Vietnam currently heads the list of shrimp exporters to the Canadian market, accounting for 29% of Canada’s total shrimp import value in the first nine months of this year.
Canada is the sixth largest importer of Vietnamese shrimp, accounting for 4.3% of Vietnam's total shrimp exports to foreign markets in the first nine months of this year.
According to
the Vietnam Association of Seafood Exporters and Producers (VASEP), Canada
ranks 13th among the world's leading shrimp importers and the country has
posted increasing demand for imports of warm water shrimp from Asian countries
such as Vietnam and India.
Canada imports over 53,000 tonnes of shrimp
each year. The top five leading shrimp suppliers for Canada include Vietnam,
India, China, Thailand and Indonesia respectively.
While Canada reduced imports of shrimps from
Thailand (down 33.5%) in the first three quarters of this year, the country
increased the imports from Vietnam and India, up 5% and 9.4% respectively
compared to the same period last year.
Vietnam and India are close rivals regarding
export to the Canadian market and both Asian countries are entitled to enjoy 0%
import tax on frozen shrimp coded HS 030617.
Canada is the sixth largest importer of
Vietnamese shrimp, accounting for 4.3% of Vietnam's total shrimp exports to
foreign markets in the first nine months of this year. Vietnam's shrimp exports
to Canada have seen continuous positive growth rates since 2016.
Source: NDO
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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