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Concerns Over DIV1 Virus and Its Impact The Ministry of Agriculture and Rural Development (MARD) has recently urged for enhanced management of seafood transportation across the border, with a specific focus on preventing the spread of a deadly virus known as Decapod iridescent virus 1 (DIV1 virus) from China to Vietnam. The ministry has called

Impact of COVID-19 on Seafood Exports First Secretary and Head of the Trade Office at the Vietnamese Embassy in Egypt, Nguyen Duy Hung, highlighted that Vietnam’s tuna exports to the Middle East and Africa have shown promising signs since the beginning of the year, despite the overall decline in seafood exports due to the COVID-19

Favorable Market Conditions in the EU According to seafood experts in Vietnam, the European Union (EU) holds significant potential as a market for the country’s shrimp industry in the coming year. As the largest shrimp market globally, the EU’s demand for shrimp surpasses its domestic production capacity, creating opportunities for Vietnam’s shrimp exports. By leveraging

Significant Decline in January Vietnam’s seafood exports experienced a sharp decline of 25 percent in January compared to the previous year, primarily due to the outbreak of the novel coronavirus. According to a report from the Vietnam Association of Seafood Exporters and Producers (VASEP), total seafood exports during the month amounted to $556 million. Notably,

Severe Shock to British Fishers The coronavirus outbreak has dealt a significant blow to British fishers, causing a “very severe shock” to their livelihoods. The demand for seafood from export markets and domestic restaurants has dramatically decreased, resulting in a challenging situation for the industry. With approximately 70% of the UK’s catch being exported to

Increased Orders and Positive Signals The Việt Nam Association of Seafood Exporters and Producers (VASEP) has reported encouraging developments in seafood exports to Europe following the implementation of the EU-Việt Nam Free Trade Agreement (EVFTA) at the beginning of this month. Since then, the European market has witnessed a notable increase of approximately 10% in

Promising Prospects for Pangasius Exports Following the latest round of negotiations between Vietnam and the European Union (EU) in Brussels, the Vietnam Association of Seafood Exporters & Producers (VASEP) reported that Vietnam is projected to export 19.5% of its Pangasius fish to the EU and Russia this year. The negotiation resulted in a significant reduction

Impact of the Covid-19 Pandemic on Tra Fish Industry The Covid-19 pandemic has significantly affected the global seafood industry, leading to a reduction in consumption and a decline in orders by 35-50%. Vietnamese tra fish companies, located along the Mekong and Bassac rivers and near the Cambodia border, have faced losses due to falling export

Factors Pointing to Recovery in Seafood Exports to China The first half of the year witnessed a decline in Vietnamese seafood exports to China due to stringent regulations imposed by Chinese authorities. However, the Vietnam Association of Seafood Exporters and Producers (VASEP) predicts a potential recovery in the second half. VASEP’s latest report suggests that

Slow Growth Projections for Vietnam’s Seafood Exports The Vietnam Association of Seafood Exporters and Producers (VASEP) recently released a report indicating that Vietnam’s seafood exports may fall short of the targeted $10 billion for the year. Instead, the export value is expected to experience a modest 2 percent increase from the previous year, reaching $9