Vietnam’s aquatic exports on track to top 10 billion USD

Vietnam's aquatic exports are on track to reach 10 billion USD in 2024, according to the Vietnam Association of Seafood Exporters and Producers.

Despite a slight dip in November, aquatic exports still brought in nearly 924 million USD, up 17% year-on-year.

In the first 11 months of 2024, the sector earned approximately 9.2 billion USD from international markets, reflecting an 11.5% increase compared to 2023.

With this growth momentum, the seafood industry is poised to meet its 10 USD billion export target, marking an 11.5% rise year-on-year. Shrimp and tra fish remain key drivers, contributing 4 billion USD and 2 billion USD, respectively.

The US, China, and Japan were the three largest purchasers, accounting for 18.5%, 16.8%, and 15.4% of the market share, respectively. Among the 15 major export markets, Russia had the sharpest growth of 94.8% while Thailand experienced a decline of 10.1%./.