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Vietnam's catfish export industry may benefit from Russia-Ukraine conflict

 Last Update: 2022-04-17
 Source: Internet
 Author: User

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From SeafoodNews on March 11, Vietnam’s VDS Securities predicted that Vietnamese catfish exports to China and the European Union may benefit from the Russian-Ukrainian conflict .

With Russia under international sanctions, there are many uncertainties about the future of Russia's fishing industry
.
During the conflict, South Korean ports will become transshipment points for Russian seafood exports to China
.

China has implemented a dynamic reset policy for the epidemic, so it has reduced the purchase of Russian seafood.
In 2021, the export value of Russian seafood to China will be 5.
85 billion US dollars, accounting for 18% of the total
.

Due to the competitive price of Vietnamese catfish, Vietnamese catfish sliced products will be the best substitute for Russian fish fillets
.

List of companies listed by VDS or that will benefit, such as IDI International Development & Investment Corporation, Nam Viet Corporation and Vinh Hoan Corporation
.

Vietnam's VND Securities, in line with VDS, predicts that Vietnam's catfish export industry may indirectly benefit from the conflict
.
EU sanctions against Russia will include green cod products, which will undoubtedly boost Vietnamese catfish exports, taking this opportunity to expand market share and increase export earnings
.

　　The EU is the fourth largest export destination for Vietnamese catfish.
Vietnam plans to produce 1.
6-1.
7 million tons of catfish this year, with export earnings expected to reach US$1.
6 billion
.

catfish China EU exports

　　Due to the competitive price of Vietnamese catfish, Vietnamese catfish sliced products will be the best substitute for Russian fish fillets
.

　　List of companies listed by VDS or that will benefit, such as IDI International Development & Investment Corporation, Nam Viet Corporation and Vinh Hoan Corporation
.

　　The EU is the fourth largest export destination for Vietnamese catfish.
Vietnam plans to produce 1.
6-1.
7 million tons of catfish this year, with export earnings expected to reach US$1.
6 billion
.

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