September 03, 2019

EuroCham Attended the Conference: Opportunities and Challenges For Vietnam’s Shrimp Industry When Joining The EVFTA

On the 29th of August in the SECC, EuroCham and OXFAM, together with other partners, co-hosted a conference to discuss the opportunities and challenges emerging from the EU-Vietnam Free Trade Agreement (“EVFTA”) for Vietnam’s shrimp industry. The EVFTA, as one of the most comprehensive agreements, can be seen as an expressway to connect Vietnam with one of the world’s top economic and technological centers so that the country can boost exports and modernise its agriculture industry.

According to Ms. Trinh Thi Thu Hien – Head of Import-Export Department, Ministry of Industry and Trade – in comparison with some competitors, Vietnam has more advantages in shrimp exports to the EU. However, the greatest challenge is that most local producers are only able to run small shrimp farms, whereas the European Union’s demand for shrimp exports require stringent hygiene standards and traceability certificates, creating high costs for these producers. To meet these standards, Mr. Luc from Sao Ta Food JSC remarked “Breeding farms must have sufficient financial resources to meet the required investment, and their farming scale must be quite large to share the additional costs”.
 

(Ms. Trinh Thi Thu Hien – Head of Import-Export Department, Ministry of Industry and Trade)
 
On behalf of EuroCham, Vice-Chairman Jean-Jacques Bouflet joined the panel discussion. He affirmed that EuroCham currently has over 1000 members, many of whom are representatives of EU shrimp buyers. He expected that the EVFTA would be ratified early next year or by mid-2020 at the latest. He also stated that after the EVFTA comes into effect, Most Favoured Nation (“MFN”) tariffs will automatically replace the Generalised System of Preferences (“GSP”) rates which the EU has applied for developing countries. This is such a precious opportunity for shrimp farmers, but there is also a big challenge regarding stringent requirements from the EU such as food safety and hygiene, standards on labour and working environment and the goods origin. To tackle these challenges, there is no way better than improving aquaculture product quality to match with technical standards. Although the process of improvement is not easy, the favourable outcomes will be worth the investment.
Regarding advanced technology, farmers should also take note of the sustainability and environmental protection. At EuroCham, our Sector Committee on Food, Agri and Aqua Business also works on smart agriculture and traceability solutions, conducting laboratory tests and certifying products.

(Mr. Jean-Jacques Bouflet – Vice-Chairman of EuroCham – joined panel discussion)
 
From the view of an international buyer, Mr. Vincent Gothknecht – Chief Representative at I. Schroeder KG – also stated that the waiting time until the EVFTA is ratified is necessary for Vietnam to enhance product quality and gain certificates of origin. He also stated that European buyers have been skeptical about Vietnamese goods due to incorrect reports. Therefore, Vietnam needs to re-gain the trust of international customers and demonstrate its commitment to trade high-quality products.
The only way to grant Vietnam an entry ticket to penetrate the European retail market is the certificate of origin. If products come from Vietnam without a certificate, European traders cannot purchase them. We are also actively working with VASEP and EuroCham to get updated information as well as make field trips to local areas to better understand the Vietnamese market and help facilitate trading.

Tin tức khác

Xem tất cả

September 22, 2023

EuroCham Vietnam attended National Assembly’s Vietnam Socio-Economic Forum 2023: Reinforcing Internal Capacity for Sustainable Growth

Đọc thêm

September 22, 2023

EuroCham Medical Devices and Diagnostics Sector Committee (MDDSC) joined ASEAN Common Submission Dossier Template Workshop

Đọc thêm

September 22, 2023

EuroCham’s collaborative meetings with the EU Ambassador-Designate Julien Guerrier

Đọc thêm

September 22, 2023

EuroCham Vietnam extended a warm welcome to French Ambassador to Vietnam H.E .Olivier Brochet

Đọc thêm

September 22, 2023

EuroCham Vietnam joined a launch of the “Circular Economy & Pioneering Models” book

Đọc thêm

September 21, 2023

EuroCham Vietnam hosts an exclusive evening to welcome EU Ambassador-Designate to Vietnam

Đọc thêm

September 15, 2023

EuroCham engages in a productive dialogue with the Administrative Procedures Control Agency and Reform (ACAPR)

Đọc thêm

September 15, 2023

A resounding success: Vietnam International Sourcing Expo 2023 and the EU-VN Trade Forum

Đọc thêm

September 15, 2023

[Event recap] EuroCham Women in Business Sector Committee hosted successful Roundtable on Gender Pay gap with Fulbright Professor Graeme Walker

Đọc thêm

September 15, 2023

[Sector Committee spotlight] Food, Agri and Aqua Business Sector Committee (FAABS)

Đọc thêm

September 14, 2023

Ho Chi Minh City Economic Forum 2023 and the 100 CEOs -Tea Connect spotlight green growth and net zero initiatives

Đọc thêm

September 12, 2023

EuroCham Vietnam engages in key talks with Luxembourg delegation to bolster EU-Vietnam economic relations

Đọc thêm

September 08, 2023

EuroCham participates in an inaugural meeting of Government Taskforce on Administrative Reforms (APR)

Đọc thêm

September 08, 2023

[CORPORATE] First Bayer ForwardFarm of Southeast Asia launched in Vietnam

Đọc thêm

September 08, 2023

EuroCham contributes to a critical discussion on attracting foreign investment in high-technology and promoting technology transfer

Đọc thêm

September 07, 2023

EuroCham Food, Agri, and Aqua Business Sector Committee (FAABS) explores sustainable aquaculture solutions at Skretting Factory in Long An

Đọc thêm

August 31, 2023

EuroCham delegation visits Bac Giang to discuss EU-Vietnam business trends

Đọc thêm

August 25, 2023

EuroCham Green Growth Sector Committee spotlights blue-green infrastructure solutions

Đọc thêm

August 25, 2023

EuroCham Vietnam engages authorities and state-owned enterprises to drive green growth and spotlight GEF 2023

Đọc thêm

August 25, 2023

[SUPPORTED EVENT] Nestlé Vietnam – Innovation and sustainability bring competitive advantages in business

Đọc thêm

August 25, 2023

[Sector Committee spotlight] Legal Sector Committee (LSC)

Đọc thêm

August 24, 2023

EuroCham’s Tourism and Hospitality Sector Committee visits Binh Thuan to explore tourism promotion collaboration

Đọc thêm

August 24, 2023

[Event recap][Business Luncheon] Mid-year review and Forecast for the second half of the year On the Vietnamese Economy

Đọc thêm

August 24, 2023

[Event recap][Business Luncheon] Financial Trends 2023: Winning Financial Consumers During Uncertain Times

Đọc thêm

August 23, 2023

EuroCham delegation in Ben Tre province to discuss green growth opportunities

Đọc thêm

August 18, 2023

EuroCham meets with National Assembly to discuss stronger ties and cooperation

Đọc thêm

August 18, 2023

EuroCham weighs in on offshore wind at PDP8 implementation seminar

Đọc thêm

August 18, 2023

EuroCham meets with Hoa Binh Province to explore collaboration opportunities

Đọc thêm

August 18, 2023

MOIT and EuroCham map out key events to support EU-Vietnam trade

Đọc thêm

August 18, 2023

EuroCham recommends improvements to work permit and visa procedures in letter to Prime Minister on revising Decree 152

Đọc thêm

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Đối tác Bạch kim

Đối tác cao cấp vàng

Đối tác vàng

Đối tác Bạc

Đối tác dịch vụ cao cấp