A tra fish processing line at Hung Ca Company in Dong Thap province (Source: VNA) Hanoi (VNA) - Vietnam’sseafood export value in the first seven months of 2018 was estimated at 4.63billion USD, up 6.3 percent over the same period last year, according to theMinistry of Agriculture and Rural Development (MARD).
The US, Japan, China and the Republic of Korea were the largest importers ofVietnamese seafood in the first half of this year, accounting for 53.5 percentof the total value.
Seafood exports also saw strong growth in the Netherlands (56 percent), Germany(27.2 percent) and China’s Hong Kong (23.9 percent).
During the January-July period, Vietnam imported 984 million USD worth ofseafood, a year-on-year increase of 27.8 percent.
According to the MARD’s Department of Produce Processing and MarketDevelopment, the upcoming imposition of a 10 percent tariff on all Chineseseafood exports by the US and China’s plan to levy a 25 percent tariff on US aquaticproducts will provide an opportunity for Vietnam to boost its exports to thesetwo markets.
Vietnam had a total seafoodoutput of more than 7.2 million tonnes in 2017, including roughly 3.4 milliontonnes coming from catching, and over 3.8 million tonnes from aquaculture,according to the ministry.-VNA
