WHAT DOES VIETNAM NEED TO DO TO REACH THE EXPECTATION OF A SEAFOOD EXPORT OF 10 BILLION USD?

VIETNAM FISHERY TARGET TOWARDS EXPORT TARGET OF 10 BILLION USD
IN 2023

The Government’s vision to 2023 for Vietnam’s seafood export industry is to reach a turnover of 10 billion USD. Although the current situation is not yet improving, according to the assessment report of the Vietnam Association of Seafood Exporters and Producers (VASEP), many difficulties and challenges are affecting the development of this industry.

EXPLOITING MORE POTENTIAL MARKET FOR THE FISHERY INDUSTRY

– The seafood industry needs to find new export markets, diversify export products, enhance competitiveness in the international market by researching and applying new technology, improving added value. for product.

– Japan is Vietnam’s largest seafood export market in January 2023, reaching 91.19 million USD. The proportion of exports to the Japanese market increased from 17.6% of the country’s total seafood export value in January 2022 to 19.9% ​​in January 2023.

– 2022 will witness impressive growth of seafood exports to Australia with an increase of 42.64% after 11 months compared to the same period in 2021, reaching a turnover of more than 331 million USD. Notably, Vietnamese shrimp products have affirmed their position in the Australian market.

– The ASEAN market area includes 10 member countries, including: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. This is a close market area with a lot of potential for Vietnamese goods, including seafood products.

Read more: ASEAN is “wide open” for Vietnamese seafood

In 2023, the seafood industry strives to achieve an export turnover of 10 billion USD

Besides, Vietnam also needs to strengthen the promotion of its seafood brand in the international market. Businesses need to look for opportunities to cooperate with domestic and foreign partners to expand their markets and introduce their products to international customers.

ENSURE THE QUALITY OF PRODUCTS

Ensuring product quality is the most important factor in achieving the export target of 10 billion USD. Promote solutions to develop production, improve product quality and enhance competitiveness in the international market.

Businesses need to invest in modern technologies to improve product quality and ensure the health of consumers. At the same time, it is necessary to strengthen quality control processes, ensuring products meet the quality standards of import markets.

Automatic date printer for seafood
Inspecting products before leaving the warehouse is essential

– To do that, businesses need to invest in equipment to serve the inspection and control of products such as: industrial inkjet printers to help the seafood industry’s product production units meet the standards. To produce safely, manage and trace each product, each box, each shipment to the consumer, as well as help users know the best shelf life information.

– More important are impurity testing devices: Metal detectors, X-Ray detectors help quickly and accurately detect impurities (metals, non-metals, bones, stones, gravel…) mixed in the product. aquatic products. Protect brands for businesses as well as protect consumers in the best way.

Read more: OPTIMAL SOLUTIONS TO IMPROVE THE VALUE OF FISHERY INDUSTRY PRODUCTS

ADDING MECHANISM AND POLICIES TO SUPPORT BUSINESSES

– Many experts and managers believe that to overcome difficulties and barriers, it is important that seafood businesses need to ensure financial health to maintain stable production and be ready for raw materials when the market consumes. Recovered receptors can meet the supply. Besides, businesses also need to be more proactive in taking advantage of free trade agreements, especially import and export taxes.

– Prime Minister Pham Minh Chinh also asked the Ministry of Industry and Trade to focus on supporting seafood businesses to develop brands, promote investment, expand markets, especially handling lawsuits and trade disputes.

– For the State Bank of Vietnam, administer policies for banks to lend, provide capital, reduce costs, and reduce loan interest rates to support export businesses; Directing credit to production and business, including the fisheries sector, is a priority.

– At the same time, build disease-free areas and facilities to implement a national program to monitor antibiotic residues in aquaculture.

Seafood processing line for export
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