Lobster, Canadian king crab is popular

Published Sep 20, 2020

Tridge summary

Despite the COVID-19 outbreak leading to closures of many seafood factories in Canada, the country has witnessed a 15% increase in seafood exports to Vietnam in the first half of 2020, reaching nearly CAD 60 million. Vietnamese consumers are particularly fond of Canadian products such as shrimp, lobster, and king crab. The Vietnam market is recognized as a significant and potential one for Canadian seafood, even amidst reduction in imports elsewhere. However, there are challenges such as high shipping costs, lengthy licensing processes, and a decrease in Canadian seafood prices. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP) has aided in reducing the tax rates on Canadian seafood products in Vietnam, resulting in more competitive pricing.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sharing with VnExpress, Mr. Christian Halle, a representative of the Canadian consulate, said Covid-19 caused the number of seafood exploitation in Canada to be affected, many factories closed. However, seafood export to Vietnam still increased quite strongly over the same period. Accordingly, the first 6 months of the year, Canadian seafood exports to Vietnam reached nearly 60 million Canadian dollars (CAD), up 15% over the same period in 2019. "Among the seafood products exported to Vietnam, shrimp Lobster, king crab, Canadian comedy are the most popular Vietnamese products ", said Mr. Christian Halle. The representative of the Canadian Consulate assessed that Vietnam is a quite potential market because while many places reduce imports because of translation, the Vietnamese market still grows well, even in the top 10 markets for marine imports. real Canadian. Currently, there are about 50-60 Vietnamese businesses directly importing Canadian products and the number of stores and ...

Source: VNExpress