Three more kinds of Vietnamese seafood exported to China
The Asian-African Market Department under the Ministry of Industry and Trade has announced that the General Administration of Customs of China has agreed to allow three more types of Vietnamese seafood to be exported to the country.
Hanoi (VNA) - The Asian-African Market Department under the Ministry of Industry and Tradehas announced that the General Administration of Customs of China hasagreed to allow three more types of Vietnamese seafood to be exported to thecountry.
According to the Chinese side, Vietnamese white clams, spottedclams and oysters have been assessed by China through fisheries control systems
These products are naturally exploited, managed and certified by the Vietnameseside with a similar process, it said.
The Chinese side suggested that Vietnam should conduct quarantine tests andissue certificates in the form agreed by the two parties so that Vietnam’sseafood products can be exported to China smoothly.
With the latestagreement, 48 kindsof Vietnamese seafood are now being exported to the Chinesemarket.
Statistics from the General Department of Vietnam Customs show that in the first ninemonths of 2019, Vietnam’s export turnover of aquatic products to China hit831.8 million USD, up 14.19 percent year-on-year, representing 3.2 percent ofVietnam’s total seafood exports./.
Vietnam’s seafood export turnover in June reached 794 million USD, raising the total value for the first half of the year to nearly 4 billion USD, up 0.3 percent year on year, according to the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority (AgroTrade).
Seafood shares advanced in the first half of the year as the freshly signed EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have positive impacts on the business results of seafood exporters, according to insiders.
Vietnam’s seafood exports to China are expected to rise in the second half of this year to reach the 1.2 billion USD target for the whole of this year as China’s seafood demand is on the rise, and the escalating US-China trade tension is likely to create as an opportunity for Vietnamese exporters to increase their market share in China.
Vietnam’s seafood exports increased slightly in July but the country is forecast to continue facing challenges, experts told a conference held by the Vietnam Association for Seafood Exporters and Producers in Ho Chi Minh City on August 28.
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.
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While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: VNA) 
