Vietnam’s shrimp export to Canada sees sharp increase

Friday, 19/06/2020 17:12
Vietnam's shrimp exports to Canada in the first four months of this year recorded double-digit growth, a positive figure in the context of declining export turnover for many commodities due to the impact of the COVID-19 pandemic.

Shrimp export to US increases by 18.2% in Q1

Vietnamese shrimp exporters enjoy zero taxes to US

Shrimp processed for export (Photo: haiquanonline.com.vn)

In the first four months of this year, Vietnam's shrimp exports to Canada reached USD49.4 million, a year-on-year increase of 31.2%. Particularly in April, shrimp exports to this market increased by nearly 51% to over 13 million USD.

As of the first half of May, shrimp export to Canada gained USD54.7 million, presenting an increase of nearly 32% compared to the same period last year. Since the beginning of this year, shrimp exports to Canada saw reduction only in January, while exports in the remaining months grew by double digits.

Vietnam's shrimp exports to Canada grew continuously from 2016 to 2018, down slightly in 2019 and continued to recover positive growth in the first months of this year.

Canada is considered a potential market for Vietnamese shrimp as the Government of Canada is in need of diversifying markets to avoid dependence on imports from the US market and reduce imports from the Chinese market, and Vietnam is one of the countries with which Canadian businesses are interested in promoting import and export activities. Canada is an affordable market for high-value products and an important bridge for Vietnamese businesses to expand their markets to other American countries.

At present, Canada ranks 6th in importing Vietnamese shrimp, accounting for 5.7% of Vietnam’s shrimp exports.

Vietnam exports fresh litchi to selective market

Photo for illustration

The first ton of fresh litchi from the northern province of Bac Giang was exported to Japan by air, Tran Quang Tan, Director of the provincial Department of Industry and Trade, said on June 19th

According to Mr. Tan, the export was carried out after the product quality had been checked by Japanese experts. 

Statistics from the provincial Department of Agriculture and Rural Development show that 103 hectares of litchi production have been granted certificates of meeting the standard for export to Japan by Japanese partners.  

So far, nearly 5 tons of litchi have been processed in a foundation that has been recognized to be standard by the Ministry of Agriculture and Rural Development and the Japanese side. Apart from one ton exported to Japan on June 19th, the following 4 tons will be exported to Japan on June 20th, before 2 batches of exported litchi per week from next week. It is estimated that this year, some 200 tons of fresh litchi will be successfully exported to Japan, among the forecast productivity of 600 tons in areas cultivated exclusively for this selective market. 

Nguyen Quang Hieu, Head of the International Cooperation Board under the Plant Protection Department, said the litchi processing system designed by Vietnamese experts and engineers has been appreciated by Japanese experts, thus facilitating the export of litchi.  

Over the past days, litchi from Bac Giang province has been available at both domestic and foreign markets, at a price of VND40,000-45,000 per kilogram. 

Earlier, the province successfully held online meetings promoting litchi consumption at 62 domestic points and 4 international points.

Vietnamese businesses promote trade with Chinese province

Vietnamese businesses make efforts to bring agricultural products to the Chinese market. (Photo: baodautu.vn)

Twenty-one Vietnamese agricultural, food and beverage businesses have introduced to China’s Shandong province’s 39 importers a lot of high quality products during a recently held online conference, co-organised by the Vietnamese Ministry of Industry and Trade and the Shandong Promotion of International Trade (CCPIT).

Shandong is a major agricultural and industrial province of China. With a population of 107 million people, Shandong needs to import a variety of staple products such as agricultural products and foodstuffs.

The city’s demand and consumption of goods are reported to constantly increase over the past years, together with increasing demand in imported products’ quality, food safety and product brands.

According to Liu Xiao Jiang, Vice Chairman of CCPIT, the online conference connecting Vietnamese enterprises with Shandong enterprises is a quick and effective way to promote trade cooperation between the two sides. .

"In 2019, Shandong's agricultural product import and export turnover reached USD32.5 billion, including USD15.1 billion in import,” he said, adding that Shandong province’s fisheries consumption grew by 14.9%, while fresh and dried fruits grew by 40.7%. “This shows that there remains large and promising potential for exports of consumer products to Shandong.”

According to Le Hoang Tai, Deputy Head of the Trade Promotion Department, the online conference was among activities to help businesses from the two sides overcome difficulties caused by COVID-19, and resume trade and investment exchanges./.

Compiled by BTA

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