Vietnam’s aquatic product exports are expected to achieve good growth in 2021
By: Date: 2021-02-28 Categories: Internationalfood Tags: ,
   (People’s Daily) The Vietnam Fisheries Processing and Export Association stated that in the first half of 2020, due to the suspension of trade between importing countries in response to the new crown pneumonia epidemic, export orders fell or delivery difficulties were encountered.

   However, in the second half of 2020, aquatic product exports will see improvement. With the unremitting efforts of export companies, Vietnam’s aquaculture industry is expected to achieve a good level of growth in 2021.
  According to the statistics of the Vietnam Fisheries Processing and Export Association, the output of aquatic products in 2020 will increase slightly year-on-year, and the total value of aquatic product exports will reach 8.4 billion U.S. dollars.
   The new crown pneumonia epidemic will continue to occur in 2020, which has interrupted the global trade of aquatic products and changed the trend of aquatic product sales. From the beginning of 2021, the epidemic has spread faster than in 2020, and the spread is wider. This makes food processing companies and consumers worry about food production and the choice of food safety to ensure anti-epidemic safety. However, Chinese epidemiological research experts have proved that the aquatic products sold to consumers are still safe.
   The Vietnam Fisheries Processing and Export Association pointed out that in early 2021, aquatic product export companies have increased their export efforts. In January 2021, the export value of aquatic products reached approximately US$600 million, a year-on-year increase of 19.6%. Among them, the export of shrimp products has continued to maintain a growth trend, and will play an important role in the export of Vietnamese aquatic products in 2021. According to forecasts, shrimp exports are expected to reach US$4.4 billion in 2021, a year-on-year increase of 15%.
   In 2020, shrimp exports reached US$3.7 billion, an increase of 11%year-on-year. There are a total of 508 shrimp export companies across the country, exporting to 135 markets in the world, the largest of which include the United States, the European Union, the United Kingdom and South Korea.
   In addition, the U.S. Customs and Border Protection issued a decision in 2021 that there is no evidence to conclude that Ming Fu Company evaded the anti-dumping duties imposed by the United States on Indian shrimp. On this basis, the U.S. Customs and Border Protection will review and adjust the decision issued on October 13, 2020, aimed at abolishing the anti-dumping duties imposed on Ming Fu’s shrimp exports.
   The representative of Mingfu Company stated that the latest decision of the US Customs and Border Protection allows the company to export frozen shrimp to the US market without paying any anti-dumping duties.
   In response to this good news, the reputation of the Vietnamese shrimp industry in the world market has been improved, which will promote the growth of Vietnamese aquatic product exports in 2021. (End)