Vietnam eyes stronger export of aquatic products to Brazil
Updated : Wednesday, July 18, 2018 10:34 AM (GMT+0700)

Vietnamhas become one of the three largest white-fleshed fish suppliers for Brazil,with the export value of Tra fish to the market reaching 104.7 million USD in2017, up 54 percent against 2016. 

Processing Tra fish for export - Source: VNA

According to the VietnamAssociation of Seafood Exporters and Producers (VASEP), Brazil - which hasannually imported more than 1 billion USD in the value of aquatic productssince 2012, is now one of the largest markets of Vietnam’s Tra fish. 

This is a potential marketin South America for Vietnam’s aquatic products, especially Tra fish, theassociation said. 

Statistics from theInternational Trade Centre showed Brazil ranked 21st globally in importingaquatic products in 2016. 

Vietnam’s exports of aquaticproducts to Brazil have risen over the past few years but its market shareremains limited. 

The situation isattributable to the fact that Vietnamese exporters are meeting difficulties inselling their aquatic products in Vietnam’s traditional markets such as the USand EU. 

In the first months of 2018,Brazil was still one of the most important markets of Vietnam’s Tra fish. 

However, processors andexporters said their exports of aquatic products to the country still facedifficulties and risks because the market applies strict regulations on qualitystandards and technical barriers to protect Brazilian producers. 

The Ministry of Agricultureand Rural Development (MARD) has paid attention to promoting negotiations withthe Brazilian side, towards making it easier for Vietnamese aquatic products toenter the market. 

MARD’s Department of AnimalHealth recently asked VASEP to point out difficulties facing Vietnameseenterprises in exporting aquatic products to Brazil. 

VASEP Vice General SecretaryTo Thi Tuong Lan said the department should help aquatic firms update Brazil'simport information and regulations as quickly as possible, as well as identifyrisks related to trade protection. 

It is necessary to havemeasures to prove that shrimps from Vietnam do not pose infection risk toshrimps in importing countries, she stressed. 

Recently, during his visitto Brazil, Deputy Prime Minister Vuong Dinh Hue also asked the Braziliangovernment to create favorable conditions for Vietnamese aquatic businesses toexport their products such as Tra and basa fish and shrimps to the country.

Vietnam’s seafood exportsreached a value of nearly 4 billion USD in the first half of 2018, up 12.3percent year-on-year, according to VASEP. 

In June, basa fish broughthome more than 200 million USD, up nearly 33 percent annually, bringing thesix-month figure to about 1 billion USD, up 21 percent. 

Firms predicted that seafoodexports will keep growing over the last half of the year thanks to an increasein demand. Several domestic processing enterprises have signed contracts formajor holidays later this year. 

The country’s export ofaquatic products is forecast to continue growing strongly for the rest of theyear.


Write your comment here
© PhuYen Newspaper- Editorial Board: 62 Le Duan, Tuy Hoa City, Phu Yen Province
Tel: (84-057).2211110 - (84-057).3842488, Fax: (84-057).3841275
Designed by nTek