exporters prepare for crisis
|Seafood is processed at
the Central Seafood Export Co. — VNA/VNS Photo Hong Ky
HA NOI — A decline in
shrimp from India and Indonesia is likely to create opportunities for Viet Nam’s
seafood exporters as they struggle with the difficulties stemming from the
global economic crisis.
So too will the
newly-signed economic agreements with Viet Nam’s second best customer for
The Viet Nam-Japan
Economic Partnership Agreement and the ASEAN-Japan Comprehensive Economic
Partnership Agreement will come into effect this year.
Both are expected to
ensure Japan continues to buy Viet Nam’s frozen shrimp, tuna and other species
of saltwater fish, reports the Viet Nam Association of Seafood Exporters and
Not unexpectedly, the
association forecasts that numerous seafood exporters will focus on the Japanese
market because of the crisis.
Japan is Viet Nam’s
major market for frozen shrimp - yearly revenue is put at almost US$400 million
- and Quoc Viet Co Ltd general director Ngo Van Nga said his company had already
sent one container of crustacean to Tokyo this year.
Sao Ta Food Joint Stock
Company (Fimex VN) general director Duong Ngoc Kim said his company had exported
Japan imported 134,000
tonnes of seafood from Viet Nam worth $828 million last year - 13.2 per cent
more by volume and 11 per cent in value compared with the figures in 2007.
The Ministry of Industry
and Trade has approved five promotion programmes for seafood exports, including
one in Japan, says the Viet Nam Association of Seafood Exporters and Producers.
The programmes are
intended to boost seafood exports during the economic crisis.
The approved promotions
are: Gulfood 2009, a trade fair for food and beverage in the United Arab
Emirates from February 21-28; the International Boston Seafood Show in March;
the European Seafood Exposition – a trade fair on seafood in Brussels during
April; the Japan International Seafood and Technology Expo in Tokyo, in July;
and a programme for improving the quality of trade information for Viet Nam’s
seafood producers and exporters. — VNS