South Korean abalone massively entered the Vietnamese market

Published 2022년 4월 13일

Tridge summary

Vietnam has seen a significant decrease in the price of Korean abalone, with frozen varieties now available at half the price of fresh ones. Both live and frozen types are popular in markets in Ho Chi Minh City and Hanoi. Vietnam has emerged as the fourth largest importer of Korean abalone, with imports increasing by 20-30% each year, reaching $3.5 million is expected in 2022. The price of Korean live abalone has also dropped by 20% compared to the same period last year, costing 1.6-1.7 million VND per kg. Vietnamese consumers prefer Korean abalone over Australian products due to its lower price, with fresh products being recommended for purchase from reputable stores to ensure quality.

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Original content

In Ho Chi Minh City, many importers offer frozen Korean abalone with a wide variety and at half the price of fresh. As with 20-25 fish, the price is 850,000 VND per kg and according to a seafood owner on Quang Trung Street (Go Vap), every month she sells several dozen kilograms of this type. According to Mr. Thanh, the owner of a seafood shop on Nguyen Thi Thap Street (District 7), the price of Korean live abalone is also down 20% compared to the same period last year. The live type costs 1.6-1.7 million VND per kg (12 fish). Similarly, in Hanoi, Korean abalone is also sold quite actively with all types: live, frozen and dry goods, especially after the epidemic, the demand for health supplements has increased. The owner of a seafood shop in the district of Cay Giay boasted that abalone sales in the first three months of the year had increased by 20% over the same period. In previous years, Japan was the main import market of Korean abalone. Last year, Vietnam rose to the top 4 of ...

Source: VNExpress