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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Canada a promising market for Vietnam seafood

Friday, April 27, 2012 > 11:53:15

(Vietnam Online Newspaper)

Canada is now Vietnam ’s ninth largest seafood importer, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

It is also a familiar market for Vietnam ’s cuttlefish and octopus products.

In 2011, Vietnam earned 913,000 USD from cuttlefish and octopus export to Canada , but the figure was over 440,000 USD in the first quarter of this year, a surge of 600 percent over the same period last year.

Seafood experts said that the surge will open up more opportunities for Vietnamese cuttlefish and octopus exporters in future.

According to VASEP, Canada is a pleasant and open market for Vietnamese seafood though its orders are smaller than those of the US .

However, Vietnamese cuttlefish and octopus exporters have to compete with many rivals, including China , Thailand , India and Peru . To penetrate the Canadian market, local exporters are advised to study market demand and improve product quality to sharpen their competitive edge./.

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