Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Currently, seafood exports to Russia account for a very low market share, not commensurate with the export potential of Vietnam.

Seafood exports to Russia are not stable

Click on the flag for more information about Viet Nam VIET NAM
Wednesday, June 12, 2019, 14:00 (GMT + 9)

From 2008 - 2018, Vietnam seafood exports to Russia increased from 28 million USD in 2008 to 47.4 million USD in 2018. The export value of Vietnamese seafood to Russia in this period was not stable.

Vietnamese seafood products exported to Russia include tuna, crab, swimming crab, frozen cephalopod, surimi and some other frozen marine fish (sturgeon, flounder, herring and frozen and chilled sardines), fish in the form of whole fish/fillet, mollusks in the form of live, fresh, chilled, frozen ...

Processing plant of Panga fillet (Photo: courtesy VietNam News)

Vietnam Free Trade Agreement - Eurasian Economic Union was signed on May 29 2015, and took effect from October 5, 2016. This is the first FTA of EAEU. In the EAEU, Vietnam mainly exports seafood to Russia while exports to other countries are not significant.

According to the commitment of EAEU to seafood imports from Vietnam, the rate of tax reduction is 100%, of which 95% of the tax rate is completely eliminated with a 10-year roadmap. 75% of the tax rate is eliminated immediately after the Agreement comes into effect.

             

According to EAEU's commitment to Vietnam's seafood products exported to this region, the products of tuna HS code 030487 get tax reduction from 10% to 0% immediately after the Agreement comes into effect, crab products ( HS 030614) reduced from 10% to 0%, surimi (HS 030499) decreased from 10% to 0%, processed cephalopod products (HS 160552, 160553, 160554, 160555, 160556) decreased from 15% to 0%, cephalopod products (HS 0307) decline according to the roadmap and down to about 1.7% in 2019. Seafood exports to the Russian market is still growing after this FTA takes effect. However, Vietnamese enterprises still expect a more stable market.

Russian fishing is declining while consumption demand tends to increase, especially for whole/fillets marine fish, fish processed into surimi. Therefore, this is also an opportunity for seafood export of Vietnam.

Seafood exports to Russia in the first 3 months of 2019 showed positive signs with a turnover of USD 14.9 million, up 19% compared to the same period in 2018.

Source: Ms Van HaVASEP

[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
Aug 16, 23:40 (GMT + 9):
The Innovation Award Finalists: Benchmark Animal Health
Argentina
Aug 16, 23:20 (GMT + 9):
Shrimp fishing closed in a subzone
Mexico
Aug 16, 23:00 (GMT + 9):
Deadlines and closed areas for shrimp fishing extended in the Gulf of Mexico and Caribbean Sea
Ecuador
Aug 16, 22:10 (GMT + 9):
Govt presents fisheries bill to modernize legislation in force since 1974
European Union
Aug 16, 19:00 (GMT + 9):
EN BREVE - Enabling precision aquaculture with real time data and forecasting
Canada
Aug 16, 19:00 (GMT + 9):
IN BRIEF - Fishing industry given say in federal research on Atlantic seals, fish
Canada
Aug 16, 19:00 (GMT + 9):
IN BRIEF - The demand for luxury shellfish is polluting the ocean with plastic
Norway
Aug 16, 19:00 (GMT + 9):
IN BRIEF - Crowding mackerel can affect the fillets
Denmark
Aug 16, 19:00 (GMT + 9):
OxyGuard, partnered with BioMar and Aller Aqua introduces the first sector-wide digitalisation software for aquaculture
Greenland
Aug 16, 16:20 (GMT + 9):
Trump's idea of ​​buying Greenland could change the fishing map of Europe
United States
Aug 16, 01:40 (GMT + 9):
Columbia seafood processor admits selling falsely labelled foreign crabmeat
Spain
Aug 16, 01:00 (GMT + 9):
Devaluation of the Argentine currency benefits Galician fishing companies
Spain
Aug 16, 00:10 (GMT + 9):
Mussel sector receives more than 80% of Galicia's aid for sustainable aquaculture
United States
Aug 16, 00:00 (GMT + 9):
Five aquaculture pilot projects awarded USD 575,000
India
Aug 15, 23:30 (GMT + 9):
Fish meal industry continues indefinite strike for GST exemption



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Warming oceans are increasing levels of methylmercury in popular fish
United States As water temperatures increase, so does risk of exposure to toxic methylmercury. Add another item to the ever-growing list of the dangerous impacts of global climate change: Warming oceans are lead...
C4ADS: Report on IUU Fishing
United States The value generated from illegal, unreported, and unregulated (IUU) fishing is estimated to be between USD 10 billion and USD 36.4 billion annually, making it the third most lucrative natural resource...
Industrialists warn of layoffs after deputies reject to postpone giant squid law
Chile By a forceful majority of 118 votes, the Chamber of Deputies rejected the bill  that would delay the entry into force of Jibia (giant squid) Law  by two years, so it now should begin to take...
Unmanned Aerial Vehicle (UAV) is the new proposal solution to combat IUU
Germany IUU fishing is a massive and often organized crime business that generates up to USD 26 billion p.a. wordwide. Accordingly diverse are the illegal methods and the applied tricks for their concealment....
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER