As of October 2024, seafood export value had reached 8.33 billion USD, a 12% increase year-on-year. October alone witnessed a remarkable 1.1 billion USD in exports, a monthly record in 27 months, according to the Ministry of Agriculture and Rural Development.
The US, China, and Japan remain the top destinations for Vietnamese aquatic products, but the industry's global reach is expanding rapidly.
To fuel this growth, the Vietnamese Government has directed the expansion of preferential credit for the forestry and fishery sectors. With funding scaled up to about 50-60 trillion VND (2-2.4 billion USD), this initiative ensures enterprises have access to low-interest loans, bolstering their operations and growth.
In another strategic move, the National Programme for the Protection and Development of Fisheries Resources through 2030 was approved. It focuses on conserving and regenerating aquatic resources, securing the sustainable development of Vietnam's fishery industry for years to come./.
