Opportunity to boost seafood exports to Japan

The sharply increasing demand for clean food, including seafood, in Japan is considered a good chance for Vietnamese businesses to increase exports to this market.

General Secretary of the Ca Mau Association of Seafood Processors and Exporters Ly Van Thuan said contrary to a forecast that seafood exports to the Japanese market will face difficulties due to earthquake and tsunami impacts, the number of orders to export seafood to Japan have skyrocketed in recent days, especially frozen shrimp and fillet tra fish products.

To ensure timely supply for the Japanese market businesses in Ca Mau are speeding up the processing of export seafood products, he added.

According to the Ministry of Agriculture and Rural Development, together with the EU and the US, Japan is a key consumer of Vietnamese seafood with an import value of US$898 million in 2010, up nearly 19 percent over the previous year.

Vietnam is also Japan’s leading frozen shrimp supplier, accounting for 21 percent of its market share.

In the first two months of this year, Vietnam’s seafood export turnover to Japan reached US$106 million, representing a year-on-year increase of 21 percent.

VOV, VNA

>   New plant heats up solar energy market (05/04/2011)

>   Nearly 87,000 new employees needed in 2nd quarter (05/04/2011)

>   Be careful when exporting leather-capped shoes to EU (05/04/2011)

>   Airfares may rise 22.7 percent: Official (05/04/2011)

>   Manufacturers cut lead times, inventories (04/04/2011)

>   Vietnam export prospects bright as Japan rebuilds (04/04/2011)

>   Inflation hits retail prices (04/04/2011)

>   Paper industry faces forex woes (04/04/2011)

>   Taxi firms to raise fares because of petrol price increase (04/04/2011)

>   State-subsidized food suppliers under pressures of rising costs (04/04/2011)