Aquatic exports hit 10 billion USD

Vietnam's aquatic exports reached 10 billion USD in 2024, driven by shrimp and pangasius, despite challenges related to markets, logistics, and raw materials, the Vietnam Association of Seafood Exporters and Producers (VASEP) said on December 23.
Aquatic exports hit 10 billion USD
Vietnam's aquatic exports reached 10 billion USD in 2024, driven by shrimp and pangasius. (Photo: VNA)

Shrimp and pangasius accounted for 60% of the total revenue, with shrimp shipments climbing 16.7% to 4 billion USD and pangasius increasing 8.9% to 2 billion USD compared to 2023. Tuna exports, despite raw material shortages, hit 1 billion USD, an 18% year-on-year rise. Other fish contributed 1.9 billion USD, while squid and octopus generated 662 million USD.

VASEP Chairwoman Nguyen Thi Thu Sac said the industry aimed to recover export revenue to 10 billion in 2024 amid stabilising inflation in major markets and a slowly recovering global economy.

Despite these hurdles, the domestic aquatic sector demonstrated resilience, adaptability, and determination, Sac added. As the world's third-largest seafood exporter—trailing only China and Norway—Vietnam is firmly on the path to sustainability in the industry.

The results provide a solid foundation for Vietnam’s seafood industry to anticipate even greater growth in 2025 and beyond.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien also affirmed Vietnam's position on the global seafood map, noting that the industry would face new challenges in 2025, including the European Commission’s “yellow card” warning against illegal, unreported, and unregulated (IUU) fishing, climate change, environmental pollution, and market barriers.

2.jpg

Deputy Minister of Agriculture and Rural Development Phung Duc Tien speaks at the event (Photo: VNA)

However, there are reasons for optimism, such as improved raw material supplies and expanding export markets. Vietnamese seafood companies are increasingly showcasing their capabilities in advanced processing and high-quality production, laying the foundation for the sector to exceed 10 billion USD in 2025, toward the goal of 11 billion USD, the official said./.

Source: VNA
en.vietnamplus.vn

Related News

Latest News

Việt Nam boosts supporting industries with development programmes

Việt Nam boosts supporting industries with development programmes

Việt Nam’s supporting industries play a crucial role in the development and competitiveness of key sectors, receiving substantial government investment and support.
VN

VN's wood industry sees chances and challenges from US new trade policies

Việt Nam’s wood industry will need to be flexible due to the anticipated new trade policies of US President-elect Donald Trump in the future, according to experts.
Vietnam

Vietnam's fruit, vegetable exports reach new milestone, topping 7 billion USD

Vietnam’s efforts in expanding export markets for its fruits and vegetables in 2024 has paid off as for the first time, the export of these products has brought home 7.2 billion USD, much higher than the figure of 3.3 billion USD two years ago.

More News

Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

VCN - According to the General Department of Customs, Vietnam-China trade is expected to reach a new record of approximately US$200 billion in 2024. This milestone marks a record in bilateral trade that Vietnam has achieved with a partner.
UK a niche market for Vietnamese speciality coffee

UK a niche market for Vietnamese speciality coffee

The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.
Vietnam-US trade thrives on effective mechanisms: trade counsellor

Vietnam-US trade thrives on effective mechanisms: trade counsellor

The economic and trade mechanisms between Vietnam and the US have shown efficiency throughout 2024, according to Do Ngoc Hung, trade counsellor and head of the Vietnam Trade Office in the American country.
Opening of overseas markets boosts coconut exports

Opening of overseas markets boosts coconut exports

Signed trade agreements are creating favourable conditions for coconut to truly become a key industrial crop. However, this is also a challenge that requires a sustainable development strategy so that coconut products can meet the increasing standard requirements of export markets.
Increasing consumption demand, steel enterprises face many opportunities

Increasing consumption demand, steel enterprises face many opportunities

VCN - Vietnam's steel industry is benefiting from increasing domestic and export demand for steel. However, entering 2025, the industry still faces many challenges.
VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Việt Nam expects to officially export passion fruit to the US next year

Việt Nam expects to officially export passion fruit to the US next year

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
UK’s carbon tax to affect VN exports

UK’s carbon tax to affect VN exports

The UK’s carbon border adjustment mechanism will take effect in 2027.
Removing obstacles in granting certificates of exploited aquatic products

Removing obstacles in granting certificates of exploited aquatic products

VCN - Prime Minister Pham Minh Chinh requested to review all regulations related to the organization and issuance of certificates of origin of exploited aquatic products (SC) at fishing ports, issuance of certificates of origin of exploited aquatic products (CC), and amend inappropriate regulations that cause difficulties and hinder production and business activities in the field of exploitation, processing and export of seafood.
Read More

Your care

Latest Most read
Việt Nam boosts supporting industries with development programmes

Việt Nam boosts supporting industries with development programmes

Việt Nam’s supporting industries play a crucial role in the development and competitiveness of key sectors, receiving substantial government investment and support.
VN

VN's wood industry sees chances and challenges from US new trade policies

Việt Nam’s wood industry will need to be flexible due to the anticipated new trade policies of US President-elect Donald Trump in the future, according to experts.
Vietnam

Vietnam's fruit, vegetable exports reach new milestone, topping 7 billion USD

Vietnam’s efforts in expanding export markets for its fruits and vegetables in 2024 has paid off as for the first time, the export of these products has brought home 7.2 billion USD, much higher than the figure of 3.3 billion USD two years ago.
Aquatic exports hit 10 billion USD

Aquatic exports hit 10 billion USD

Vietnam's aquatic exports reached 10 billion USD in 2024, driven by shrimp and pangasius, despite challenges related to markets, logistics, and raw materials, the Vietnam Association of Seafood Exporters and Producers (VASEP) said on December 23.
Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

According to the General Department of Customs, Vietnam-China trade is expected to reach a new record of approximately US$200 billion in 2024.
Mobile Version