Vietnam’s aquatic product exporters are being hit hard by the impacts of COVID-19, but there are still opportunities for domestic businesses despite the gloomy outlook, experts have said.
The south-central province of Binh Thuan has caught and bred more than 100,000 tonnes of fish and other seafood products in the first half of the year, up 2.02 percent against the same period in 2018.
With its continuous growth over the past 10 years, ASEAN has become an important market for Vietnamese seafood, and the prospect of 1 billion USD worth of yearly seafood export revenue is reachable.
Shipments of seafood, excluding fish, to many markets, especially the European Union (EU), showed signs of reduction recently, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Cuttlefish and octopus exports this year are expected to increase by four percent from last year to reach 470 million USD, according to the Vietnam Association of Seafood Producers and Exporters.
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