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Vietnam’s export potential of aquatic products to Russia has not been fully tapped

 Last Update: 2022-01-21
 Source: Internet
 Author: User

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In the first 11 months of 2021, Vietnam’s aquatic product exports to Russia reached nearly US$150 million, a year-on-year increase of 27%, according to Vietnam’s Commerce and Industry Daily on January 11 .
Under the preferential tariff of VN-EAEUFTA, Vietnamese aquatic products are becoming more and more competitive in the Russian market .
However, exports to Russia account for less than 2% of Vietnam’s total seafood exports .

VASEP Deputy Secretary-General Su Thi Chang Lan said that five years after the implementation of VN-EAEUFTA, Russia is the most interesting market for Vietnamese companies.
However, the number of companies that have obtained export qualifications to Russia is still limited, the registration process is complicated, and the audit time is long, etc.
problems, affecting the export business process
.
The prominent difficulty that Vietnamese enterprises are currently facing is the transportation cost, which has risen by 12-15%
.
On the other hand, the way of payment in US dollars has a greater impact on the export of enterprises due to the unstable exchange rate of the ruble against the US dollar
.

Aquatic products processing and export of aquatic products

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