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Fisheries sector sees recovery signs in October

Positive signs have been seen in fisheries production, processing and exports in many localities since early October when COVID-19 was put into control.
Fisheries sector sees recovery signs in October ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Positive signs have been seen in fisheries production,processing and exports in many localities since early October.

According to the Vietnam Associationof Seafood Exporters and Producers (VASEP), fisheries exports reached 918 million USD in October, equal to the figure of the same period last year and a rise of 47 percent over last month. Upturn was seen in exportsof the majority of products such as tuna, squid, octopus and shrimp.

The increase showed that the sector is become more stable and on the road to recovery,according to the association.

In the first 10 months of this year, fisheries exports wereestimated at 7.1 billion USD, a slight rise of 2.4 percent. Highest rise wasseen in export revenue of bivalve molluscs at 39 percent to 113 million USD. Exports of tuna posted an increase of 10 percent to 598 million USD, squid and octopus at4.5 percent to 475 million USD, and shrimp at 2.6 percent to 3.2 billion USD.

Due to a shortage in material, export revenue of tra fish inOctober dropped 18 percent year on year to 139 million USD. However, the figurein the first 10 months of this year remained unchanged at 1.2 billion USD.

The US remained the major market of Vietnamese fisheriesproducts, accounting for 24 percent of the total export value at 1.7 billionUSD, up 25 percent year on year. It was followed by Japan with 1.08 billion USDand China and Europe with 872 million USD and 864 million USD, respectively./.
VNA
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