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103 seafood factories closed in Vietnam due to nationwide COVID-19 epidemic

August 5, 2021 — At least 103 seafood processing plants in southern Vietnam have been temporarily shuttered due to lockdowns imposed in response to the country’s largest-ever outbreak of COVID-19.

More than 178,000 residents having contracted the virus since 27 April, with most cases in the country’s south.

Read the full story at Seafood Source

COVID-19 accelerating negative trends for pangasius sector

May 28, 2020 — The coronavirus has delivered a large blow to Vietnam’s pangasius sector, which was already hurting before the pandemic.

Vietnam has not recorded any COVID-19 deaths through the crisis, and the entire country has only seen around 300 cases of the disease due to the extensive preventative measures it took beginning in January. But while most of social and economic activities in Vietnam have been brought back to a “new normal” since late April, disruptions in foreign markets, tangled supply chains, and suppressed demand have hurt its seafood export sector, upon which the country’s pangasius traders depend heavily.

Read the full story at Seafood Source

Shrimp problems in Vietnam portend possible global shortage

April 22, 2020 — Glimpsing beyond a current lack of demand from Vietnam’s major export markets, executives at the country’s top shrimp trading firms are expressing deepening concern about a possible global shortage of shrimp in the latter half of the year.

Once COVID-19 began to spread beyond its origins in China, one by one, Vietnam’s shrimp-trading partners have significantly throttled down their imports. Starting in late February and early March, many importers in Europe stopped receiving cargoes, and by mid-March, customers in North America, the rest of Asia, the Middle East, and South America also increasingly decided to cancel or postpone orders. Stockpiles rose as companies could not export as planned, according to numerous executives interviewed by SeafoodSource. As a result, Vietnam’s export value of shrimp declined nearly 15 percent year-on-year to USD 207.7 million (EUR 190 million) in March, according to Vietnam Association of Seafood Exporters and Producers (VASEP).

Read the full story at Seafood Source

Vietnam Seafood Enterprises Propose Financial Solutions During Pandemic

March 24, 2020 — Domestic seafood enterprises have proposed many financial solutions to help them overcome difficulties in production and business during the novel coronavirus (COVID-19) pandemic, according to the Vietnam Association of Fisheries (VASEP).

They have a large inventory of seafood products while customers have delayed payment for many of their export batches. Meanwhile, the export value has also decreased significantly. Those have had a great impact on payment for their loans in March, April and May, VASEP said.

Read the full story at Seafood News

New government rules threaten Vietnam’s tuna sector

March 7, 2019 — Tuna importers and exporters in Vietnam are complaining that their business operations have been severely impacted due to new requirements from the country’s Ministry of Agriculture and Rural Development, according to statements from Vietnam Association of Seafood Exporters and Producers (VASEP).

There are two circulars from the ministry that are now affecting both importers and exporters of tuna, VASEP said.

On 25 December, 2018, the ministry issued a revised circular, effective 10 February this year, which stated that consignments imported from ships at the oceans via transit ports in other countries must now submit a certification document or they will not be cleared. The document must include name of the ships, their registration numbers, their flag states, names and volumes of the catches, unloading time and location, and preservation conditions. The document, provided by authorities at the transit ports, must also certify that the catches are kept as at their original state and have not been under any processing phases.

VASEP, however, said most of the countries and territories through which VASEP members import their tuna refuse to provide such a document. Only Thailand and the Philippines had agreed to begin providing the certification, but even their documents do not contain all information required by Vietnamese authorities, VASEP said.

Read the full story at Seafood Source

Vietnam boosts tuna exports to US in October, thanks to trade war

December 7, 2018 — The tariff conflict between the United States and China has enabled Vietnam and other tuna exporters to increase shipments to the United States and this trend is expected to continue in the coming months, Vietnam Association of Seafood Exporters and Producers (VASEP) said in a statement last week.

In October, Vietnam exported tuna worth USD 26 million (EUR 22.9 million) to the United States, soaring 35 percent from the same month in 2017 and up 36.8 percent month-on-month. The rise in October was reached following continuous declines in the previous months. And it was made when U.S. importers suspended cargoes from China due to higher duties, said VASEP.

The value of tuna exports from Vietnam to the United States in the first 10 months stood at USD 183 million (EUR 161.2 million), down nearly 3 percent from the same period last year.

Read the full story at Seafood Source

“Whitefish wars” driving Vietnam’s pangasius away from EU, US

February 7, 2018 — The rapid growth of Vietnam’s pangasius shipments has met with several markets barriers in the European Union and United States, where the fish is being gradually pushed away.

With similarity in texture and taste to other whitefish such as cod, sole, haddock, and pollock, but with much lower prices, pangasius from the Southeast Asia nation has quickly become a competitive alternative in the U.S. and E.U., Nguyen Tien Thong, an assistant professor of applied economics and marketing research at the University of Southern Denmark, told SeafoodSource.

But Thong, also a research associate with analytics firm Syntesa, with a specialty in price formation and consumer preference for seafood, said pangasius’ growth in the U.S. and E.U. markets has been actively thwarted by market barriers erected by both the industry’s competitors and erroneous reporting by mass media.

Vietnam’s pangasius exports were worth USD 1.78 billion (EUR 1.43 billion) last year, up 4.3 percent from 2016. But the export value to the U.S. and E.U. fell 11 percent and 22.3 percent, respectively, recently released data from Vietnam Association of Seafood Producers and Exporters (VASEP) revealed.

Three “wars” against pangasius

European and Vietnamese seafood experts have collectively created a new term for the campaigns surrounding pangasius, calling them the ”whitefish wars.”

The most recent round of this war broke out in early 2017, when a television segment on Spain’s Cuatro channel claimed pangasius farming was polluting the Mekong Delta. Two weeks later, French retail giant Carrefour decided to suspend sales of Vietnamese pangasius in all its stores in Belgium, France, and Spain. Carrefour attributed its decision to “the doubts that persist about the adverse impacts that pangasius farms have on the environment.”

The Aquaculture Stewardship Council responded to Carrefour’s move with a statement insisting the facts did not support Carrefour’s pangasius decision, and VASEP said repeatedly that the Cuatro report provided distorted information. Seeking to help combat the growing ”PR crisis,” 20 of Vietnam’s leading pangasius exporters joined together to create a market development fund in June 2017. But the rebuttals appeared largely ineffective at halting the negative impact on pangasius sales.

However, Thong argues that the “whitefish war” began as early as 2000, and started in the United States. In that year, about 90 percent of the catfish imported by the U.S. was from Vietnam. Feeling threatened, U.S. catfish growers and wholesalers started a campaign to curtail imports of Vietnamese pangasius into the country.

For years, pangasius faced high anti-dumping duties imposed by the U.S government, and a push for increased inspections. After a protracted political debate, in August 2017, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) began inspecting all imported pangasius. Only a few months after the decision, only two of 14 Vietnamese pangasius exporters are still shipping pangasius to the U.S., according to VASEP.

In the E.U., backlash against pangasius started in late 2010, when the World Wildlife Fund placed the fish on the “red list,” effectively branding it a no-buy for environmentally conscientious consumers, Thong said. The attempt, which Thong termed as the second “war,” was made after the fish became a significant substitute fish to other whitefish raised in many European countries.

A few years later, WWF reversed course on pangasius, giving its backing to all Vietnamese-produced pangasius awarded Aquaculture Stewardship Council certification.

Further controversy was ignited in 2011 when Member of the European Parliament Struan Stevenson, senior vice president of the European Parliament’s Fisheries Committee, attacked the pangasius’ environmental, social, and safety credentials during an address to the European Parliament.

Read the full story at SeafoodSource

 

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