Exports to China are expected to double in the second half of this year
Seafood exports to China falling in the first half due to tightened regulations
Monday, August 12, 2019, 19:00 (GMT + 9)
There was a 2.3 percent decrease in the first six months year-on-year given China’s new border quality control policy.
Vietnamese exporters struggled to meet China’s tough new food safety standards due to a lack of knowledge, leading to a decline in shipments, the Vietnam Association of Seafood Exporters and Producers (VASEP) said.
Demand for seafood is set to rise in China, especially for high-quality products, which could mean Vietnam’s USD 572-million exports in the first half would double to USD 1.2 billion for the year, VASEP said in a new report.
China to become second largest importer of Vietnam shrimp (Photo: Stockfile)
China is one of Vietnam’s most important seafood markets. Over 150 Vietnamese businesses export to the country, 50 of them shrimp and 45 of them pangasius fish.
VASEP said earlier that Vietnam’s overall seafood exports this year would only rise by 2 percent to USD 9 billion against a target of USD 10 billion.
Vietnam ranks among the top ten seafood producers in the world, according to the U.N. Food and Agriculture Organization.
Source: Dat Nguyen / e.vnexpress.net