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
Vietnam’s largest shrimp producer, Minh Phu Seafood Corp., ended 2018 with both export volumes and export value increasing substantially compared with 2017, Le Van Quang, chairman and CEO of Minh Phu, told SeafoodSource on 8 January.
The company exported nearly 67,500 metric tons (MT) of shrimp last year, jumping 19.6 percent year-on-year. The export value in 2018 was USD 751 million (EUR 656.2 million), up 7.7 percent from 2017.
In… Read More
Vietnam is pushing to implement recommendations from the European Commission in advance of a new round of inspections that the country’s leaders hope will lead to the elimination of a warning label it received from the commission last year.
The E.C. issued a “yellow card” to Vietnam in October 2017, warning the Pacific country it could ban its seafood exports entirely unless Hanoi did more to tackle illegal, unreported, and… Read More
The tariff conflict between the United States and China has enabled Vietnam and other tuna exporters to increase shipments to the United States and this trend is expected to continue in the coming months, Vietnam Association of Seafood Exporters and Producers (VASEP) said in a statement last week.
In October, Vietnam exported tuna worth USD 26 million (EUR 22.9 million) to the United States, soaring 35 percent from the same month in 2017 and up… Read More
Following a recent visit, a delegation from the European Parliament’s Committee on Fisheries has praised Vietnam’s to fight illegal, unreported, and unregulated fishing (IUU).
The seven-member delegation, led by Gabriel Mato – a member of European parliament and committee spokesperson – held a number of high-level meetings with the prime minister, the vice chairman of the national assembly, ministers, and officials from… Read More
Minh Phu Seafood Corp., Vietnam’s largest shrimp producer, is embarking on plans to boost its exports to the United States, with a view to taking advantage of the trade war between the U.S. and China.
In a stakeholders’ extraordinary general meeting on 10 November, the company approved plans to build a breaded shrimp processing plant in Vietnam and two cold storage facilities in the United States, Le Van Quang, chairman and CEO of… Read More
The U.S. Court of Appeals for the Federal Circuit last week affirmed a 2016 U.S. Court of International Trade decision, rejecting the challenges brought by Vietnamese exporters and some U.S. importers against the U.S. Department of Commerce’s Final Results in the eighth administrative review of the antidumping duty order on certain frozen warmwater shrimp from Vietnam.
The eighth administrative review determined final antidumping… Read More
Vietnam's seafood exporters are hoping the free trade agreement it is finalizing with the European Union will help it strongly boost seafood shipments to the bloc and help the country's products become more competitive there.
On 17 October, the European Commission agreed to submit the E.U.-Vietnam Free Trade Agreement (EVFTA) to the European Council. Its approval is slated for the year-end, which will then result in the deal moving to the… Read More
Vietnam’s largest shrimp producer, Minh Phu Seafood Corp., has seen its export volume hit a record high in August as its export contracts rose sharply this year.
Minh Phu exported 8,354 metric tons (MT) of shrimp in the month, rising 35.2 percent year-on-year to the the highest volume in its history, the company said in a statement on 18 September.
The company shipped 39,354 MT between January and August, up 18.3 percent from a year… Read More
Vietnam, the world’s biggest pangasius supplier, has started to think seriously about other potential rivals in Asia, as competition is likely to heat up in the future.
Vietnam has retained its global monopoly in pangasius supply for the last 20 years. Because pangasius is rather easy to farm and demand is high in major markets, including the United States and China, a number of countries have stepped in to produce the fish, placing a… Read More