The Vietnam Association of Seafood Exporters and Producers (VASEP) asked for capital support for seafood enterprises, which are set to make a 20-year high in export turnover this year.

Although Vietnam is hoping for stunning growth in seafood exports, particularly in the likes of basa fish and shrimp, the nation’s share in the EU market and utilisation of its trade deal with the bloc remain under some pressures.

The second quarter witnessed an outstanding performance of pangasius exporters thanks to soaring prices and bigger outputs.

Thanks to large-scale production in the last months of 2021, the seafood export value for the whole year rose 6% compared to 2021 reaching more than US$8.9 billion.

Vietnam’s seafood exports to China are likely to decrease sharply as Chinese customs are tightening control over imports.

The nation is poised to become a deep seafood processing centre and join the group made up of the three leading seafood producing and exporting countries in the world,

The Vietnam Association of Seafood Exporters and Producers (VASEP) expects that Vietnam will be able to export seafood worth US$8.6 billion this year thanks to a high demand at the end of the year.

Vietnam needs to strengthen measures to achieve the sustainable development of seafood exports to the EU market, especially after the EVFTA comes into effect, according to experts.

Vietnamese businesses should prepare to deal with potential trade barriers that could arise early next year when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect, experts have said.

Vietnamese businesses should prepare to deal with potential trade barriers that could arise early next year when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect, experts have said.

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No perfect solution has been found to reduce the number of refused seafood exports. Meanwhile, enterprises have to spend more money for temporary solutions.