As a key export product of Vietnam's seafood sector, pangasius exports in the past two years have suffered many obstacles. Businesses expected that in 2022 there would be opportunities for pangasius exports to increase.
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After overcoming difficulties in 2021, Vietnam's seafood exports are forecast to continue to face many challenges in 2022. Solving breeding problems, increasing price competition, as well as research to develop new species of aquaculture, are basic solutions to help the seafood industry accelerate exports.
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Exceeding many previous forecasts, in 2021, the export of agriculture, forestry and fishery products reached a record of US$48.6 billion, much higher than the target of US$42 billion assigned by the Government. Minister of Agriculture and Rural Development (MARD) Le Minh Hoan said that the Ministry of Agriculture and Rural Development was consulting with Vietnamese embassies and Trade Offices abroad to develop a sustainable agricultural product export scheme.
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Meeting regulations on the rules of origin and solving problems in logistics are important solutions to accelerate exports to Latin America in the near future.
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Thanks to careful preparation, attracting investment capital is still one of the bright spots of Vietnam's economy in 2021, with a total of newly registered, adjusted and contributed capital to buy shares, buying capital contribution from foreign investors reached US$26.46 billion.
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The stable growth rates, export-oriented economy, and increase of FTAs have helped Vietnam's production continue to shift to high-value industries. Accordingly, businesses focus on improving technology and promoting production along the value chain. Therefore, real estate developers need to pay attention to providing industrial parks that can meet this requirement.
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At the Forum on Development Linkage of Ho Chi Minh City and the Mekong Delta provinces held over the weekend, economic experts said that regional logistics development must be a priority.
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Businesses in many different fields have affirmed that digital transformation and the application of information technology are vital factors for each unit, but a suitable solution must be found.
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While the import of many products (typically plywood and rotary veneer) from China has increased sharply, similar products from Vietnam to the US also increased. This has been putting the Vietnamese wood industry at great risk of commercial fraud, so it is necessary to work closely with both State management agencies and the business community to solve the issue in a timely manner.
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Despite great efforts, pangasius exporters still face many difficulties, making exporting this staple product to many potential markets be unable to recover.
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