China overtakes EU to become Vietnam's second seafood export market

According to the Vietnamese media Nong Nghiep, in recent years, China has been Vietnam’s third largest seafood export market, after the United States and the European Union, with an annual trade volume of more than US$1 billion, accounting for about 15% of Vietnam’s total exports. In 2019, the trade volume of the Chinese market surpassed that of Europe and the United States, reaching 716 million US dollars, of which the export value of shrimp and pangasius products was close to 280 million US dollars. the Statistics show that in the first half of the year, the export value of Vietnamese shrimp products and pangasius decreased by 15.7% and 34.4% year-on-year respectively, mainly because the prices of the two were at historically low levels. the Truong Dinh Hoe, secretary-general of the Vietnam Association of Seafood Exporters and Producers (VASEP), said that although the prices of shrimp and pangasius fell, the market is expected to be relatively optimistic in the second half ...