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Home / Economy / Trade - Service
Australian enterprises pay fact-finding trip to Vietnamese shrimp sector
Cam Anh 10:49, 2018/02/26
A delegation of Australian enterprises would make a fact-finding trip to Vietnam to look into producing shrimp for export to Australia, according to the Veterinary Bureau of the Ministry of Agriculture and Rural Development (MARD).
Lasting from February 26 to March 2, the trip would help the delegation to discover Vietnamese seafood disease control as well as shrimp export regulations via visits to shrimp laboratories as well as producing and processing sites in Soc Trang, Bac Lieu, Kien Giang, Ca Mau.
Illustrative photo
Illustrative photo
Hence, the Bureau directed related units to prepare for the trip. Especially, Vietnam Association of Seafood Exporters and Producers (VASEP) would support the delegation in their inspections. Exporting firms also need to review their production lines, including facilities, equipment, and quality management system, among others, pressed the Bureau.
Australia has become a potential seafood market with an annual demand of about one million tons, only 30% of which is met by domestic providers, while the rest comes from foreign exporters. Main import lines include canned fish, fish filet, shrimp, octopus, and squid, said Vietnam Trade Office in Australia.  
Vietnam is currently the fourth-largest seafood supplier to Australia, following Thailand, New Zealand, and China, but accounts for only 11% of the market share. Notably, Vietnam remains the biggest shrimp exporter to Australia with more than 35% of the market share, according to the office.
Nonetheless, the office also warns that Vietnamese enterprises should comply with Australia’s strict requirements on food hygiene and biological safety to expand market share. 
Last year witnessed record high trade revenue for the Vietnamese seafood sector with US$8.3 billion, up nearly US$1 billion against 2016, said VASEP. Shrimp exports made up the largest portion of the total national seafood export value with US$3.8 billion, up 21%.
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