The Vietnam Association of Seafood Exporters and Producers (VASEP) quoted information from the Ministry of Agriculture and Rural Development as saying that the Russia-Ukraine tensions cause Vietnam's agricultural trade with Russia and Ukraine to be significantly reduced.

Specifically, those impacts come from the shutdown of the international payment system (SWIFT) of major Russian international banks; freezing the assets of large corporate banks; prevent import and export; stop providing credit; Supply chain disruptions, ruble devaluation, inflation, global stock market instability...

Currently, Russia ranks 9th in shrimp imports from Vietnam

Accordingly, Vietnam will also be affected by risks of international payments, disruption of the supply chain in import and export because major shipping lines have declared not to transport to and from Russia, leading to increased costs. transport; increase in imported input costs for basic goods and decline in demand in Russia, Ukraine and related countries.

Faced with this fact, the Ministry of Agriculture and Rural Development suggested that businesses closely monitor the situation, closely coordinate with the Industry Association and the State Bank to assist in payment when exporting goods to Russia but financial transactions. main is stalled.

Towards a solution to deal with immediate difficulties due to market stagnation in Russia and Ukraine; Solutions to diversify export markets, including markets that previously had a large amount of imports (EU, China, the Middle East, etc.) from Russia and Ukraine for products including seafood.

Currently, Russia ranks 9th in shrimp imports from Vietnam, accounting for 1% of the total shrimp export value of our country. As of February 15, shrimp exports to Russia reached $3.3 million, down 23% compared to the same period in 2021.

Although Russia is considered as one of the potential markets for Vietnamese shrimp, the number of enterprises licensed to export to this market is still limited.

The reason is that Russia's complicated registration procedures, lengthy review time, non-tariff barriers such as food safety regulations and quality quarantine are quite strict in accordance with Russia's own regulations as well as those of Russia. according to VN- EAEUFTA...

plo.vn