country’s seafood exports are expected to reach 7 billion USD this year, a year-on-year increase of 5.5 percent, according to the Vietnam Association of Seafood Producers and Exporters (Vasep). Truong Dinh Hoe, Vasep’s general secretary, said: “Seafood export revenues this year will surely reach 7 billion USD or may be a little more than that. “In the early months of the year the seafood sector faced difficulties and challenges. Then a balance in supply and demand in the world market helped the prices of some seafood products recover.” Thanks to that, exports of certain items like shrimp and tra fish have increased this year, though the growth was not high, he said. The country earned 5.7 billion USD from exports in the first 10 months of the year and shipments are expected to increase significantly in the remaining months of the year because demand in the main import markets usually goes up during the year-end festive season, he said. … [Read more...] about Seafood exports set to top 7 billion USD this year
Seafood exports set to top $7b this year: Vasep
HCM CITY - The country's seafood exports are expected to reach US$7 billion this year, a year-on-year increase of 5.5 per cent, according to the Việt Nam Association of Seafood Producers and Exporters (Vasep). Trương Đình Hòe, Vasep's general secretary, said: "Seafood export revenues this year will surely reach $7 billion or may be a little more than that. "In the early months of the year the seafood sector faced difficulties and challenges. Then a balance in supply and demand in the world market helped the prices of some seafood products recover." Thanks to that, exports of certain items like shrimp and tra fish have increased this year, though the growth was not high, he said. The country earned $5.7 billion from exports in the first 10 months of the year and shipments are expected to increase significantly in the remaining months of the year because demand in the main import markets usually goes up during the year-end festive season, he said. "We have high expectations for … [Read more...] about Seafood exports set to top $7b this year: Vasep
Seafood exports set to pass $7b threshold this year
The country's seafood exports are expected to reach US$7 billion this year, a year-on-year increase of 5.5 per cent, according to the Viet Nam Association of Seafood Producers and Exporters (Vasep). Workers process fishery products at the Ngo Quyen Export Seafood Processing JSC, in Kien Giang Province, — VNA/VNS Photo Manh Linh HCM CITY (Biz Hub) — The country's seafood exports are expected to reach US$7 billion this year, a year-on-year increase of 5.5 per cent, according to the Viet Nam Association of Seafood Producers and Exporters (Vasep). Truong Dinh Hoe, Vasep's general secretary, said: "Seafood export revenues this year will surely reach $7 billion or may be a little more than that. "In the early months of the year the seafood sector faced difficulties and challenges. Then a balance in supply and demand in the world market helped the prices of some seafood products recover." Thanks to that, exports of certain items like shrimp and tra fish have increased … [Read more...] about Seafood exports set to pass $7b threshold this year