Vietnam is the fourth largest squid exporter to European Union (EU)

                                                                      Photo: internet

The seafood industry in Vietnam continues to grow an develop.

Vietnam is the fourth largest exporter of squid to the European Union (EU).

The Vietnam Association of Seafood Exporters and Producers (VASEP) said that in recent years the European Union (EU) has increased octopus imports. Spain is a leader in this sector.

Accordingly, Spain accounted for 39 per cent of all octopus exports to the EU; Italy accounted for 33 per cent and Portugal for over 6 per cent.

The EU's top import is frozen squid followed by frozen octopus. The two items account for over 80 per cent of total imports to the EU.

Vietnam is the fourth largest squid exporter to the European Union in Europe, accounting for over 6 per cent of the total value of EU imports.

The amount of Vietnamese squid exports in the first 9 months of 2016 was higher than the same period in 2015.

However, the average price of Vietnamese squid exports from the same time period has decreased compared to 2015, but it is still higher than the average price of EU imports.

VASEP is a social organization composed of professional businesses and organizations that are active in the field of production, processing and exporting Vietnam's seafood. It was established to gather and unite its members, protect rights, legitimate interests, and the legitimacy of its members; it also helps raise the value, quality and competitiveness of Vietnam’s seafood products.

In addition, it was developed to create tools for seafood processing and contribute to the economic development of Vietnam.

by Hai Van / VET