Seafood exports in Vietnam to finish 2018

Vietnamese food exports area unit ready to end 2018 on AN up note once a rough starting, supported the newest report from the Vietnam Association of food Exporters and Producers (VASEP).

The country exported $847 million price of food in September, a rise of V-day over the previous month, and brought the general earnings from aquatic merchandise to $6.4 billion for the primary 9 months of the year, a 6.4% increase, VASEP said, per Vietnam.net. it is also poised for a stronger fourth quarter than the ultimate 3 months of 2017, the trade association suggests.

The Vietnamese food trade has moon-faced some challenges in 2018, it’s been subject to a “yellow card” warning by the eu Commission for failing to demonstrate sufficient progress within the fight against outlawed, unreported and unregulated (IUU) fishing. However, on the intense aspect, the United States Department of Commerce recently declared that it’s down its anti-dumping tariff on shrimp imports from Vietnam for the amount between Gregorian calendar month one, 2016 and Jan thirty one, 2017.

The United States is that the Vietnamese shrimp industry’s third-largest export market with AN annual turnover of over $600m, Revolutionary Organization 17 November of all Vietnamese shrimp exports.

Also, the United States Department of Agriculture recently projected granting Vietnamese pangasius equivalency standing, guaranteeing its ability to continue being foreign into the United States. It’s a move that VASEP Secretary General Truong Dinh Hoe has aforementioned would improve Vietnamese catfish’s status and image in different markets across the world.

Also, the United States executive department, in period, reduced anti-dumping duties on the fish for the amount from quarter day, 2016 to July thirty one, 2017. The agency is scheduled to announce the ultimate results of another review in Jan 2019.