Seafood shipments overseas have risen in the first half of 2022, and experts say Tra fish exports can increase the market share in the EU, while that of shrimp has a lot of room for growth in Canada.
Shipments of seafood products are expected to bring home more than 8.7 billion USD in 2021, according to the General Statistics Office and the Ministry of Industry and Trade
Positive signs have been seen in shrimp exports since the beginning of this year and alongside a host of favourable conditions regarding market demand, the target of earning 4 billion USD from exports has been deemed “within reach”.
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).
The Saudi Food and Drug Authority (SFDA) has permitted 12 Vietnamese companies to resume their exports of seafood to the country, the Ministry of Industry and Trade (MoIT)’s Department of Asia-Africa Markets has said.
Vietnam’s seafood exports will continue to see reductions in next few months due to the pandemic, with a slight year-on-year decrease of 5 percent to 2 billion USD in the second quarter, according to the Vietnam Association Seafood Exporters and Producers (VASEP).
Vietnam has targeted to earn 9 billion USD from fishery exports in 2020, a year-on-year increase of 7 percent, according to the Directorate of Fisheries.
Vietnam’s seafood export value reached 3.2 billion USD last year, a 8-percent increase from a year earlier, the highest rate ever, according to the Vietnam Association of Seafood Exporters and Producers.
The Asian-African Market Department under the Ministry of Industry and Trade has announced that the General Administration of Customs of China has agreed to allow three more types of Vietnamese seafood to be exported to the country.
Vietnam’s seafood export turnover in June reached 794 million USD, raising the total value for the first half of the year to nearly 4 billion USD, up 0.3 percent year on year, according to the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority (AgroTrade).
Businesses in the central province of Thua Thien-Hue are expected to earn over 1.05 trillion USD in 2019, up about 15 percent against the previous year.
Vietnam’s seafood export turnover in November reached 852 million USD, raising the total value in 11 months to 8.1 billion USD, a year-on-year increase of 6.8 percent.
Seafood export value in the first nine month of the year was estimated at 6.4 billion USD, a year-on-year increase of 7.2 percent, according to the Department of Farm Produce Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s seafood export to the EU market is facing various difficulties, said involving companies at a conference reviewing one-year implementation of a campaign that urges local fishery firms to commit to combating illegal, unreported and unregulated (IUU) fishing.
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.
Firms fulfilling labour criteria is a key for the fishery sector to achieve sustainable growth, experts said at a seminar held in Ho Chi Minh City on August 22.
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