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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

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PROCUREMENT MANAGER (RETAIL FASHION) - AU CHAU FASHION & COSMETICS CO., LTD

Founded in 2009, Au Chau Fashion and Cosmetic Company (ACFC) - a division of Imex Pan Pacific (IPP) Group, is the seat of some of the world's premium and most admired fashion brands. ACFC is the leader in brand management and distribution company specializing in international brands in Vietnam, a driving force of retail and distribution networks and provides full-service retail management in the country. Some our brands are Nike, Tommy Hilfiger, Diesel, Tumi, Gap, Calvin Klein, Banana Republic, Mango....

PROCUREMENT MANAGER - ABBOTT

Abbott believes in the power of health. With better health, people and communities can live better and achieve more.
- We create new solutions - in diagnostics, medical devices, nutrition and branded generic pharmaceuticals - that help people around the world, in all stages of life, live their best lives through better health.

INTERNATIONAL SOURCING MANAGER - VIETNAM, THAILAND, MALAYSIA, INDONESIA, INDIA - NIMBUS 9

Our company is a rapidly growing company based in The US and Vietnam. We are evolving into an international sourcing business with a focus on Hygiene products. Our clients are mostly US focused and conglomerates.

AQUATIC EXPORTS SET TO REACH US$8.3 BILLION AMID SIGNS OF RECOVERY

2020-08-26 17:07:01

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AQUATIC EXPORTS SET TO REACH US$8.3 BILLION AMID SIGNS OF RECOVERY

 

 

According to figures released by the General Department of Customs, July witnessed the country’s seafood export turnover reach a figure of US$796.3 million, up 0.8% compared to the previous July. As a result, seafood exports in July continued to undergo a recovery after recording a 0.3% rise in June.

 

Over the course of the opening seven months of the year, aquatic export turnover reached a figure of US$4.4 billion, representing an annual drop of 6%.

 

Throughout the reviewed period, aquatic exports to the United States continued to enjoy positive growth with an increase of 20.8% on-year to US$184.35 million, bringing seafood exports during the seven-month period to US$838.44 million, up 4.5% from the corresponding period the previous year.

 

Furthermore, seafood exports to the EU market also witnessed an improvement, with a drop of a mere 2.3% from last July, while the decrease in previous months stood at over 18%. Elsewhere, aquatic exports to Japan are still facing several difficulties, whilst exports to China have fallen once again.

 

The VASEP believes that with the novel coronavirus pandemic yet to be brought under control globally, it will continue to affect Vietnamese seafood exports to foreign markets during the second quarter of the year. After enduring a decline of 16% in May to US$639 million, seafood exports in June suffered a further decline of 10% to US$626 million.

 

Despite these falls to various markets, the VASEP anticipates that seafood exports will gradually witness a recovery during the third and fourth quarters, with the entire year’s export turnover predicted to hit US$8.26 to US$8.3 billion, a drop of 3.8% from last year.

 

Moreover, there remains plenty of optimistic signs for exports as retail sales in the global market remain stable, with increased demand for frozen, canned, chilled, and smoked seafood with a longer shelf life.

 

At present, global seafood trade is stagnant due to interrupted shipping, although the trend of electronic transactions and online retail will partly offset plummeting market demand.

 

The VASEP also states that the EU-Vietnam Free Trade Agreement (EVFTA), which came into effect from 1 August, could serve as a "boost" for the nation's seafood exports during the remaining months of the year. This could particularly apply to items which are entitled to enjoy a tax rate of 0% as soon as the agreement comes into effect, such as tiger shrimp, frozen white shrimp, and processed octopus and squid.

 

"The EVFTA will serve as a catalyst for the fisheries sector to increase its competitive advantage over countries which have FTAs with the EU, such as Ecuador, India, and Thailand. According to many studies, after the trade deal enters into force, seafood exports to Europe may increase 20% compared to before as a result of the competitive advantage over other nations. For example, European partners will increase their buying of Vietnamese tuna which will enjoy a tax rate of 0%, instead of buying from other markets with higher tax rates," VASEP Secretary General Truong Dinh Hoe analyses.