Timely support for seafood producers to cope with tax impacts
People should not panic about the impact of the new tax, solutions to support seafood production are being actively implemented.
In 2024, Vietnam's seafood products were exported to more than 170 countries and territories around the world. Of which, China, the United States, Japan, the EU... are the largest seafood consuming markets in Vietnam.
Mr. Tran Dinh Luan - Director of the Fisheries and Fisheries Department - said that in the first quarter of 2025, the fisheries industry continued to achieve good growth results, estimated yield of 1,993.4 thousand tons, up 2.8%over the same period in the same period in 2024 (of which fish reached 1,480.3 thousand tons, up 2.9%; shrimp reached 202.4 thousand tons, up 4.6%; other seafood reached 310.7 thousand tons); The value of seafood exports reached 2.29 billion USD, up 18.1% over the same period in 2024.
On April 3, 2025, the United States announced a preliminary import tax rate for more than 180 economies, including Vietnam. This tax rate is expected to greatly affect the production chain of the Vietnamese seafood industry.
During the time the two governments negotiate to soon reach an agreement for the benefit of people and businesses, Vietnamese people and seafood businesses need to avoid the fear of leading to mass harvesting of farmed seafood or limiting production, sowing... affecting production plans and growth targets of the industry.
In order to take the initiative in the worst scenario, prepare a positive redirection plan, the Department of Fisheries and Fisheries proposed the Department of Agriculture and Environment of the coastal provinces and cities and provinces and cities in the Mekong Delta region to direct the relevant functional units in the locality to closely follow the production area, propagate and guide the good management of fisheries, update, and have the people to supply and supply information to the people, to be able to update the people and the people to provide stable and stable information, to the people and the people to provide information and to the people. Exports during the time ministries, departments and agencies negotiate with the US government.
At the same time, it is necessary to guide the application of advanced science and technology to optimize the production chain to improve productivity and quality, thoroughly apply measures to reduce production costs, reduce production costs, pay attention to building brands, ensure control and traceability to avoid being scammed by the US to ensure the origin of goods and increase competitiveness of products.
Ready for the unable to negotiate scenario, try to shift exports to traditional markets, while looking for new markets.
In addition, it is also necessary to organize production linkages to reduce intermediaries, coordinate and support processing enterprises to increase purchased output and temporarily store raw materials during the time when the export market to the US has not yet negotiated the appropriate tax rate, creating conditions for enterprises to speed up delivery in the next 1-3 months.
In addition, it is necessary to pay attention to developing suitable products, supporting and organizing processing enterprises and aquaculture people associated with the chain of supermarket systems, hotels, restaurants to increase domestic consumption...
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