Vietnam to face competition from India in aquaculture exports
Vietnam’s aquaculture exports will face stronger competition from India in the traditional market of Japan, because India is striving to triple the domestic aquatic product output in the near future.
Hanoi (VNA) – Vietnam’s aquacultureexports will face stronger competition from India in the traditional market of Japan,because India is striving to triple the domestic aquatic product output in thenear future.
The Indian Government has approved plans tosupport the building of shrimp breeding facilities and improve unused waterresources for aquaculture.
India also moves to develop tiger prawn farmingin western Bengal, Kerela and Karnataka to boost the export of shrimp to Japan,especially on the occasion of the Olympics Tokyo 2020.
Vietnam earned 1.8 billion USD from exportingseafood in the first quarter of 2019, a year-on-year rise of 0.5 percent,according to the Department of Farm Produce Processing and Market Developmentunder the Ministry of Agriculture and Rural Development.
Japan, the US, China and the Republic of Koreawere the main leading importers of Vietnamese aquatic products in the first twomonths of this year, making up 52.8 percent of the total export turnover fromthis product.
Strong growth was seen in Mexico (up 35.6percent), the Philippines (up 25 percent), Malaysia (up 21.6 percent), the UK(16.6 percent), and Canada (up 13.7 percent).
The country also imported 416 million USD worthof aquatic products in the first three months of this year, up 2 percent on ayearly basis.-VNA
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Processing shrimp for exports (Photo: VNA) 
