Vietnamese firms export seafood even to tough markets such as the European Union (EU), the United States (US) and Japan but are unable to sell their products at home.
HCM City (VNA) - Vietnamesefirms export seafood even to tough markets such as the European Union (EU), theUnited States (US) and Japan but are unable to sell their products at home.
Shark catfish for instance is exported to around140 countries, including the US and the EU, and shipments this year areexpected to be worth over 2 billion USD, but is not popular in Vietnam.
Speaking at a panel discussion on developing thedomestic market for shark catfish last month Dr Ly Thi Thanh Loan, member ofthe executive committee of the Vietnam Pangasius Association, said distributionand market segmentation have not been done well.
Nguyen Van Dao, General Director of the Go DangSeafood Company, said shark catfish companies mostly focus on export ratherthan selling to Vietnamese consumers.
The Vietnam Association of Seafood Exporters andProducers (VASEP) has been pushing to ease restrictions on traces of prohibitedchemicals and antibiotics in seafood before Tet (Lunar NewYear) holidays, which comes around early next year.
This year some supermarkets have been refusingto accept seafood containing cloramphenicol, an antibiotic that is prohibitedin seafood, though its content was under 0.3 ppb (parts per billion), lowenough for acceptance in the EU.
The companies selling the seafood saidVietnamese regulation are too stringent, claiming traces of the chemical wouldnot harm consumers.
The Ministry of Agriculture and RuralDevelopment said this is a relatively new problem which requires authorities toinvestigate further.
Its Agro Processing and Market DevelopmentAuthority also said some seafood firms are struggling to sell domestically dueto cumbersome procedures.
Last year, 31 kilogrammes of seafood were consumedper person in Vietnam, which could grow to 33-35kg by 2020, Nguyen Quoc Toan,deputy head of the authority, added.-VNA
Vietnam’s seafood export turnover in November reached 852 million USD, raising the total value in 11 months to 8.1 billion USD, a year-on-year increase of 6.8 percent.
Companies interested in organic agriculture should engage in market research and brand building, and not just simply chase trends without having first identified buyers, experts have said.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source VNA)
