Revenue from tra fish exports is expected to reach 1.7 billion USD thanks to adaptation efforts of businesses and effective support from the State, Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), has said.
Shrimp export value exceeded 3.8 billion USD in 2021, up 3 percent from 2020 and making up around 45 percent of Vietnam’s earnings from the export of fishery products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s export of tuna to the Middle East this year has risen by nearly 15 percent year on year, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).
Over the past one month, the shrimp industry in the Mekong Delta has been exerting every effort to sustain operations and fulfill the signed export contracts while there is not much time left in 2021 and many new COVID-19 infections continue to be recorded in the region.
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).
Large seafood enterprises have set higher revenue and profit targets this year thanks to positive growth prospects of the seafood export market, especially the US and EU.
Vietnam has recorded continual growth in squid and octopus exports to China over the last three years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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).
Exports of tra fish (pangasius) to China and Hong Kong in the first half of February this year suffered a sharp plunge, according to a report released by the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Taiwan Food and Drug Administration (TFDA) has announced a list of 697 Vietnamese fishery companies meeting the conditions for export to Taiwan (China).
ASEAN, Vietnam’s eighth-largest importer of shrimp, is likely to expand its market share of such exports, the Vietnam Association of Seafood Exporters and Producers (VASEP) has said.
Vietnam’s shrimp exports are forecast to reach 3.7 billion USD this year, posting an year-on-year increase of 9.8 percent, fuelled by the EU – Vietnam Free Trade Agreement (EVFTA) which facilitated export to the EU markets, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The COVID-19 pandemic could provide a good opportunity for the Vietnamese fisheries sector to increase its share in oversea markets, especially with foreign rivals engulfed by lockdowns or other forms of restrictions, experts have said.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has said that seafood exports to Europe have seen many positive signs since the EU-Vietnam Free Trade Agreement (EVFTA) came into effect at the beginning of this month.
Multiple tra fish companies suffered losses due to falling export prices and lower orders, focusing instead on the domestic market amid the COVID-19 pandemic.
Vietnam’s squid and octopus exports grew 6.5 percent to bring back over 48 million USD in June after a continuous decline in the three previous months.
Shrimp exports increased by 5.7 percent year-on-year in January-June to 1.5 billion USD despite the impact of COVID-19, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The COVID-19 pandemic is still influencing Vietnam’s fisheries exports, with export value down 10 percent in June to just 626 million USD following a sharp decline in May of 16 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Squid and octopus exports fell by 21.2 percent year-on-year in the first five months of the year to 192 million USD as demand was hit by COVID-19, according to the Vietnam Association of Seafood Exporters and Producers.
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