Seafood products restructured to offset the decrease in export turnover from shrimp and pangasius in Vietnam

Seafood

Vietnam

Published Apr 17, 2023

Tridge summary

To overcome difficulties, businesses are focusing on markets with great demand. Accordingly, in addition to researching more value-added products for markets: the European Union, Korea, Japan, Australia, and the United States, at the same time, it also expanded to small but potential markets thanks to more stable economy than in the Middle East and ASEAN. With its geographical advantage, China is considered as a potential market to promote the export of fresh and live seafood products of Vietnam, however, the competitive pressure in this market is very large because many exporters in other countries are facing difficulties. Other countries are also focusing on this market. Ms. Le Hang, communications director of the Association of Seafood Exporters and Producers, said that the reopening of the Chinese market is expected to bring positive changes in value, the problem is the structure. Products need to change to compensate for traditional products such as pangasius and shrimp, which are currently declining in export turnover.

Original content

“Seafood products will have more positive signals than shrimp and pangasius but will mainly focus on the processing and export processing segment from imported materials. In particular, the categories that tend to change markedly this year are products for segments in Asian ...

Source: Vov