Việt Nam’s fishery sector will gain advantages and export opportunities once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA) take effect, heard a seminar in HCM City on April 20.
The country’s shrimp export business could be in for a tough year, due to sharp rise in global surplus supply and a drop in market price.
The US Department of Commerce (DoC) announced its preliminary results of the 12th administrative review (POR 12) of the anti-dumping order on frozen warm water shrimps from Việt Nam.
The Cửu Long (Mekong) Delta province of Bạc Liêu has rejected the proposed Cái Cùng thermal power plant project, saying that it wants to become a national centre of renewable energy and a large producer of shrimp farming
Việt 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.
Shrimp exports to the European Union (EU) increased constantly in August and September, making it the biggest consumer of the Vietnamese product, according to the Vietnam Association of Seafood Exporters and Producers (Vasep).
Việt Nam’s shrimp exports in the first half of this year rose 15.7 per cent year-on-year to US$1.56 billion, thanks to declining supply sources from shrimp exporting countries.
The Ministry of Industry and Trade (MoIT) has joined hands with other ministries and sectors to promote the export of agri-aquatic products to Australia.
Việt Nam needs to develop an equitable and sustainable shrimp production chain, Đinh Xuân Lập, Deputy Director of the International Collaborating Centre for Aquaculture and Fisheries Sustainability (ICAFIS), said.
Southernmost Cà Mau Province is striving to earn US$2 billion from shrimp exports by 2020, nearly doubling last year’s export revenue.