Seafood exports in September down, recovery slow

Vietnam’s seafood exports continued falling 23 percent in September, following a significant decline of 36 percent in August, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Seafood exports in September down, recovery slow ảnh 1Processing tra fish in Dong Thap (Photo: VNA) N
HCM City (VNA) – Vietnam’s seafood exports continued falling 23percent in September, following a significant decline of 36 percent in August, according to the Vietnam Association of Seafood Exporters andProducers (VASEP).

The association attributed the decrease to shrinkingproduction as the southern localities had to impose social distancing measuresto fight the COVID-19 pandemic.

Specifically, in the first half of September, most of thesouthern localities applied social distancing under the PrimeMinister’s Directive 16, many processing factories suspended operations,leading to a decrease of 31 percent in the nation’s total seafood exportturnover. In the second half of the month, several localities began looseningsocial distancing, which helped restore some production activities. Seafoodexport turnover in the whole month reached over 628 million USD, down 23percent over the same period in 2020.

In the month, seafood exports to the US recovered with aslight increase of 3 percent year-on-year to 159 million USD, while thoseto other markets continued to decline, with China seeing the biggest drop (nearly50 percent), and Japan, Canada, the UK and Australia also experiencingdecreases of between 35 and 45 percent.

During January-September, the export of aquatic products hit6.2 billion USD, up 3 percent year-on-year. Notably, shrimp exports reached2.76 billion USD, up 2.6 percent, the exports of tra fish and tuna rose by 3.2percent and 9 percent to 1 billion USD and 520 million USD, respectively.

VASEP said that the best outlook for seafood exports thisyear is to be equal to that of 2020, or 8.4 billion USD./.
VNA

See more

At the opening ceremony of HortEx Vietnam 2025 (Photo: VNA)

HCM City HortEx showcases agricultural technologies, smart farming

HortEx Vietnam 2025 also serves as a gathering place for businesses, cooperatives, and agricultural producers from more than 16 provinces and cities across Vietnam, providing an excellent opportunity for local enterprises to exchange knowledge, learn from international experience, access new technologies, and expand their markets.

Hyundai Accent remains the best-selling model, with 455 units delivered to customers in February. (Photo: VNA)

Hyundai auto sales remain stable in February

In February, Hyundai Accent remained the best-selling model, with 455 units delivered to customers. It was followed by Hyundai Tucson with 403 units, Hyundai Stargazer with 304 cars, and Hyundai Creta with 303 vehicles.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for Financial Inclusion in Hanoi on March 12. (Photo: VNA)

PM requests stronger efforts to ensure comprehensive, equitable financial access

PM Pham Minh Chinh, who is also head of the steering committee, highlighted the significance of the strategy for the country's socio-economic development, saying that it enables individuals and businesses to access essential financial resources and services for development, improving living standards of the people, and promoting savings and investment.

Manufacturing toys for export at Bilion Max Vietnam Export Processing Co. Ltd. in Hue city. (Photo: VNA)

Vietnam’s economy poised to grow 6.8% this year: WB

“Vietnam is projected to maintain robust economic growth over the next two years, but it can use its fiscal space to better prepare for heightened uncertainties”, said Mariam J. Sherman, World Bank Director for Vietnam, Cambodia and Laos at a press conference.

A shopping mall in HCM City. The retail property market in HCM City is expected to see further growth this year. (Photo: gkg.com.vn)

HCM City retail property market expected to heat up

In 2025, the commercial real estate market, especially in HCM City, is forecast to undergo significant positive changes, with an improved supply. It can be said that this segment will "transform" to recover for a new growth cycle.

Illustrative image (Photo: VNA)

Measures needed to boost business optimism: VCCI

According to the Ministry of Planning and Investment, there are currently 940,000 active enterprises, falling short of the target of one million by 2020 and 1.5 million by the end of the year.

Site clearance has been completed for the Metro Line No.2 project. (Photo: sggp.org.vn)

HCM City to use municipal budget for Metro Line No. 2 project

The Metro Line No. 2 project has an estimated investment of nearly 47.9 trillion VND (2 billion USD) and has nearly completed land clearance, at 99.8%. The NA’s Resolution 188 authorises HCM City to develop seven metro lines spanning 355 kilometres over the next decade, with preliminary total investment for the 2025-2035 phase estimated at 40.2 billion USD.