Online trade exchange to boost aquatic exports to EU market

 A virtual trade exchange will be held on April 25 - 26 to provide Vietnamese businesses with the latest information about market trends as well as opportunities to export aquatic products to the European Union, according to the Ministry of Industry and Trade.

Online trade exchange to boost aquatic exports to EU market ảnh 1

The online event is taking place as part of the National Program on Trade Promotion 2022, which is being jointly held by the Vietnam Trade Promotion Agency (Vietrade) in collaboration with various Vietnamese trade offices and embassies in some EU member countries.

The primary aim of the gathering is to assist localities, businesses, and cooperatives that supply local seafood products in seeking partners in the EU market.

Representatives of the Vietnamese Trade Office in EU member countries, importers, and distribution channels are anticipated to introduce the market demand for aquatic products. Meanwhile, Vietnam Association of Seafood Exporters and Producers (VASEP) leaders will provide information about business co-operation opportunities for Vietnamese exporters in the EU – a demanding but lucrative market.

For several years, the EU has represented one of Vietnam’s top five seafood export markets, while Vietnam makes up the second largest seafood supplier in Asia, just behind China. Indeed, the EU's seafood import demand is huge, with turnover reaching over US$50 billion annually.

The enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) in August 1, 2020 has created a wealth of opportunities for Vietnamese seafood businesses to increase their exports to the EU thanks to preferential tariffs set out within the trade pact.

Under the pact, 220 tax lines on aquatic products with a base tax rate of 0% to 22% are set to be slashed to 0% in the three and seven-year roadmaps, helping Vietnamese seafood products enhance their competitiveness compared to similar products imported from other countries.

Last year witnessed local seafood exports to the EU market reach over US$1 billion, an annual rise of 12%. The figure should have been higher if local seafood production activities were not negatively impacted by the COVID-19 pandemic in the third quarter of 2021.

The country’s five largest seafood export markets in the EU include the Netherlands, Germany, Belgium, Italy, and France, accounting for 72% of total export turnover.

Last year saw exports of shellfish to the EU enjoy a surge of 37% to US$87 million, mainly due to clam exports increasing by 42%, raking in US$78 million.

VOV

Other News

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.

Biofuel ready for nationwide rollout

Biofuel ready for nationwide rollout

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.

Vietnamese farm produce promoted at African investment, trade forum

Vietnamese farm produce promoted at African investment, trade forum

The 12th Africa Forum for Investment & Commerce (AFIC 12) opened in Algiers, the capital of Algeria, on May 9, drawing around 2,000 participants, including officials, economists, businesses, financial and development organizagtions from 43 African countries and international partners, including Vietnam.

Int'l medical, pharmaceutical expo opens in Hanoi

Int'l medical, pharmaceutical expo opens in Hanoi

The exhibition, which runs until May 9 at the Hanoi International Centre for Exhibition, showcases advanced products and technologies across a range of fields, including pharmaceuticals, drug manufacturing machinery and equipment, medical devices, hospital and clinic services and dental equipment.

Mega projects to transform Ho Chi Minh City urban landscape

Mega projects to transform Ho Chi Minh City urban landscape

Leading the charge in this massive building spree is the new central city square in the core of the Thu Thiem new urban area. Spanning more than 20 ha, it’s the crown jewel of the Central Square and new administrative center complex.

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

The country’s stable political and economic environment provides a critical foundation for long-term sourcing strategies. At the same time, Vietnam has demonstrated a strong ability to scale up manufacturing, supported by a continuously expanding industrial base capable of meeting both high-volume demand and increasingly complex technical and quality requirements.

Vietnamese pomelos gain broader access to Australian market

Vietnamese pomelos gain broader access to Australian market

The update by Australia’s Department of Agriculture, Fisheries and Forestry to its Biosecurity Import Conditions system (BICON) on April 10, officially setting out import conditions for Vietnamese pomelos, is regarded as a major milestone in market access efforts.

Vietnam's industry spearheads transition to circular economy

Vietnam's industry spearheads transition to circular economy

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Vietnamese fresh produce and processed foods are increasingly recognised for their quality, with items such as cashew nuts, coffee and spices gaining popularity among Middle East consumers. In 2025, Vietnam’s farm produce exports to the UAE exceeded 445 million USD, up nearly 24% year-on-year.