Recovering demand for aquatic products comes with challenges

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.

According to Vietnam Association of Seafood Exporters and Producers, Vietnam’s seafood exports were valued at about 3.6 billion USD in the first five months, up 6% year-on-year and forecast to hit 4.4 billion USD in the first half.

However, the slow and cautious recovery of markets, competitive pressure on export prices, and challenges in domestic processing, among many other factors, are expected to continue to impact the sector’s exports this year.

espite numerous global challenges, Vietnam still aims for 10 billion USD from aquatic product exports this year.

To achieve this goal, experts recommended businesses adapt and adjust their operations to the market context, with a focus on diversifying export markets and promoting domestic market development./.