Meeting with the big barriers in the EU market, Vietnamese tra export companies tend to head for the US market. However, analysts have warned that this may lead to the overly hot development in the exports to the market.
The demand for seafood imports from the EU market has been decreasing dramatically, since people have to cut down their spending amid the prolonged economic crisis. Therefore, Vietnamese exporters, who cannot boost sales to the EU market, have been trying to conquer the U.S. market.
Nguyen Thi Hong Minh, former deputy minister of fisheries, now the Ministry of Agriculture and Rural Development (MARD), who has returned from a fact finding trip to Mekong Delta, has warned that Vietnamese seafood companies have been flocking to the U.S. market.
“They (seafood companies) told me that they are considering exporting to the U.S. market to offset the decreases in the exports to the EU,” Minh said at a conference held by the Vietnam Association of Seafood Exporters and Producers (VASEP) on June 12.
