Vietnam’s aquatic export forecast to hit 6.5 billion USD

Vietnam’s exports of aquatic products are forecast to hit 6.5 billion USD this year, about 300 million USD more than last year’s figure.
Vietnam’s exports of aquatic products are forecast to hit 6.5 billion USD this year, about 300 million USD more than last year’s figure.

In June alone, the country raked in 578 million USD, bringing total export value for the first half of this year to roughly 2.88 billion USD, a year-on-year rise of 0.9 percent.

Nguyen Huu Dung, Deputy Chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), has based the forecast on an increase in demands of seafood products in foreign markets and recovery of domestic raw materials supply of shrimp, tra fish and tuna since mid-May.

The US remains the largest importer of Vietnamese aquatic products, buying products worth over 470 million USD in the first five months, up 5.5 percent from the same period last year.

Remarkable rises in exports to China and Thailand in the period were recorded, with 40.6 percent and 22.7 percent, respectively, over the same period last year.

In order to realise this year’s target of 6.5 billion USD, enterprises are required to pay more attention to improving their products’ quality, ensuring food safety, and seeking new markets.-VNA

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