Vietnam's seafood businesses planned to promote seafood exports to Brazil to meet the high demand in what was regarded as a stable market, according to the Vietnam Seafood Exporters and Producers (VASEP).

In recent years, demand for seafood in Brazil had increased, said VASEP, adding that the Brazilian Government had encouraged people to increase seafood consumption from 9kg per person to 12kg per year through trade promotion programmes.

The association said in the first nine months of this year, Vietnam's seafood exports to Brazil grew 70.6 percent in value year-on-year to 72.7 million USD, of which 72.3 million USD came from tra fish.

The Brazilian market achieved the highest growth rate in tra fish exports with a year-on-year rise of 70.5 percent in value, accounting for 6.1 percent of total tra fish export value, the association said.

Vietnam 's tra fish exports to Brazil were helped by strategic promotional campaigns in response to falling demand from the EU and US markets, the association said.

Seafood exports to the US still reached 273.7 million USD in the first nine months, followed by the EU at 267.2 million USD and ASEAN at 86.4 million USD.

VASEP said Brazil imported seafood products from around the world, and its four largest frozen fillet fish import markets were China , Chile , Vietnam and Argentina.

The average export price of tra fish to Brazil in the first eight months of this year dropped to 1.92-2.12 USD per kilo from 2.26-2.41 USD last year, the association said.

Figures released by VASEP showed that by the end of the third quarter, the country's seafood exports had reached 1.8 billion USD, an increase of 12.5 percent over the same period last year.-VNA