Pangasius exports to Canada see 10% over 10 months
VASEP statistics show the first half of October saw Vietnamese pangasius exports to Canada dropped 33% year on year to just US$1 million.
Notably, Canada mainly consumed frozen pangasius fillets from Vietnam, with nine-month value hitting more than US$26 million, representing an increase of 10% from a year earlier, and accounting for 86% of Vietnam’s overall export value of pangasius to this market.
Besides frozen pangasius fillets, the export of other dried and frozen fish products to Canada also recorded positive growth of 56% throughout the reviewed period with a value of US$4 million.
Although pangasius exports to Canada are supported by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), consumers in the market are becoming increasingly demanding in choosing products, including seafood items.
Apart from tariffs, Vietnamese products face hurdles in terms of regulations on food hygiene and safety standards, the labeling of goods, and environmental protection.
In order to gain further entry into the market, experts say Vietnamese enterprises are required to stay regularly updated on Canadian laws and carefully research this market, especially niche markets.
In addition, local firms need to thoroughly gain greater insights into the tastes and needs of consumers, particularly as Canadian consumers are willing to try new products if prices are highly competitive.
See also
Lao Cai – Hanoi - Hai Phong railway to foster Vietnam - China trade
09:17 | 27/12/2024 Trade
Vietnam’s exports to Singapore sustain growth
16:33 | 25/12/2024 Trade
Vietnam rakes in over US$1.2 billion from pepper exports by mid-December
09:19 | 25/12/2024 Trade
Vietnam-India bilateral trade likely to exceed US$15 billion this year
09:15 | 25/12/2024 Trade
Vietnamese rice export faces tough price competition
15:02 | 24/12/2024 Trade
Aquatic exports hit 10 billion USD
14:51 | 24/12/2024 Trade
See more news
2024 import-export highlights and contributions of industry and trade sector
11:44 | 24/12/2024 Trade
Kien Giang sets goals for industrial, export breakthroughs in 2025
09:07 | 24/12/2024 Trade
Vietnam's fruit, vegetable exports reach new milestone, topping 7 billion USD
15:13 | 23/12/2024 Trade
Vietnam-US trade thrives on effective mechanisms: trade counsellor
14:50 | 23/12/2024 Trade
Vietnam needs development of green products exported to UK
16:58 | 22/12/2024 Trade
Additional Vietnamese fruits given green-light to enter US and Australia
15:32 | 21/12/2024 Trade
Ha Giang Province promotes sales of local products through e-commerce
15:24 | 21/12/2024 Trade
Top three agro-forestry-fishery suppliers of Vietnam in 11 months
17:36 | 19/12/2024 Trade
Viet Nam's online export value to reach VND145.2 trillion by 2028
14:37 | 19/12/2024 Trade
E-commerce race heats up with new player entering arena
11:36 | 19/12/2024 Trade
Lao Cai – Hanoi - Hai Phong railway to foster Vietnam - China trade
09:17 | 27/12/2024 Trade
Ninh Binh promotes green tourism development
06:22 | 27/12/2024 Tourism
Agricultural, rural tourism provides opportunities for “take-off”
06:15 | 27/12/2024 Tourism
Air tickets from HCMC fully booked for Tet holiday
17:31 | 26/12/2024 Society
Cheap capital returns to banks
16:20 | 26/12/2024 Economy
Multimedia
Glorious tradition of the Vietnam People's Army
08:30 | 22/12/2024 Infographic
Total FDI registered in Vietnam hits 31.4 billion USD in January-November
09:02 | 17/12/2024 Infographic
First 11 months of 2024: Import-export turnover increases 15.4%
10:55 | 16/12/2024 Infographic
11-month agro-forestry-fishery exports exceed yearly target
19:55 | 15/12/2024 Infographic
Hanoi achieves or exceeds 23/24 socio-economic targets for 2024
08:57 | 13/12/2024 Infographic
Amended Electricity Law proves MoIT’s institutional improvement success
17:06 | 23/12/2024 Policy
Ministry proposes extending agricultural land tax exemption through 2030
15:06 | 23/12/2024 Policy
Gov't targets to gradually make English second language at schools by 2030
15:45 | 21/12/2024 Policy
Nine newly-adopted laws made public
16:42 | 20/12/2024 Policy
Industry sector asked to urgently restart Ninh Thuan nuclear power project
14:35 | 24/12/2024 Energy
Success story behind 500kV Circuit-3 transmission line project
16:43 | 23/12/2024 Energy
Ministry proposes incentives for renewable energy projects
16:17 | 20/12/2024 Energy
The Era of Advancement for Vietnam Industrial Park
17:15 | 19/12/2024 Industry
Vietnam increasingly attractive to foreign investors
14:17 | 24/12/2024 Investment
Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025
12:33 | 21/12/2024 Investment
Boeing aims to expand investment and cooperation in Vietnam’s defense sector
17:00 | 19/12/2024 Investment
Can Tho attracts non-state investment
10:21 | 17/12/2024 Investment
Banking sector: Capital flows with no congestion
15:35 | 25/12/2024 Finance-Banking
Cashless payment requires biometric data updating from January 1, 2025
10:30 | 24/12/2024 Finance-Banking
Year-end surge in property bond issuance amid financial challenges
09:39 | 20/12/2024 Finance-Banking
Vietcombank named most valuable brand in Vietnam
16:43 | 18/12/2024 Finance-Banking
Sowing millions of seeds to green Vietnam’s shared home
15:08 | 24/12/2024 Environment
Dong Thap revives red-crowned crane population
14:29 | 24/12/2024 Environment
Vietnam likely to face continued turbulent weather systems in 2025
14:26 | 19/12/2024 Environment
Nature-based projects help Mekong Delta fight climate change
16:31 | 18/12/2024 Environment
Innovative startup ecosystem witnesses strong development
09:21 | 25/12/2024 Science - Technology
Top 10 science and technology highlights in Vietnam in 2024 announced
15:10 | 24/12/2024 Science - Technology
Contracts worth 286.3 million USD inked at Vietnam Int’l Defence Expo 2024
17:02 | 22/12/2024 Science - Technology
Vietnam can partner with UK in developing nuclear power: Expert
12:43 | 21/12/2024 Science - Technology
Air tickets from HCMC fully booked for Tet holiday
17:31 | 26/12/2024 Society
Bac Ninh Province focuses on year-end market stabilization
16:21 | 25/12/2024 Society
Vietnam aims to reduce greenhouse gas emissions in agriculture production
08:57 | 25/12/2024 Society
Metro Line 1 serves 150,000 passengers on opening day
15:35 | 24/12/2024 Society
PV GAS sets many records, exceeds 2024 production, business plan
16:57 | 25/12/2024 Vietnamese Brands
“PV GAS - Green Energy Journey” marathon: Act for health, act for the environment
06:00 | 25/12/2024 Vietnamese Brands
PV GAS reviews maintenance and repair of gas facilities in 2024
15:27 | 24/12/2024 Vietnamese Brands
Vietnamese products make waves at Malaysia’s halal festival
15:06 | 24/12/2024 Vietnamese Brands
“City Tet Fest - Thu Duc 2025” New Year Festival to be held soon
16:33 | 25/12/2024 Culture
“Xen Dong” ceremony of Thai ethnic people recognised as national intangible cultural heritage
16:24 | 24/12/2024 Culture
Fireworks to light up sky over Hanoi on New Year celebration
15:13 | 23/12/2024 Culture
Vietnam’s high-end fashion targets Chinese market
10:04 | 22/12/2024 Culture
Ninh Binh promotes green tourism development
06:22 | 27/12/2024 Tourism
Agricultural, rural tourism provides opportunities for “take-off”
06:15 | 27/12/2024 Tourism
Son La rural tourism promoted
10:54 | 25/12/2024 Tourism
Vietnam aims to welcome 22-23 million international visitors in 2025
14:56 | 24/12/2024 Tourism