According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's total aquatic exports in the month reached 774 million USD, up 3% year-on-year. This increase was primarily driven by strong Chinese demand for premium fresh seafood products, including lobster, crab, clams, and snails, as consumers prepared for Lunar New Year celebrations.
Vietnam is among the top performers globally and regionally, with e-commerce growth ranking in the top 10 worldwide and the value of this market reached 20.5 billion USD in 2023, and is forecast to hit 45 billion USD by 2025.
Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.
Vietnam's durian exports to China witnessed a significant surge in the first quarter of 2024, according to statistics of trade via the Youyi Guan border gate cited by China's Xinhua News Agency.
Minister of Industry and Trade Nguyen Hong Dien discussed measures to promote economic and trade ties between Vietnam and China’s Yunnan province, while meeting with Secretary of the Yunnan Party Committee Wang Ning in Hanoi.
Boosting Vietnam’s exports to niche markets was key to minimising the impact of a looming global recession, said Vu Ba Phu, head of the Department of Trade Promotion under the Ministry of Industry and Trade.
Though the first batch of fresh durians officially exported to China received a warm welcome from local consumers, both sides need to outline measures to boost sustainable export of the fruit since it is currently selling for a lower price than those from Thailand and Malaysia.
Vietnamese agricultural products have won the taste of Chinese consumers in recent years due to their quality as well as improvement in businesses’ supply capacity, a trade promotion official has said.
Following the outbreak of the acute respiratory disease caused by a novel coronavirus (COVID-19) earlier this year, Chinese consumers may change their eating habits, and shift to intensively processed products, especially seafood, according to market watchers.
