Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Trade  >> Vietnam seafood exporters face challenges to achieve export target
NEWS UPDATES Asean Affairs   10 July 2013  

Vietnam seafood exporters face challenges to achieve export target

Aqua-culture enterprises should co-ordinate their efforts, Truong Dinh Hoe, secretary of the Viet Nam Association of Seafood Exporters and Producers told Hai Quan Cuoi tuan (Customs Weekend newspaper).

What are the chances of Vietnamese seafood enterprises exporting their target of US$6.5 billion of goods this year?

The biggest advantage enjoyed by seafood firms is the Government's decision to lower lending interest rates. And the US Congress has decided not to inspect Viet Nam's catfish. Meanwhile, Japan has lifted its checks on the chemical Trifluralin in Vietnamese catfish.

The biggest challenge facing seafood exporters is the eighth administrative review (POR8) of the anti-dumping duty on pangasius fillets from the US Department of Commerce from August 2010 to July 2011. Accordingly, the product from 14 Vietnamese companies will be subject to a duty rate many times higher than the POR7. In addition, there is a big shortage of raw materials in Viet Nam.

These two factors will have impacts on exporters. It is too early to say if the target will be achieved as it depends on many volatile factors.

However, in my opinion, the biggest obstacle is the world economic condition and the US Department of Commerce's final decision on August 13 on anti-subsidy duty on Vietnamese shrimps exported to the US.

What should seafood exporters do to overcome these challenges?

They should develop sustainable raw-material regions so they can be in a positive situation no matter what happens.

VASEP has created good links with fish farmers. So my advice to exporters is to invest more on aqua-culture areas. As far as I know, catfish processing companies have invested in rearing between 60-70 per cent of raw materials. Companies rearing shrimps have worked hard to expand production areas using technological standards.

What's more important is that all seafood exporters should co-ordinate closely.

Do you think Viet Nam should come up with a floor price for its shrimps and pangasius fillets to reduce risks on allegations of subsidy and dumping?

It is natural for other countries to use their laws to protect their domestic industry. This is a tool to protect their fish farmers against foreign low-cost products. We must be pro-active to solve any problems that arise. I don't agree with the proposal that Viet Nam should come up with the floor price. We operate in a free market, so let each firm make its own decision.

Does VASEP think the Government should support seafood enterprises to overcome their challenges?

Recently, VASEP signed a memorandum of understanding with the Viet Nam General Department of Customs (GDC), under which it will provide regular information on the volume of Vietnamese seafood exported to the US.

Electronic customs procedures is a big help for firms.

With active support from the GDC, seafood exporters will achieve the $6.5 billion goal in export turnover for 2013. The sum should reach $10 billion by 2020

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    10 July 2013 Subsribe Now !
• Singapore seeks concrete steps on haze from Asean Meeting Subcribe: Asean Affairs Global Magazine
• Myanmar Journalists condemn bill on press freedom Asean Affairs Premium
• Singapore PR to ASEAN Bids Farewell to ASEAN SG
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• General Motors on track to set up shop in Myanmar
• Vietnam seafood exporters face challenges to achieve export target
• Jordan Govt plans to buy back Brunei firm's stake in mining firm
• French Republic to Strengthen Friendly Relations and Cooperation with ASEAN
Asean Analysis            9 July 2013 Advertise Your Brand
• Asean Analysis- July 9, 2013
• Asean Weekly: The Biweekly Update
Asean Stock Watch     9 July 2013
• Asean Stock Watch-July 9, 2013  

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand