MEKSEA.COM – Vietnamese seafood exporters have 100 “golden days” to sprint for the export target of $9 billion in 2021. Businesses in Northern provinces take advantage of opportunities from the US and EU markets, while businesses in Southern provinces are rushing to recover production to serve Christmas purchases demands.

Northern seafood enterprises are expected to increase 30% of export turnover

In the first 3 quarters of 2021, Vietnam’s seafood exports reached nearly $6.2 billion, up 3% over the same period last year. Therefore, in order to achieve the export target set out for this year, each month’s export of products will reach more than 900 billion USD.

Currently, seafood factories and raw material areas in the Northern provinces are located in green areas (covid-19 free areas), productions are still maintained and are rushing to complete orders to export to the US and Europe before Christmas.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the EU is the largest importer of bivalve mollusk in Vietnam, accounting for 62% of the total export value of this item.

Clam processing factories boost production to export to the US and Europe before Christmas. (photo: Internet)

Thanks to the tariff incentives from the EU-Vietnam Free Trade Agreement (EVFTA), the export of Vietnamese bivalve mollusk products to this market has increased sharply. It is expected to increase sharply even more in the coming months, especially clam products such as frozen clams, canned clams meat.

Moreover, in the coming time, Vietnam will develop a purebred clam farming model with good growth ability and size to meet the preference for large-sized clam products of American enterprises.

Southern enterprises increase production capacity for Christmas orders

After easing social distancing regulations, seafood processing factories in the Mekong Delta have rushed to resume operations with a capacity of more than 70%, promptly delivering goods to domestic partners and supplying seafood to international markets for peak purchasing season 2021.

July-September is the peak season of shrimp processing businesses, but the covid-19 epidemic has made raw materials backlog, so far farmers have also reduced farming, supply chains have been disrupted, and factories have reduced their production capacity and even shut down. Currently, Vietnam shrimp industry facing a serious shortage of raw materials for production and it is very difficult to recover in a short time.

Vietnam shrimp industry facing a serious shortage of raw materials for production in the near future. (photo: Internet)

Therefore, to promptly meet the market’s consumption demand, local leaders encourage and mobilize farmers to raise shrimp from now on so that by the end of November and December, there are raw shrimp for export processing.

Last time, Vietnam’s seafood industry has been suffered a lot from Covid-19. Vietnam’s seafood export turnover in October will continue to decrease compared to the same period in 2020 but may be lower than August and September. This is considered a positive sign for Vietnam’s seafood industry recovery step by step after the covid-19 pandemic.

By Hayati (Business Team)

(hayati@mekseaconnection.com)

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