VIETNAM BUSINESS NEWS DECEMBER 27 – Movie Breaking News

VASEP eyes $12 billion seafood exports The Vietnam Association of Seafood Producers and Exporters (VASEP) said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of 12 billion USD in 2025, 40 percent higher than this year. The target was announced at VASEP’s sixth congress held in HCM City on December 22 to review its 2015-20 activities and make plans for 2020-25. Truong Dinh Hoe, VASEP general secretary, said despite difficulties due to unfavourable weather, trade barriers such as anti-dumping taxes on shrimp and tra fish in the US and the EU’s ‘yellow card’ for illegal, unreported and unregulated fishing, and others, Vietnam’s seafood exports increased by 2.5 percent on average in the last five years and it now ranks in the top three in the world with China and Norway. The COVID-19 pandemic reduced exports significantly in the first half of this year, but they have recovered since July. The export this year is estimated to reach 8.58 billion USD, equal the figure of last year. Trade deals such as the EU-Vietnam FTA, CPTPP and others with major markets such as the Republic of… Read full this story

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