Vietnam improves quality to increase seafood exports to China

The article explores the difficulties Vietnamese seafood exporters, such as Vinh Huan Joint Stock Company and Godaco Seafood, face in the Chinese market due to strict technical standards and complex export procedures. Despite overall growth in exports to the US and EU, Vinh Huan's exports to China have dropped significantly. The Vietnam Association of Aquatic Product Exporters and Producers (VASEP) notes a recovery in aquatic exports, but China's increasing demands for quality and traceability present major challenges. The article underscores the need for Vietnamese companies to comply with these standards, engage in better communication, and understand Chinese trade laws. Dr. Li Duy Binh suggests a bilateral protocol to improve market access and transparency. The Ministry of Industry and Trade is working to resolve customs clearance delays with Chinese authorities.

The market is becoming more and more "picky" As one of Vietnam's large-scale seafood export companies, Vinh Huan Joint Stock Company has a strong growth momentum in turnover. In August 2024, the company achieved revenue of 1.172 trillion VND, an increase of 31% over the same period last year. In the first eight months of 2024, Vinh Huan's cumulative revenue was 8.355 trillion VND, a year-on-year increase of 25.2%. However, the company's revenue situation has seen many opposite fluctuations. While exports to the United States and the European Union have grown steadily, the company's exports to China have fallen by 34% year-on-year, reaching only 105 billion VND in August. Another company is Godaco Seafood also faces many difficulties when exporting to China, because the procedures for exporting cha fish to China through border trade are still relatively complicated (mainly caused by China), resulting in slow customs clearance of goods, bringing a lot of costs to enterprises, ...