Vietnam's seafood export value is expected to slow growth to 3 billion USD in the third quarter due to a lack of raw materials and disadvantages in the market in the second half.
Vietnam saw a record 30-fold growth in lobster exports to reach a total of 130 million USD in the first half of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam raked in an estimated 4.5 billion USD from exporting aquatic exports in the first five months of 2022, up over 44.5 percent over the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade coordinated with Trade Offices and Embassies of Vietnam in EU member states to host the Vietnam – the EU Business Matching Webinar on Seafood Products 2022 on April 25 – 26.
The two new generation free trade agreements, namely the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the European Union–Vietnam Free Trade Agreement, continued to be the momentum for the increase of Vietnam's seafood exports in the first two months of 2022.
A series of large consignments of many industries have been exported to other countries before and during the Tet (Lunar New Year) festival signal hope for Vietnam’s export.
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).
The Vietnam Association of Seafood Producers and Exporters forecasts that seafood exports would increase by an average of 7 percent yearly between 2021 and 2025, reaching 12 billion USD in 2025.
Vietnam’s seafood exporters are seeking ways to boost shipments to niche markets, as COVID-19 is disrupting supply chains, hindering logistics services and raising transportation costs.
A consultation session about agricultural and seafood exports to Algeria and Senegal was held on August 11, with the participation of over 100 Vietnamese firms.
The Indonesian Ministry of Marine Fisheries (KKP) has said increased exports in the marine and fisheries sector due to a surge in global demand could improve the country’s economic performance amidst the COVID-19 pandemic.
Seafood exports are expected to fetch 2.1 billion USD in the second quarter, a year-on-year increase of 10 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Export value of aquatic products reached 405 million USD in February, pushing the figure in the first two months of 2021 to over 1 billion USD, up 2.2 percent over the same period last year, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Vietnam Association of Seafood Producers and Exporters (VASEP) said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of 12 billion USD in 2025, 40 percent higher than this year.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has announced that China continues to closely control COVID-19 in imported aquatic products, which is likely to slow Vietnam’s exports to the country in the months to come.
Vietnam’s seafood export turnover in the first 11 months of 2020 hit 7.75 billion USD, down 0.9 percent from the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s seafood exports in November increased 13% against the same period in 2019, according to the Vietnam Association of Seafood Exporters and Producers.
Vietnam needs to strengthen measures to achieve the sustainable development of seafood exports to the EU market, especially after the EVFTA comes into effect, according to experts.
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