Vietnam’s fishery export has completely recovered after the COVID-19 pandemic, reeling in 10 billion USD as of November this year, said General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe.
Fisheries exports declined 4 percent year on year in July after surging 15 percent to earn 4.1 billion USD in the first half of 2021 as the COVID-19 outbreak has forced many seafood processing plants in the south to suspend production, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts that Vietnam's tra fish (pangasius) exports will continue to grow in the coming months thanks to the control of the COVID-19 pandemic in importing countries, said VASEP Secretary Truong Dinh Hoe.
The EU is a potential market for Vietnam's shrimp industry next year because it is the largest shrimp market in the world, while the shrimp production of this bloc has not met its demand, according to domestic seafood experts.
Vietnam’s aquatic export revenue is estimated to reach 778 million USD in November this year, pushing the total earnings in the first 11 months of 2019 to about 8 billion USD.
Vietnam exported 1.93 billion USD worth of shrimp during January-August, down 8.1 percent from the same period last year, according to the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.
The export value of tra fish in July continued to drop for the fifth consecutive month, down 12.7 percent year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s seafood exports increased slightly in July but the country is forecast to continue facing challenges, experts told a conference held by the Vietnam Association for Seafood Exporters and Producers in Ho Chi Minh City on August 28.
The seafood industry must envision a long-term strategy to make full use of new trade pacts and prepare for problems that might arise when they take effect, Truong Dinh Hoe, VASEP general secretary, said.
Developing concentrated aquaculture areas, strengthening linkages among stakeholders, optimising costs, increasing the use of technology, and building brands are among the measures that would add value to the aquaculture sector, according to the Directorate of Fisheries.
Tra fish (pangasius) exports are likely to surpass 2 billion USD for the first time this year, presenting an opportunity for Vietnam’s aquatic product exports to realise or even exceed its yearly goal of 9 billion USD.
Vietnam’s tra fish export turnover to the US surpassed that to China to hit 58.5 million USD in July, making up 30 percent of the country’s total export value of tra fish.
Tra fish exports to the European Union (EU) have recovered following incorrect news published by overseas media, said General Secretary of the Vietnam Association of Seafood Exporters and Processors (VASEP) Truong Dinh Hoe.
Mekong delta localities sought to achieve sustainable development for Tra fish farming in Vietnam at a conference in the Mekong Delta province of Tien Giang on June 23.
Vietnam is taking part in the 25th Seafood Expo Global in Belgium, aiming to convey the diversity and quality of Vietnamese aquatic products and seafood to customers in Europe and across the world.
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