Addressing the event, which is organized by the Confederation of Indian Industry (CII), Aditya Dash, a representative of CII said as one of Vietnam’s major suppliers of raw seafood materials, Indian businesses are keen to share their experience with Vietnamese counterparts to develop the seafood industry while Vietnamese businesses are being encouraged to invest in the aquaculture and seafood processing sector in India.
Le Hang, a representative of the Vietnam Association of Seafood Exporters and Producers (VASEP), briefed participants on the Vietnamese aquatic industry, along with prospects of Vietnam-India cooperation in the field.
According to Hang, Vietnam has so far exported seafood products to 160 foreign markets globally, with revenue reaching between 8 and 9 billion USD per year.
During the first nine months of this year, despite the impact of the COVID-19 pandemic, the nation grossed approximately 6 billion USD from exporting aquatic products.
At present, India is a major supplier of raw seafood material for Vietnam. During the nine-month period, Vietnam imported 188 million USD worth of seafood products from India, posting a year-on year increase of 26 percent and accounting for some 15 percent of the nation’s total seafood import turnover.
In the framework of the event, the trade office under the Vietnamese Embassy in India will hod a Vietnam booth and an online business matching event for Vietnamese enterprises on November 27.