Multinational retail chain Walmart is looking for more supplies of seafood and other food products from Vietnam to meet its rising demand globally.
Vietnam’s Ministry of Industry and Trade and Walmart jointly held a seminar on 17 July in Ho Chi Minh City, titled “Strategies to cooperate with retail chain Walmart,” according to a government statement.
Walmart wants to see more products from Vietnam in its global supply chain… Read More
Diplomatic relations in Southeast Asia have been strained in recent weeks following alleged encroachments by Vietnamese fishermen in Malaysian and Indonesian territorial waters.
Tensions have flared as inspectors from the European Commission are expected to visit Vietnam later this month or early June to review the “yellow card” given to Vietnam in 2017, imposed in part due to Vietnam’s failure to curb its fleet’s… Read More
The value of Vietnam’s pangasius exports to two major markets, China and the United States, fell for the first time in three years in the first quarter of 2019, while the export value earned from several other markets rose.
China (including Hong Kong) remained the biggest buyer of Vietnamese pangasius in Q1, but the export value decreased 1.8 percent year-on-year to USD 99.3 million (EUR 88.3 million), according to Vietnam Association… Read More
The Aquaculture Stewardship Council (ASC) on Tuesday, 9 April launched a group certification in Vietnam, making its certification more accessible for small producers in the Southeast Asian nation.
A launch event was held in Can Tho City in the Mekong Delta, the most important region for pangasius and shrimp farming in the country, ASC said in a statement.
Under the new initiative, smaller-scale producers are able to join together as a group to… Read More
With its geographic proximity to Vietnam and its huge demand for shrimp, China should be a major market for Minh Phu's shrimp, company chairman and CEO Le Van Quang told SeafoodSource.
But in 2018, Minh Phu exported only 450 metric tons (MT) of shrimp to China, worth USD 6 million (EUR 5.3 million), a modest total compared with USD 305.7 million (EUR 273.4 million) the company earned from selling into the U.S. market.
This is likely to change… Read More
Continuing the country’s positive momentum from the back end of 2018, Vietnam’s seafood production continue to grow in the first two months of 2019, reaching an estimated 988,300 metric tons (MT), up 4.6 percent year-on year, according to latest data from the General Statistics Office.
Of that total, the output from aquaculture in the period was estimated at 464,700 MT, up 3.9 percent, while wild-catch fisheries contributed an… Read More
Tuna importers and exporters in Vietnam are complaining that their business operations have been severely impacted due to new requirements from the country’s Ministry of Agriculture and Rural Development, according to statements from Vietnam Association of Seafood Exporters and Producers (VASEP).
There are two circulars from the ministry that are now affecting both importers and exporters of tuna, VASEP said.
On 25 December, 2018, the… Read More
Viet Uc Seafood Corp., a leading shrimp breeding company in Vietnam, expects to start production at its new high-tech shrimp farm in April, the company’s controlling director, Vu Duc Tri, told SeafoodSource in an interview in Ho Chi Minh City on 21 February.
The company, which is the only producer of shrimp broodstock in the country, will begin operations at the new facility focused on shrimp breeding operations, and then expand to… Read More
Vietnam is hoping to take in USD 10.5 billion (EUR 9.26 billion) from exports of its seafood products in 2019, up 19.5 percent from last year, according to a statement from Vietnam’s General Department of Fisheries.
The country also plans to achieve seafood output of 8.08 million tons (MT), up 4.2 percent year-on-year, including 4.38 million MT of farmed species – 5.6 percent higher than 2018 – and 3.7 million MT of wild-caught… Read More
Vietnam had to lower shipments of shrimp to China last year as the latter reduced imports due to a high stockpile and increased inspections against trading activities through inland border areas, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The Southeast Asian nation exported shrimp worth nearly USD 450 million (EUR 392.8 million) to China from January to November last year, falling 29.5 percent from 2017,… Read More