Illustrative image (Source: VNA)Hanoi (VNA) – Aquatic product exports in the past ten months rose17.6 percent to 6.73 billion USD, according to the Ministry of Agriculture andRural Development.
China, Japan, the Republic of Korea and the US were largest importers,occupying 55.3 percent of total export value. Strong growth in export revenuewas seen in China (65.8 percent), the Netherlands (42.9 percent) and the UK(29.7 percent).
In the ten-month period, the country splashed out 1.14 billion USD on aquaticimports, up 29.8 percent from the same time last year.
The European Commission (EC)’s recent decision to issue a “yellow card” warningto Vietnam after the country failed to demonstrate sufficient progress in thefight against illegal, unreported and unregulated (IUU) fishing had certainimpacts on Vietnamese aquatic shipments.
Increasing inspections on Vietnamese products will result in a surge ininspecting and storage costs for Vietnamese exporters, the Vietnam Associationof Seafood Exporters and Producers (VASEP) said.
The “yellow card” issuance also raised concerns among other foreign importers,especially those purchasing Vietnamese materials for re-exports to the EU, theUS or countries with strict measures against IUU fishing.
Regarding the domestic market, price of material tra fish increased up to 1,500VND to 28,000 VND per kilogramme due to limited supply.
Enterprises are on strong demands for shrimp to serve exports in the end of theyear, also leading to price hikes.-VNA
VNA
