In response to failing markets, the Vietnam Association of Seafood Exporters and Producers (VASEP) believes that Israel is a potential alternative market with high purchasing power and solvency.

Vietnam's Deputy Foreign Minister Ha Kim Ngoc stressed the breakthroughs in Vietnam - Israel economic cooperation Vietnam on May 30, at the ceremony on Israel's National Day Celebration and the celebration of the 30th founding anniversary of Vietnam - Israel bilateral relations.

Vietnam and Israel successfully close negotiations toward signing a Vietnam and Israel Free Trade Agreement.