The MoU also stipulates that each shipment of Vietnamese seafood to Argentina must have a NAFIQAD certificate.— Photo qdfeed

HA NOI (Biz Hub) — A memorandum of understanding (MoU) signed with Argentina on agro-fisheries export will open up business opportunities for Vietnamese seafood processors, according to NAFIQAD.

Under the MoU, signed by the National Agro-Forestry-Fisheries Quality Assurance Department of Viet Nam (NAFIQAD) and the National Service of Agricultural Food Health and Quality of Argentina (SENASA), 204 Vietnamese seafood products would be exported to Argentina. The number of seafood firms exporting products to that country would be increased as SENASA would review the agreement in the future.

The MoU also stipulates that each shipment of Vietnamese seafood to Argentina must have a NAFIQAD certificate.

The Viet Nam Association of Seafood Exporters and Processors (VASEP) said that the new export market would help seafood businesses maintain production and boost exports in the context of decreasing exports to the EU and the US.

Viet Nam Customs' statistics showed that Viet Nam's earnings from exports to Argentina reached nearly US$64.5 million in the first five months of the year, with the main products being rubber, garments, footwear, garment and footwear materials, and ceramics.

Meanwhile, Viet Nam imported mainly animal food, corn and soya beans worth more than $399 million. In South America, Vietnamese seafood has penetrated the Brazilian market, with tra fish being the main export. Its five-month seafood export value was more than $52 million, trailing behind mobile handsets and components. — VNS