Seafood exports nears 4 billion USD in first halfThursday, July 11,2019
AsemconnectVietnam - Vietnam’s seafood export turnover in June reached 794 million USD, raising the total value for the first half of the year to nearly 4 billion USD, up 0.3 percent year on year, according to the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority (AgroTrade).
Vietnamese firms have more chances to boost seafood exports to the US as many imports from China, including high value added seafood, have been subject to a 25 percent tariff in the North American country.
In the short term, experts suggested local exporters to sell more shrimp in the US as the US Department of Commerce (DoC) has already removed the anti-dumping duty on Vietnamese frozen shrimp. The preliminary duty of 4.58 percent has been scrapped for 31 local exporters following the DoC’s 13th Period of Review (POR13), which reviewed the anti-dumping tariff on shrimp imports from Vietnam.
As for tra fish, local firms should promote shipments to non-traditional markets like China, the EU and ASEAN since the DoC has increased anti-dumping tariffs on the products by 0.96-3.87 USD per kilogramme.
It is necessary for the Vietnamese processors to upgrade and improve preservation and processing facilities, making their standards equivalent with those in China. By so doing, they will have more chances to enter the US market, according to the insiders.
Poland to speed up exports to Vietnam
Poland – leading trade partner of Vietnam in Eatern Europe
VN posts positive trade balance with CPTPP
Pepper output sees significant rises amid low prices
Retail a potential market for franchising in Vietnam
Shares of shrimp exporters surge after US cuts anti-dumping tariffs
Vietnam’s trade exchange with Poland in first 7 months of 2019
Imports of animal feed and materials in first 7 months of 2019
Robust economy underpins stable outlook for banks: Moody's
Shrimp export to China sees positive signs
E-commerce – a breakthrough solution for enterprises
Shrimp exports recover in July
Vegetable, fruit exports target for 2019 reachable: experts
Local retailers can seize lion’s share