According to the Ministry of Agriculture and Rural Development, the United States has surpassed China to become Vietnam's largest market for agricultural, forestry, and fishery products over the past eight months.
Vietnam’s fishery exports reached 866 million USD in September, bringing the total for the first nine months of 2024 to 7.16 billion USD, a year-on-year increase of 8.5%, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.
Vietnam earned 46.28 billion USD from exporting agricultural, forestry and fishery products, while spending 32.42 billion USD importing them in the first nine months of 2024, up 21% and 7.5% year-on-year, respectively.
Statistics in the first half of this year show that for the first time, Vietnam’s fishery products maintained its position as the fifth largest partner in Singapore for the second consecutive quarter
After a period of stagnation caused by the COVID-19 pandemic, many farm produce of Vietnam have recorded speedy growth in export to China so far this year and the shipments are predicted to keep increasing in the time ahead.
Fishery products shipped overseas earned 2.63 billion USD for Vietnam between January and April, down 27.7% year-on-year, according to the Ministry of Agriculture and Rural Development.
Minister of Industry and Trade Nguyen Hong Dien discussed measures to promote economic and trade ties between Vietnam and China’s Yunnan province, while meeting with Secretary of the Yunnan Party Committee Wang Ning in Hanoi.
Tra fish exports have posted the strongest growth among fishery products so far this year while the biggest revenue was recorded in shrimp shipments, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Agro-forestry-fishery exports stood at about 49.04 billion USD in the first 11 months of 2022, higher than last year’s record of 48.6 billion USD, the Ministry of Agriculture and Rural Development (MARD) said.
Aquatic exports are forecast to have hit a record of 10 billion USD in this November thanks to businesses’ flexible adaptation to changes in the global market, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Tra fish exports to member countries of the Association of Southeast Asian Nations (ASEAN) have been rising sharply, and this market is forecast to surpass the European Union in terms of catfish imports from Vietnam in the near future, the Cong Thuong (Industry & Trade) newspaper reported.
Trade revenue between Vietnam and Australia approximated 11 billion USD in the first eight months of 2022, up 37.44% from a year earlier, statistics show.
Total fishery output in the first nine months of this year is estimated at 6.75 million tonnes, up 2.7% from the same period last year, according to the Ministry of Agriculture and Rural Development.
South Africa remains a promising market for Vietnam’s fishery products and serves as an important gateway for them to enter the regional market, an official has said.
Indonesia’s Ministry of Maritime Affairs and Fisheries (KKP) is ready to maintain the scope of acceptance of marine and fishery products from the country to 171 countries worldwide, a senior official has said.
Shrimp export value exceeded 3.8 billion USD in 2021, up 3 percent from 2020 and making up around 45 percent of Vietnam’s earnings from the export of fishery products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Shipments of fishery products are estimated to rake in 8.89 billion USD in 2021, posting a year-on-year rise of 5.7 percent, said Nguyen Quang Hung, deputy head of the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.
Vietnam exported 10.61 billion USD worth of agricultural, forestry and fishery products in the first quarter of 2021, up 19.7 percent compared to the same period last year.
The Directorate of Fisheries is implementing software and piloting the electronic traceability for seafood products to meet state management and market requirements.
