Vietnam’s seafood exports value to the CPTPP reached USD 1,12 billion in the first six months of the year, down 22% year-on-year. However, this is a potential market versus the US and China.

The anti-dumping duty will be valid for five years; expected to provide some relief to domestic industry

According to statistics of Vietnam Customs, by the end of June 2023, Vietnam's pangasius exports to China and the US reached 281 million USD, down 34% compared to the same period last year.

Trade experts believe India, which imports over $8 billion of the listed products, could be dragged to the WTO for the restriction.

The UAE imports around 250,000 tons of seafood/year, worth 750-800 million USD. The top 4 suppliers are India, Thailand, Norway, and Vietnam, with India holding a dominant market share of 20%-24%, primarily in frozen shrimp. Vietnam's share is 6%-9%, mainly in frozen pangasius fillets.

Vietnam has established itself as a bright spot in the global economy, an achievement that received substantial contributions from the agriculture sector.

The Ministry of Agriculture and Rural Development (MARD) has asked localities to take strong measures to fight against illegal, unreported, and unregulated (IUU) fishing and prepare for the visit by the European Commission’s inspection team in October to assess Vietnam’s progress in combating IUU fishing.

Local media have reported that some businesses are at risk of losing shipments of peppercorn, cinnamon, star anise, and cashew nuts to UAE due to trade fraud allegations.