Enterprises seek for official export lobster Channel to China

VCN - Currently, lobster consumption is mainly exported to the Chinese market through unofficial channels which requires Vietnamese businesses to look for official export channels.
Vietnam is the largest trading partner of China within ASEAN Vietnam is the largest trading partner of China within ASEAN
International intermodal train service to transport goods from Song Than Station to China launched International intermodal train service to transport goods from Song Than Station to China launched
Vietnam Customs coordinates with Hong Kong Customs (China) for anti-smuggling Vietnam Customs coordinates with Hong Kong Customs (China) for anti-smuggling
Lobsters are exported to China largely via  unofficial channels
Lobsters are exported to China largely via unofficial channels

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in 2022, Vietnamese lobster exports to China reached over 257 million USD, an increase of 8.3 times compared to 2021. This plummet is thanks to rising Chinese consumer demand after the lockdown policy of China due to the COVID-19 pandemic.

According to Ms. Kim Thu, a shrimp market expert at (VASEP), in 2021, the Chinese lobster market was almost "frozen" because of the COVID-19 epidemic. Therefore, supply was in shortage which pushed more import demands in this market to satisfy domestic consumption and export processing.

Notably, on April 27, 2022, Thanh Nhon Seafood and General Trading Company Limited (Ho Chi Minh City) signed a contract of 2,000 tons to officially export live lobster products to Kunming City in quantity until April 2023. This is the largest official lobster export contract ever for a domestic enterprise.

According to data from China Customs, in the first 7 months of 2023, China's lobster imports reached 32,358 tons, worth over 962 million USD, an increase of 19% in volume and 1% in value compared to the same period last year.

While the largest lobster suppliers to China include Canada, the US, New Zealand, Cuba, India, Brazil, Mexico... Vietnam ranks 14th, accounting for a small market share of 1%. Vietnamese lobster products exported to China include rock lobsters, cotton lobsters, and fresh, live green lobsters.

Currently, lobster is mainly exported to the Chinese market through unofficial channels which bear a lot of risks such as drastic price fluctuation, and being pressured by traders... Meanwhile, informal exports are becoming increasingly narrow as this country is gradually applying strict conditions on the import of foreign agricultural, forestry, and aquatic products.

To facilitate lobster exports in the coming time, officially exporting lobster is of urgent need. To do so, it is urgent to create links in the production, purchasing, and export of lobsters associated with traceability.

To successfully build linked models, the fisheries industry will focus on supporting relevant parties participating in the chain to access support policies; guide the transfer of scientific and technological advances in aquaculture; Implement the planning of concentrated aquaculture areas to develop raw material areas; Create favorable conditions for purchasing and exporting units to connect with lobster farmers.

To officially export lobster to the Chinese market, businesses must be granted an export enterprise code to the Chinese market by the Department of Quality, Processing, and Market Development - Ministry of Agriculture and Rural Development and be issued a quarantine certificate issued by branches of the Department of Quality, Processing, and Market Development.

Farmers need to focus on taking care of and closely monitoring market developments, stocking at moderate density and in accordance with planning, and fully registering and declaring with state management agencies.

Previously, the Ministry of Agriculture and Rural Development had developed a lobster farming project and export by 2025, with total farming output reaching 3,000 tons and export turnover reaching 200 million USD a year. The largest lobster-producing provinces in the country are Phu Yen, Khanh Hoa, and Kien Giang.

Le Thu/ Thu Phuong

Related News

Increasing orders, exports continue to thrive in the first five months of the year

Increasing orders, exports continue to thrive in the first five months of the year

VCN - Export turnover to most major markets and trade partners has seen a strong recovery and high growth rates in the past five months, reaching double digits.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/5/2024) of May-2024, Vietnam’s total exports of US dollars 14.64 billion and imports of US dollars 17.26 billion resulted in a trade deficit of US dollars 2.63 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of May was US dollars 31.9 billion, went up by 7.7% as compared to the second half of April-2024.
Hundreds of tons of imported raw cashew nuts stuck in quarantine

Hundreds of tons of imported raw cashew nuts stuck in quarantine

VCN – A company is facing problems with plant quarantine regulations when carrying out procedures to import over 384 tons of "raw cashew nuts, originating from Tanzania" from a bonded warehouse in Dong Nai.
List of imported and exported medicine and medicinal ingredients identified commodity codes

List of imported and exported medicine and medicinal ingredients identified commodity codes

VCN – 14 lists of imported and exported medicine and medicinal ingredients for human use and cosmetics that have been identified commodity codes under Vietnam’s Imports and Exports Nomenclature, have been approved and issued by the Ministry of Health from July 26, 2024.

Latest News

Vietnam, Cambodia look forward to 20 billion USD trade

Vietnam, Cambodia look forward to 20 billion USD trade

Trade has been a bright spot in the Vietnam-Cambodia relationship, experiencing impressive growth over the past more than a decade and expected to reach 20 billion USD.
Enterprises proactively raw material source, tuna exports will reach US$1 billion

Enterprises proactively raw material source, tuna exports will reach US$1 billion

VCN - Vietnam has become the 5th largest tuna exporter on the world tuna export ranking, businesses expect that tuna exports will recover and hit the US$1 billion in 2024.
Build product value chain to dominate the Halal market

Build product value chain to dominate the Halal market

VCN - Compared to other countries in the region, Vietnam has many favorable conditions to develop the Halal industry (standard products and services for Muslims); especially the Vietnamese Government is also very interested in opening up and support Vietnamese businesses to effectively participate in the global Halal market.
Vietnamese lychee promoted in Bangkok

Vietnamese lychee promoted in Bangkok

The event runs from mid-June to early July at 32 Tops Food Hall and Tops Market stores across Thailand.

More News

Coffee exports exceed 3 billion USD

Coffee exports exceed 3 billion USD

Vietnam's coffee exports has topped 3 billion USD so far this year.
Hai Phong, Bac Giang record exports of tens of billions of dollars

Hai Phong, Bac Giang record exports of tens of billions of dollars

VCN - By the end of May, the country had six provinces and cities with export turnover of tens of billions of dollars or more, including two new names: Hai Phong and Bac Giang.
Investigate a company showing signs of illegally invoice trading

Investigate a company showing signs of illegally invoice trading

VCN – Although there is no warehouse, no factory, no freight forwarding warehouse and no transportation costs, only after 10 days being licensed to establish, Ngoc Hung Dung AG Co.,Ltd has used hundreds of invoices showing signs of tax evasion.
Vietnamese lychees become familiar to Thai consumers

Vietnamese lychees become familiar to Thai consumers

A programme to promote Vietnamese lychees to Thai consumers was opened at Centralworld commercial centre in Bangkok, Thailand on June 21.
Vietnam Report announces top 10 reputable technology companies of 2024

Vietnam Report announces top 10 reputable technology companies of 2024

The Military Industry and Telecoms Group (Viettel), FPT Corporation, Vietnam Posts and Telecommunications Group (VNPT) are among the top 10 reputable technology companies of 2024, which were freshly unveiled by the Vietnam Report JSC on June 21.
Geographical Indication certificates help increase value of Vietnamese farm produce

Geographical Indication certificates help increase value of Vietnamese farm produce

Geographical Indications (GIs) are considered an effective tool to promote the export of Vietnamese agricultural products.
Orders increase, exports in the first 5 months of the year continue to prosper

Orders increase, exports in the first 5 months of the year continue to prosper

VCN - Export turnover to most markets and major trading partners in the past 5 months has recovered well and reached high double-digit growth.
Import-export turnover reached nearly US$65 billion in May

Import-export turnover reached nearly US$65 billion in May

VCN - Import and export in May continued to remain at a high level and was the month with the second highest turnover in the first 5 months of the year.
Russia’s Far East potiential destination for Vietnamese businesses: official

Russia’s Far East potiential destination for Vietnamese businesses: official

There is ample room to promote trade between Vietnam and Russia’s Far East, head of the Vietnam Trade Office Branch in the Far East region Nguyen Hong Thanh said in an interview with the Vietnam News Agency (VNA) ahead of the state visit to Vietnam by President Vladimir Putin.
Read More

Your care

Latest Most read
Vietnam, Cambodia look forward to 20 billion USD trade

Vietnam, Cambodia look forward to 20 billion USD trade

Trade has been a bright spot in the Vietnam-Cambodia relationship, experiencing impressive growth over the past more than a decade and expected to reach 20 billion USD.
Enterprises proactively raw material source, tuna exports will reach US$1 billion

Enterprises proactively raw material source, tuna exports will reach US$1 billion

VCN - Vietnam has become the 5th largest tuna exporter on the world tuna export ranking, businesses expect that tuna exports will recover and hit the US$1 billion in 2024.
Build product value chain to dominate the Halal market

Build product value chain to dominate the Halal market

VCN - Compared to other countries in the region, Vietnam has many favorable conditions to develop the Halal industry (standard products and services for Muslims); especially the Vietnamese Government is also very interested in opening up and support Vietn
Vietnamese lychee promoted in Bangkok

Vietnamese lychee promoted in Bangkok

The event runs from mid-June to early July at 32 Tops Food Hall and Tops Market stores across Thailand.
Coffee exports exceed 3 billion USD

Coffee exports exceed 3 billion USD

Vietnam's coffee exports has topped 3 billion USD so far this year.
Mobile Version