Việt Nam’s fishery products standing firm in Singapore

Processing Tra fish fillets for export at a factory of Cửu Long An Giang Import-Export JSC. — VNA/VNS Photo

SINGAPORE — Statistics in the first half of this year show that for the first time, Việt Nam’s fishery products maintained its position as the fifth largest partner in Singapore for the second consecutive quarter.

The Việt Nam Trade Office in Singapore said Việt Nam’s fishery exports to Singapore in the period under review rose by 0.81 per cent to reach US$51.7 million, occupying a market share of 9.46 per cent. A sharp export revenue rise was seen in fresh fish (25.42 per cent).

Trade Counsellor in Singapore Cao Xuân Thắng advised Vietnamese businesses to further improve the quality of the exports and take an active part in the office’s efforts to connect with the host country’s peers so as to broaden their presence there.

Singaporean statistics show that in the first six months of this year, the country spent about SGD546.14 million (over $406 million) to import fishery products from nearly 100 countries and territories. Imports from Việt Nam included frozen fillet (28.69 per cent) and processed fish (19.24 per cent).

It is implementing a policy of continuously diversifying the sources of supply to ensure food security, and this is intensifying the competition among the exporters of fishery products to Singapore. — VNS