Accelerating exports of fishery products
17:39 | 10/11/2020

VGP – Despite the impact of the COVID-19 pandemic, businesses in the Mekong Delta have recently stepped up the processing of high-value fishery products in order to increase exports to many markets around the world.

Accelerating exports of fishery products

Seafood exports are showing signs of improvement, offering opportunities for enterprises to accelerate their pace and achieve their outlined targets in the remaining months of the year.

According to the Viet Nam Association of Seafood Exporters and Producers (VASEP), the situation of tra fish (pangasius) exports has improved since late Q3 after a sluggish period at the beginning of 2020.

Specifically, Viet Nam’s tra fish exports reached about US$1 billion between January and September, down 28.6% over the same period in 2019.

In September alone, the country raked in US$129 million from tra fish shipment, representing a year-on-year slump of 17.6. As such, the level of reduction is gradually shrinking.

An Giang-based Nam Viet Group said: “On average, we export 320-350 containers (each weighing 25 tons) of tra fish products each month.

In the last months of the year, our exports have surged in line with a growing number of orders from partners around the world.”

Recently, Nam Viet Group has announced a shipment of tra fish produced under high-tech processes for export to the EU, South America, ASEAN, China, and the Middle East.

With such product diversity, Nam Viet is striving to earn the revenue of US$110-120 million from tra fish exports in 2020.

For shrimp, according to the Ca Mau Provincial Department of Industry and Trade, the EVFTA coming into force has created concrete advantages to accelerate the exports of frozen black tiger shrimp and whiteleg shrimp, with black tiger shrimps enjoying a 0% tax as soon as the EVFTA takes effect and the tax on whiteleg shrimps to be gradually reduced to 0% after five years. This is an opportunity for businesses to increase shrimp exports to the EU market.

From now until the end of the year, the Mekong Delta provinces will focus on supporting local enterprises to diversify products, increase the level of deep processing and create more value-added items to raise their shrimp export revenues.

In addition, businesses will be assisted to understand and effectively implement the free trade agreements to which Viet Nam is a signatory. 

In the first 10 months of 2020, Viet Nam’s seafood exports hit about US$6.87 billion, down 2.74% year-on-year. With exports surging in the remaining months, the turnover for the whole 2020 is estimated to reach US$8.4 billion.

Despite being lower than the 2019 value of US$8.6 billion, this could be seen an encouraging result, particularly in the current difficult conditions./.

By Vien Nhu

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