Last updated: 16:0 - October 21, 2006
Japan - big market for Vietnamese aquatic products http://www.nhandan.com.vn/english/business/211006/business_japan.htm
Vietnam is likely to earn US $750-800 million from exporting aquatic products to Japan in 2006 and the revenue is expected to reach US $1-1.2 billion by 2010 if the country continues to enjoy high growth rate of 8.5-9%, according to estimates by the Ministry of Trade.
Frozen shrimp is still the number one aquatic product exported to the Japanese market, followed by frozen cuttlefish and fish, said experts from the ministry.
The officials, however, suggested that local businesses should increase the export of other aquatic products, such as fresh shrimp and fish, canned shrimp, cuttlefish and fish, and other processed and packed products, to the Japanese market.
According to the Ministry of Fisheries, Vietnam fetched some US $2.3 billion from exporting aquatic products to foreign markets over the last nine months.
Japan was the largest market for Vietnamese aquatic products, followed by the US, China, the EU. Russia and other Eastern European countries have also become important markets. (VNA)
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