Vietnam’s fishery exports expected to hit 10 billion USD in 2024

The Vietnam Association of Seafood Exporters and Producers forecasts that the total export value of fishery products for 2024 will hit 9.5 billion USD, and in the best scenario, it may even reach 10 billion USD.

Vietnam’s fishery exports reached 866 million USD in September, bringing the total for the first nine months of 2024 to 7.16 billion USD, a year-on-year increase of 8.5%.

After years of disruption due to COVID-19, conflicts, and inflation, global markets are stabilizing, allowing Vietnam’s fishery exports to regain momentum, especially in the second half of the year.

In the third quarter alone, fishery exports hit 2.76 billion USD, a nearly 13% increase compared to the same period last year.

Key products saw significant growth, with tra fish shipments up 13.5%, shrimp 17.5%, crab 56%, and shelled mollusks 95%.

Shrimp remains the top foreign currency earner, approximating 2.8 billion USD in the first nine months, up 10.5% year-on-year./.