The Office of the Ministry of Agriculture and Rural Development announced that on June 24, leaders of the Ministry of Agriculture and Rural Development asked the Ministry of Industry and Trade and the Ministry of Labor, Invalids, and Social Affairs to provide support for six months for thousands of fishermen. Due to a sharp increase in petroleum, around 55 percent of fishing boats are staying ashore.
The Regional Comprehensive Economic Partnership (RCEP), with its market of 2.2 billion people in 15 nations, has been forming the largest free trade area in the world. Vietnam is deliberately promoting goods export, especially seafood, to this lucrative market as its next strategic economic step.
After nearly three decades of effort in normalizing relations, Vietnam and US are currently seeing great improvements in trade relations, especially after the recent visit to the US of Vietnam’s Prime Minister Pham Minh Chinh.
The current conflict between Russia and Ukraine has caused the price of gasoline and transportation to spiral, and export payments are being affected much more after Russia has been removed from the Swift International payments system.
China and USA are currently the two largest export markets for Vietnamese goods. However, some analysis points to worrying factors in these two markets, and questions remain whether these two vital export markets will continue to maintain their present position for Vietnamese export goods or not.
Director of the Department of Industry and Trade Vo Van Chieu in the Mekong Delta Province of Soc Trang today said that in 2021, Soc Trang has achieved US$1.28 billion seafood export turnover.
The prolonged phase of strict social distancing during the fourth wave of the Covid-19 pandemic left several key export businesses, such as textiles, footwear, and seafood, to face serious difficulties.
The Vietnam Association of Seafood Exporters and Producers (VASEP) and the World Bank (WB) in Vietnam on August 10 released “A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing: The Case of Vietnam”.
The Ministry of Agriculture and Rural Development (MARD), on June 10, held an online conference on solutions to improve the efficiency of fishing, processing, and consuming aquatic products in 2021.
