Nine-month seafood exports estimated at 6.4 billion USD
Updated : Saturday, October 06, 2018 10:27 AM (GMT+0700)

Seafoodexport value in the first nine month of the year was estimated at 6.4 billionUSD, a year-on-year increase of 7.2 percent, according to the Department ofFarm Produce Processing and Market Development under the Ministry ofAgriculture and Rural Development (MARD).

Shrimp processed for exports - Photo: VNA

The US, Japan, China, andthe Republic of Korea remained the four largest seafood importers of Vietnam,accounting for 54.1 percent of the total value. Meanwhile, strong increase wasseen in the seafood shipments to the Netherlands (28.2 percent), Hong Kong(23.6 percent) and the UK (19.9 percent).

During January-September,Vietnam spent 1.26 billion USD purchasing seafood from foreign countries, up21.3 percent from the same time last year.

The department also gavepositive outlook for seafood exports in the end of the year as the USDepartment of Commerce (DoC) decided to lower anti-dumping duties on theimports of Vietnamese shrimp and tra fish.

Last month, the DoC announcedthe final results of the 12th Period of Review (POR12), lowering theanti-dumping tariff on shrimp imports from Vietnam to 4.58 percent. The finalrate is much lower than the preliminary rate of 25.39 percent, first announcedby the DoC on March 8.

Also, the US reducedanti-dumping duty on Vietnamese tra and basa (pangasius) fish under its preliminaryconclusion of the 14th period of review (POR14). The new duty is2.39 USD per kilogramme as compared to 3.87 USD per kilogramme in the previousreview.

The US Office of the FederalRegister published proposed rules on its website, listing Vietnam, China andThailand as three foreigners qualified to ship catfish to the American country.The proposed rules announced the Food Safety and Inspection Service (FSIS)under the US Department of Agriculture’s determination that catfish inspectionsystems of the countries be equivalent to those in the US. The proposals areopen for public comment for 30 days. However, further inspections will becarried out for Thai and Chinese systems. 

In addition, demands forshrimp and tra fish are forecast to advance by leaps and bounds in the end ofthe year. Vietnam will gain competitive edge over its competitors-Thailand andIndia whose shrimp productivity is on the decline.

The MARD has ordered theseafood sector to channel focus to remove “yellow card” to bolster exports tothe EU market, instruct localities to enhance fishing management, inspectefforts to fight illegal fishing, and direct shrimp and tra fish production inthe Mekong Delta region.


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