Vietnam pocketed 890 million USD from exporting tuna in the first 10 months of this year – the highest-ever figure, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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).
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.
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.
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.
Vietnam’s export of squid and octopus to the US market saw a strong rise of 63.7 percent in the first nine months of 2019 to reach 11.4 million USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Republic of Korea (RoK) was the largest export market for Vietnamese squid and octopus last year, accounting for 40 percent of the total value, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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).
Vietnam’s squid and octopus exports to the US reached 9.7 million USD last year, up 94.7 percent from 2016, reported the Vietnam Association of Seafood Producers and Exporters (VASEP).
Vietnam’s seafood exports to the United States reduced in the first five months, 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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