Vietnam’s shrimp export value to Canada reached 27.7 million USD by March 2018, a year-on-year increase of 16 percent, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
Consumers in Canada increasingly prefer processed seafood, especially processed and frozen shrimps, due to their high usability. Shrimp dishes are increasingly becoming popular in restaurants too (Photo: VNA)
Hanoi (VNA) – Vietnam’s shrimp export value to Canadareached 27.7 million USD by March 2018, a year-on-year increase of 16 percent,according to Vietnam Association of Seafood Exporters and Producers (VASEP).
For many years, Canada has been among the top 10 shrimpimport markets of Vietnam. Although shrimp exports to Canada has not grownnoticeably and continuously, the country is still considered a potential marketfor Vietnamese shrimp products due to its proximity to the United States andhigh living standards of the Canadian people.
Canada imports an average of over 50,000 tonnes of shrimpsevery year. From 2013 to date, the volume of shrimps imported by Canada hasincreased from 48,000 tonnes to 55,000 tonnes.
In 2017, shrimp import value to Canada reached 546.5 millionUSD, up by 14 percent compared to 2016. The four largest shrimp suppliers toCanada include Vietnam, India, Thailand and China. Of these, Vietnam is thelargest supplier, accounting for 26.8 percent of the total import value in 2017.
Consumers in Canada increasingly prefer processed seafood,especially processed and frozen shrimps, due to their high usability. Shrimpdishes are increasingly becoming popular in restaurants too.
According to VASEP, to have successful exports of shrimps toCanada, Vietnamese businesses should focus on the value-added products segment.Regarding fresh seafood products, Vietnamese firms should provide informationto Canadian customers on preparing or processing those products.
Exporters should also pay more attention to the model ofgoods, develop new products as well as focus on quality services, packaging,labelling and appropriate prices, VASEP suggested.-VNA
More than two years ago, Dang Thanh Tan, a farmer in Binh Minh town, northern Ninh Binh province, decided to switch from breeding shrimp in traditional ponds to high-tech farming.
As profits rise from shrimp-rice rotation models, Vinh Thuan district in the Mekong Delta province of Kien Giang plans to expand the cultivation area to 10,000ha.
Vietnam’s fishing output in the first four months of 2018 totalled nearly 1.08 million tonnes, an increase of 2.7 percent from a year ago thanks to favourable weather conditions and increased fish population.
The European Union (EU) market was the largest export market of Vietnamese shrimp in the first quarter of this year, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.