Vietnamese Seafood Products Welcomed at Global Seafood Expo

Vietnamese seafood enterprises are seeking opportunities at 2022 Global Seafood Expo
April 29, 2022 | 08:04

Vietnamese seafood enterprises are seeking business opportunities at the 2022 Global Seafood Expo in Barcelona, Spain, which is being held again ​​after three years of interruption due to the Covid-19 pandemic, reported Hanoi Times.

Vietnamese Seafoods Welcomed at Global Seafood Expo
The 2022 Global Seafood Expo is taking place in Barcelona, Spain. Photo:

Among the participating seafood enterprises, there are nine specializing on shrimp trading, seven on pangasius, four on tuna and three on clams as well as five on other seafood processing.

Some typcial names are An My Fish Joint Stock Company, Ben Tre Import Export Joint Stock Corporation and Camimex Group.

Three leading seafood enterprises in Vietnam have introduced clam products with the Marine Stewardship Council (MSC) certification, which is the world’s most credible and recognised standard for environmentally sustainable wild-caught seafood..

Vietnamese clam stall, including businesses from Ben Tre and Tien Giang provinces, welcomed nearly 100 importers and distributors in just the first two days of display.

Many purchase and sale agreements have been made at the exhibition booth, which is a good sign for Vietnamese clams after a long time facing many difficulties in exporting due to Covid-19.

Some European buyers shared that they have had to buy Vietnamese clam through another intermediary company for the past 20 years. "Luckily we got to know your companies today and were directly connected.”

Seafood Expo Global is the world's largest international seafood trade fair, and this year's event featured more than 2,000 exhibiting companies from 89 countries.

The event welcomed thousands of attendees, including hundreds of key buyers representing supermarkets, hypermarkets, restaurants, traders, importers, distributors, wholesalers, and representatives of the hospitality industry.

Vietnamese Seafoods Welcomed at Global Seafood Expo
The Vietnamese hard clams won the taste of consumers in Europe. Source: Oxfam in Vietnam

The entire clam farming area of Ben Tre province since 2009 has been certified by MSC, also the first fishery in Vietnam and Southeast Asia to achieve this certification. Clam farming area in Tien Giang province is also in the process of final completion assessment for MSC certification in 2022.

According to the Vietnam Association of Seafood Exporters and Producers (Vasep), Spain is still the leading country in Europe in terms of production, consumption and trade of frozen seafood. This is also the gateway which opens to many other markets in this area.

Vietnamese Seafoods Welcomed at Global Seafood Expo
Representative of Go Dang Seafood Joint Stock Company (GODACO) welcomed a delegation. Source: Oxfam in Vietnam

In the first quarter of 2022 (Q1), after more than three dismal years for pangasius exports to this market, the export value increased by 67.5%, reaching nearly US$ 4.9 million. Spain is the fourth largest export market of Vietnamese pangasius in the EU.

In Q1, there were about 20 Vietnamese pangasius enterprises exporting to Spain, the largest among them are C.P Vietnam JSC in Ben Tre, Navico and Vinh Hoan Corporation.

Since last month, Spain and the EU have imposed sanction measures on Russia over the Russia-Ukraine conflict, including banning white fish imports from Russia and prohibiting Russian ships from docking in EU ports.

As such, the EU's whitefish fishing industry is facing other difficulties including a surge in fuel oil prices and lack of shipping containers. Spain is the leading seafood trader of Europe and a wholesale market in this continent.

Through exchanges at the expo, Vietnamese businesses have realized the importance of implementing MSC certification - managing the fishing area well, not causing depletion, keeping ecological diversity, and protecting the environment. school.

MSC certification is also an affirmation for a fair, sustainable and responsible value chain, contributing to raising incomes and improving livelihoods for farmers in the chain, especially the poor.

MSC is valuable as a passport for Vietnamese seafood products to fastidious international markets such as Europe.

The MSC helps affirm to consumers that seafood has been grown according to good practice and that processed, distributed, and stocked seafood products can be clearly traced.

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade also coordinated with Trade Offices and Embassies of Vietnam in EU member states to host the Vietnam – EU Business Matching Webinar on Seafood Products 2022 on April 25 – 26, VNA reported.

According to Vietrade Deputy Director Le Hoang Tai, the EU has remained one of Vietnam’s largest seafood importers for years. Taking effect from 2020, the EU-Vietnam Free Trade Agreement (EVFTA) has provided Vietnam with even broader access to the EU market, with all the tariffs on aquatic products eliminated in seven years.

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