The EVFTA Agreement takes effect from August 1, 2020, this is an advantageous factor for Vietnam's seafood export in the last months of 2020. Especially, the goods will enjoy a tax rate of 0% as soon as the agreement has effect such as frozen tiger shrimp, white leg shrimp, processed octopus squid.

Positive recovery momentum

In recent months, due to the influence of Covid-19 epidemic, Vietnam's seafood export activities have faced many challenges. In particular, epidemic diseases have complicated developments in major markets of Vietnam such as the US, EU, Japan, China ...
According to the Association of Seafood Exporters and Producers (VASEP), the strong outbreak of Covid-19 and complicated global developments has resulted in a decrease in seafood consumption, a change in consumption trends, and a drop in orders from 35% to 50%. Along with that, the social gap causes domestic production and international trade to stagnate, enterprises lack raw materials for processing, transportation and payment difficulties, leading to a lack of capital to maintain and restore operations.
Meanwhile, the restaurant and service sectors were also stalled, causing the seafood consumption of this segment to decrease significantly, leading to a reduction in seafood prices on the world market. The prices of key products are all reduced, causing the export turnover of the exporters to plummet.
However, the efforts of enterprises to overcome difficulties and restore production activities have brought positive results to this industry in recent months. According to statistics of the General Department of Customs, in July 2020, seafood export turnover of the whole country reached 796.3 million USD, up 0.8% over the same period in 2019. Thus, seafood exports monthly 7 continued its recovery after rising by 0.3% in June 2020.
Generally for 7 months, seafood export turnover reached US $ 4.4 billion, down 6% over the same period in 2019. In which, the US continues to be a potential market of Vietnam when exports to this market increase. 20.8% compared to July 2019, reaching $ 184.35 million. Seafood exports to the EU market during this period also showed signs of improvement with a decrease of only 2.3% compared to July 2019, while the decrease in previous months was over 18%. Seafood exports to the Japanese market still faced difficulties and exports to China fell again.
According to VASEP, the Covid-19 translation is still complicated in the world and continues to affect Vietnam's seafood export. But it is forecasted that seafood exports will gradually recover in the third and fourth quarter of 2020, the export turnover of the whole year may reach 8.26 to 8.3 billion USD, down 3.8% compared to 2019.

Local efforts

Binh Dinh is considered as one of the provinces with a booming fisheries sector, contributing a large amount to the fisheries sector of Vietnam. From the beginning of the year until now, the total output of fishing and aquaculture in Phu Cat district (Binh Dinh) has reached more than 30,100 tons, reaching nearly 70% of the plan and increasing 3,700 tons compared to the same period in 2019.
To achieve the target of a total output of 43,000 tons of fishing and aquaculture in 2020 from 43,000 tons or more, in the coming time, Phu Cat district continues to strengthen inspection, review, consolidation and establishment of new groups. , solidarity team at sea; promote the development of offshore fishing vessels to increase the efficiency and exploitation output; To encourage fishermen to base themselves on each fishing ground where aquatic resources appear, to arrange appropriate fishing in order to save costs, reduce fuel consumption and achieve high efficiency.
According to the Vice Chairman of Binh Dinh Provincial People's Committee Tran Chau, the local fisheries sector has experienced outstanding growth, always playing a key role in the local economy with an average increase of 6.3 seafood production value - 6.5% / year; exploitation increased 9.4% / year, farming increased by 7.6% / year.
The implementation of policies to support fisheries development helps fishermen have conditions to develop offshore fishing fleets to increase economic efficiency, contribute to protecting the sovereignty of sea and islands of the country. Currently, Binh Dinh has a fleet of more than 6,000 fishing boats operating in fishing activities. In which, more than 3,000 fishing boats with a length of 15m or more are operating in high seas. The output of exploited aquatic products reaches 200-230 thousand tons / year; only tuna production reached 10,000-13,000 tons / year.
In order to promote the value of the collective brand of Binh Dinh tuna, which was certified by the National Office of Intellectual Property in 2018, Binh Dinh has effectively implemented the chain of exploiting, purchasing, processing and consuming tuna of The Ministry of Agriculture and Rural Development and the Japan International Cooperation Agency (JICA) supported the model of exploitation technology application, helping fishermen improve product quality.

Mr. Chau said that the locality has more than 4,000 hectares of shrimp farming area. In which, more than 2,000ha of hi-tech shrimp farming area is invested by enterprises. People step by step apply science and technology to whiteleg shrimp, synthetic aquaculture, freshwater, salty and brackish water to bring about high economic efficiency. In the aquaculture sector, vannamei farming has the highest added value, accounting for 84.7% of the total aquaculture value and 11.3% of the total value added of the aquaculture sector. Quality cultured products have contributed to increasing the value of seafood processing and export. Up to now, the whole province has 5 enterprises processing and exporting seafood with a total turnover of about 400 million USD / year.
In particular, in fishing activities, Binh Dinh Provincial People's Committee assigned the Department of Agriculture and Rural Development to assume the prime responsibility for, and coordinate with the provincial police, the provincial border team, the coastal local authorities to seriously enforce the Fisheries Law, the regulations. combating illegal, unreported and unregulated fishing (IUU fishing); ensure the operation of the forces implementing the tasks of controlling fishing ships in and out of ports, product loading and unloading activities, and certifying and certifying the traceability of aquatic products. Strengthening the management of fishing vessel operations in the locality, in order to prevent and end the situation of Binh Dinh fishing vessels violating foreign waters, violating IUU fishing.
Particularly, the People's Committees of coastal districts, towns and cities, in addition to promoting the propaganda of the Fisheries Law, the IUU regulations should strengthen coordination with relevant agencies to request ship owners to be administratively sanctioned. abide by the penalty decision. If the shipowner does not comply, then organize the enforcement according to the regulations. In any locality where fishing vessels still violate foreign waters, their leaders are responsible to the Chairman of the Provincial People's Committee ...

Facing the positive recovery of the seafood industry, according to VASEP, there are still optimistic signs for exports as retail sales in the world market remain stable or increase for frozen, canned and chilled seafood. and smoked with a longer shelf life.
In particular, the EVFTA Agreement takes effect from August 1, 2020, this is an advantageous factor for Vietnam's seafood export in the last months of 2020. Especially the goods are entitled to a tax of 0% as soon as possible. The agreement takes effect such as frozen tiger shrimp, white shrimp, and processed octopus.