|Workers process tra fish at Sao Mai Group's factory in Đồng Tháp Province. The EU has remained one of Việt Nam’s largest seafood importers for years. — VNA/VNS Photo Vũ Sinh|
HÀ NỘI — Việt Nam’s seafood processors are urged to invest in sustainability to increase exports to the EU.
According to Vietrade Deputy Director Lê Hoàng Tài, the EU has remained one of Việt Nam’s largest seafood importers for years. Taking effect from 2020, the EU-Việt Nam Free Trade Agreement (EVFTA) has provided Việt Nam with even broader access to the EU market, with all the tariffs on aquatic products eliminated in seven years.
Việt Nam’s aquatic exports reached US$2.4 billion in the first quarter of 2022, up 40 per cent from last year.
Shipments of tra fish to the EU totalled $28 million in the first two months of this year, up 76 per cent year-on-year, while those of shrimp hit $159 million, up 66 per cent, on the back of rebounding demand post-pandemic.
Last year, Việt Nam exported over $1 billion worth of aquatic products to the EU, up 12 per cent against the previous year. The five biggest EU importers included the Netherlands, Germany, Belgium, Italy, and France, together accounting for 72 per cent of the total exports.
At the two-day Việt Nam – EU Business Matching Webinar on Seafood Products 2022 co-hosted by the Việt Nam Trade Promotion Agency (Vietrade) and Trade Offices and Embassies of Việt Nam in EU member states ending on Tuesday, Tài expected through the webinar, the Vietnamese producers would have better understanding of the EU market and the partnership between the two sides to further accelerate the development of the fishery industry in Việt Nam.
The event is part of this year’s national programme on trade promotion which aims to support Vietnamese seafood producers in seeking buyers in the EU.
Trade Counsellor in Sweden, Finland, Iceland and Latvia Lê Hoàng Thúy noted that a wider range of goods and instant food products had been made available at supermarkets in northern Europe. It would be a good opportunity for Vietnamese exporters to boost sales to standardised processing companies capable of supplying highly value added products to the market, she said.
Sustainable fisheries was an emerging trend in the EU, Thúy noted, adding that it would be likely integrated into the management system in the future. This meant the EU would require the use of higher socially and environmentally responsible practices on imported seafood over the years, the official said.
She also highlighted the importance of ensuring quality control management and rules of origin for Vietnamese products as the EU consumers are paying greater attention to health and origin matters of imported foods. She urged domestic firms to label their products with accurate information and focus more on branding and developing products based on consumption trends. — VNS