
Export of aquatic products tops 774 million USD in January
Shrimp continued to lead the sector, generating 300 million USD in revenue and accounting for 39% of the total export.
Shrimp continued to lead the sector, generating 300 million USD in revenue and accounting for 39% of the total export.
Vietnam's seafood industry is on a roll, with export momentum propelling it toward the 10 billion USD target for 2024, laying robust groundwork for 2025.
In 2024, the agricultural sector stepped up trade promotion and the analysis of foreign markets so as to align domestic production with their requirements and standards.
Vietnam recorded a trade surplus of 16.46 billion USD in agricultural, forestry, and aquatic products during the first 11 months of 2024, soaring 52.8% year on year, reported the Ministry of Agriculture and Rural Development.
Monthly aquatic exports have exceeded 1 billion USD again in October after more than two years, signaling a rosy future for the industry, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.
Vietnam remained Singapore's 5th largest exporter of aquatic products for three straight quarters, the Vietnam Trade Office in the city-state has said.
The year-end festive season is expected as a stimulus to boost Vietnam’s exports of aquatic products despite various challenges, according to experts.
Hanoi plans to develop fisheries into an important economic sector with large scale, high value and good brand, meeting local demand for freshwater aquatic products and export standards.
The demand for aquatic products is expected to pick up from the third quarter of this year, with many associated challenges requiring advertisements and the diversification of business products and markets.
Vietnam has recorded an estimated agro-forestry-fishery trade surplus of 8.28 billion USD during the first half of 2024, surging 62.4% year on year, said the Ministry of Agriculture and Rural Development (MARD).
Aquatic products of small- and medium-sized enterprises (SMEs) in the Republic of Korea (RoK)’s South Chungcheong province will be sold in Vietnam’s Ho Chi Minh City and China’s Taiwan for the first time in the coming time.
Vietnam raked in 2.7 billion USD from exporting aquatic products in the first four months of 2024, representing a year-on-year increase of 6%, the Association of Seafood Exporters and Producers (VASEP) has reported.