Vietnam pangasius exporters are too dependent on the Chinese market
Vietnamese pangasius is in high demand in China but this also represents a concern for the fish industry in this country. As China is becoming more demanding in terms of quality requirements and food safety any incident in this field it would have substantial consequences for the Vietnamese pangasius sector.
During the first half of 2018, Vietnamese pangasius exports have increased 21% year-on-year, to $1 billion, and China absorbed a quarter of them, reports Fish Information&Services portal.
The Association of Vietnamese Seafood Exporters and Producers (Vasep) recently warned its members to ensure that the panga exported to China is of the highest quality and meets all standards of food safety, to avoid potential problems in the future.
Vasep also urged the Ministries of Agriculture and Rural Development (MARD) and Industry and Commerce to reinforce control over the quality of the exported panga.
Dependence on one market can be dangerous as Vietnamese pangasius is facing already trade barriers in the US and EU markets. "The panga of Vietnam should be exported to the whole world and not depend on a single market", said one representative of Vasep.
Since July, China has reduced the import tariffs by 2% to 10% for 221 types of fishery products of WTO members, including Vietnam. This year, pangasius production in the Mekong Delta has increased by 9.9% to 643,600 tonnes and is expected to grow more rapidly due to the high demand in the Chinese market and the new tariffs applied for this type of product.
(Photo source: Vietnam Investment Review)
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