The aquatic sector aimed to recover export revenue to 10 billion in 2024 amid stabilising inflation in major markets and a slowly recovering global economy. As the world's third-largest seafood exporter—trailing only China and Norway—Vietnam is firmly on the path to sustainability in the industry. The results provide a solid foundation for Vietnam’s seafood industry to anticipate even greater growth in 2025 and beyond.
Shrimp and pangasius accounted for 60% of the total revenue, with shrimp shipments climbing 16.7% to 4 billion USD and pangasius increasing 8.9% to 2 billion USD compared to 2023. Tuna exports, despite raw material shortages, hit 1 billion USD, an 18% year-on-year rise. Other fish contributed 1.9 billion USD, while squid and octopus generated 662 million USD.
According to Tien, the industry would face new challenges in 2025, including the European Commission’s “yellow card” warning against illegal, unreported, and unregulated (IUU) fishing, climate change, environmental pollution, and market barriers.
However, there are reasons for optimism, such as improved raw material supplies and expanding export markets, the official said./.
