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In addition, various Free Trade Agreements have injected growth momentum into the entire industry
.
Ahead of the recovery wave, aquaculture companies have found different ways to set sail and strengthen their export activities
.
As the United States is Vietnam's largest export market for shrimp and fish, the recovery of the country's food service industry is expected to facilitate the growth of Vietnam's aquatic product exports
.
.
According to the Vietnam Association of Aquatic Products Processing and Export (VASEP), the export value of Vietnam’s shrimp products is expected to increase by 10% compared with 2021, reaching US$4.
3 billion in 2022
.
3 billion in 2022
.
Vietnamese companies have adjusted their production models to ensure that they are in line with the epidemic situation and to capture the increasing demand in the US market
.
.
VASEP representatives believe that in 2022, Vietnam’s shrimp exports to the United States will soar, as Vietnam’s move to adapt to the COVID-19 pandemic will help it gain market share in the US market
.
.
In addition, in November 2021, the United States raised the anti-dumping duty on Indian shrimp exports from 3% to 7.
15%, which will help improve the competitive advantage of other rivals, including Vietnam
.
15%, which will help improve the competitive advantage of other rivals, including Vietnam
.
In addition, the Vietnam-EU Free Trade Agreement (EVFTA) will help Vietnam gain a competitive advantage in the EU by 2022
.
.
India, Ecuador and Vietnam are the three countries that export the most shrimp to the EU
.
Compared to India, Vietnam benefits more from export taxes
.
According to the EVFTA, for shrimp exported from Vietnam to the EU, the tax rate on black tiger shrimp will be 0%, while the tax rate on frozen Penaeus vannamei will be gradually reduced to 0% by 2025
.
.
Compared to India, Vietnam benefits more from export taxes
.
According to the EVFTA, for shrimp exported from Vietnam to the EU, the tax rate on black tiger shrimp will be 0%, while the tax rate on frozen Penaeus vannamei will be gradually reduced to 0% by 2025
.
Vietnam is a well-known supplier of Pacific white shrimp and value-added products
.
It creates space for Vietnam to take market share in the EU market
.
.
It creates space for Vietnam to take market share in the EU market
.
In addition to shrimp product exports, VASEP also expects the export value of trachoma to reach US$1.
65 billion in 2022, an increase of 7% compared to the same period in 2021
.
65 billion in 2022, an increase of 7% compared to the same period in 2021
.
According to the General Administration of Fisheries of the Ministry of Agriculture and Rural Development of Vietnam, in 2021, the total export value of aquatic products will reach about 8.
89 billion US dollars, a year-on-year increase of 5.
7%, higher than the established plan of 4.
6%
.
(Finish)
89 billion US dollars, a year-on-year increase of 5.
7%, higher than the established plan of 4.
6%
.
(Finish)
