Food & Hotel Vietnam is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726

Vietnamese love lobster, Canadian snow crab


Last year, Vietnam spent about $65 million importing Canadian seafood, doubling by 2021, of which the country’s lobster and snow crab were the most popular among consumers.

Steve Craig, Minister of Fisheries and Fisheries of Nova Scotia (Canada), said last year, bilateral trade between the two countries reached 14 billion USD. In particular, Vietnam is Canada’s largest partner in Southeast Asia.

According to Steve Craig, although Vietnam is the world’s fourth largest seafood exporter with a turnover of 11 billion USD, the domestic market is still a fertile ground for Canadian goods to enter. Last year, Vietnam led the consumption of Canadian seafood in Southeast Asia with a total output of 90 million Canadian dollars (about 65 million dollars), doubling in 2021. Mr. Steve said that Vietnamese people consume seafood among the top in the world with an average amount of 37 kg per person per year.

Among the Canadian seafood products entering Vietnam, lobster, snow crab, and heliotrope are popular products by consumers and always grow at 2-3 digits.

Canadian lobster at a seafood store in Ho Chi Minh City. Photo: Hoang Yen

Mr. Tran Van Truong, CEO of Royal Seafood chain – the official importer of Canadian seafood in large quantities – said that the reason why this country’s seafood is popular in Vietnam is because the price is always stable. In addition, this is imported natural seafood, but Canadian products are always cheaper than domestic and other countries by 5-20%, sometimes up to 40%.

Currently, Canadian lobsters over 1 kg are priced at 1.4 million VND, while the type of 2 lobsters per kg is 1.2 million VND. Meanwhile, Vietnam’s cotton lobster costs up to 2 million VND, while Australian products are 2.4 million VND. Similarly, cod, oysters, and heliotrope from this country are also more attractive compared to other countries.

Mr. Steve Craig said that Vietnam is a very potential market. While the world economy is slipping, the export of goods to Vietnam is still growing well. According to statistics, compared to 2020, Canadian seafood exports to Vietnam have grown three times. Currently, there are about 50-60 Vietnamese enterprises directly importing goods from Canada. The number of stores and branches selling this country’s seafood in Vietnam is increasing rapidly.

In the near future, to further develop trade between the two countries, Mr. Steve Craig said he would create favorable conditions for Vietnamese seafood products to penetrate the Canadian market.

“This year is the 50th anniversary of the establishment of diplomatic relations between Canada and Vietnam, and also marks the 5th anniversary of the implementation of the CPTPP, we will create favorable conditions for businesses of the two countries to cooperate and connect investment effectively”, said Steve Craig.

Source: VnExpress

Share this post

Must Read


You may be interested in

Sustaining its leading position in the Vietnamese tourism industry, Ho Chi Minh City remains a top travel destination
The Ho Chi Minh City Tourism Department is the main organization driving the tourism industry,...
Advancing connectivity to elevate Phu Quoc into an exceptional international destination. 
The comprehensive master plan for Phu Quoc city, Kien Giang province, until 2040 defines the...
Vietnam and South Korea actively stimulate and exchange tourists
In 2023, during the Year of Korean Tourism, efforts will be made to enhance connections between...
Vietnam’s tourism industry demonstrates significant potential for expansion and advancement.
The Deputy Minister of Culture, Sports, and Tourism in Vietnam, Doan Van Viet, has acknowledged...
Visa advantage is “great news” for Vietnam tourism 
The Asia-Pacific Tourism Association (PATA) welcomes visa facilitation policies for international...
The hotel market in Ho Chi Minh City has recovered by more than 92%
According to Savills’ report, in the first half of 2023, Ho Chi Minh City welcomed the...
Vietnam welcomed over 1 million international visitors in July 2023.
July is the first month that the tourism industry welcomed over one million international visitors...
Vietnam businesses benefit from tourism recovery
HANOI: The strong recovery of tourism has helped businesses in the industry prosper. However,...
Nearly 5.6 million international visitors come to Vietnam in first half
Vietnam welcomed nearly 5.6 million international visitors in the first half of this year,...
Vietnam has 103 restaurants honored by the Michelin Guide.
Michelin Guide has honored 103 restaurants/food stalls, including 4 prestigious Michelin-starred...

Subscribe to Our eNewsletters