Prospects for Vietnam’s export of frozen raw shrimps to Australia
Vietnam is looking to export frozen raw shrimps to Australia as the country has a great demand of this kind of product, said Deputy Minister of Agriculture and Rural Development Vu Van Tam.
Sydney (VNA) – Vietnam is looking to export frozen raw shrimps to Austral🐈ia as the country has a great demand of this kind of product, said Deputy Minister of Agriculture and Rural Development Vu Van Tam.
In his interview granted to Vietnam News Agency correspondents in Sydney on the occasion of his working visit to Australia from September 8-10, Tam said that the issue was discussed during his meeting with officials from the Australian Department of Agriculture and Water Resources.
Vietnam has so far shipped only processed shrimps to Australia, but not frozen raw ones. The country has been the largest supplier of processed shrimp products to Australia over the past five years.
According to the Deputy Minister, the Australian side showed interest in importing Vietnamese frozen raw shrimps.
In the fourth quarter of 2016, a delegation of Australian experts will make a fact-finding tour to Vietnam to inspect whether Vietnam meets requirements in production in order to export raw shrimps to their country or not.
Deputy Minister Tam said he believes that Vietnam can meet all requirements of Australia as over the past time, the country has focused on investing in shrimp farming technologies, and paid attention to controlling diseases and improving the quality of young shrimps.
According to the Vietnamese Trade Office in Australia, Australia has a great demand of seafood, with the import turnover increasing from 868 million USD in 2011 to 1.6 billion USD in 2015.
Vietnam is the fourth biggest seafood provider for Australia, but accounting for only 11.2 percent of the market share.
In the past five years, Vietnam remains the largest supplier of processed shrimps to Australia. However, its export turnover in the market decreased by 25.6 percent last year, and by 16 percent in the first seven months of this year.
The meeting also looked at measures to remove hindrances to trading of agricultural products between the two countries, including Australian fruits and cattle.-VNA
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has suggested developing shrimp as a national strategic product as it can contribute to agriculture growth in the rest of 2016.
Vietnam needs to devise more measures to improve the quality of farm produce in order to meet technical standards of Australia, towards promoting export to the nation.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Illustrative image (Source: VNA)
