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
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.