Tra fish companies see profits slump in pandemic

Multiple tra fish companies suffered losses due to falling export prices and lower orders, focusing instead on the domestic market amid the COVID-19 pandemic.

Squid, octopus exports bounce back in June Việt Nam’s squid and octopus exports grew 6.5 per cent to bring back over US$48 million in June after a continuous decline in the three previous months.

Việt Nam shrimp exports to surge as demand increases

Việt Nam's shrimp industry expects to increase exports this year end because of a rise in demand, according to the Việt Nam Association Seafood Exporters and Producers (VASEP).

VN shrimp exports to US expected to increase by 20 per cent Shrimp exports to the US have been unaffected by the Covid-19 outbreak, and are expected to increase by 20 per cent this year, according to the Việt Nam Association of Seafood Exporters and Producers.

Squid, octopus exports down 21.2 per cent Squid and octopus exports fell by 21.2 per cent year-on-year in the first five months of the year to US$192 million as demand was hit by COVID-19, according to the Việt Nam Association of Seafood Exporters and Producers.

EU to remove tariffs on Vietnamese tuna once trade deal takes effect The European Union will eliminate tariffs on fresh and frozen Vietnamese tuna products, with 11,500 tonnes of canned tuna and 500 tonnes of canned fish balls exempted annually, once a free trade pact the two sides have signed comes into effect possibly in August.

Seafood sectors urged to diversify products Since the beginning of the year, exports of the two main seafood products of Viet Nam in tra (pangasius) fish and shrimps have declined sharply. 

Shrimp exports expected to increase in coming months Việt Nam’s pushback of COVID-19 pandemic has helped shrimp exporters raise their competitiveness on the world market, being over other competitors such as India and Ecuador, where are still struggling with the outbreak and not yet able to return to normal production.

Tuna export market still unstable

In the difficult economic context caused by the novel coronavirus (COVID-19) pandemic, the Việt Nam Association of Seafood Exporters and Producers (VASEP) suggested tuna processors and exporters exploit domestic market.

Seafood exports continue reduction in Q2

 Việt Nam’s seafood exports will continue to see reductions in next few months due to the pandemic, according to the Việt Nam Association Seafood Exporters and Producers (VASEP).