Monthly aquatic exports top 1 billion USD again after 2 years

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.

Export value of aquatic products last month saw a rise of 28% year on year, bringing the total in the first 10 months of this year to 8.27 billion USD, up 11.4% year on year.

Amid a strong rebound in demand for seafood imports in key markets, Vietnamese aquatic exports recorded impressive growth in October.

As of the end of October, the total value of seafood exports to China and the US hit 1.5 billion USD.

Although the European economy is recovering more slowly compared to those of the US and China, positive signs from seafood consumption and import prices are gradually growing, opening up bright prospects ahead for Vietnamese businesses.

Exports to the EU from January to October increased by 11% compared to the same period last year.

In contrast, those to Japan and the Republic of Korea achieved only modest growth of 1.5% to 2% due to such factors as prolonged inflation./.