Fishery export completely recovers after COVID-19: official
Illustrative image (Source: VNA)
Vietnam’s fishery export has completely recovered after the COVID-19 pandemic, reeling in 10 billion USD as of November this year, said General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe.
The figure was a record that the sector has achieved after over two decades joining the global market, he noted, adding that the export value is projected to hit 11 billion USD in 2022.
In the 11-month period, most of aquatic products posted double-digit growth in export, at between 18% and 77%. Notably, shrimps and Tra fish earned 4.3 billion USD and more than 2 billion USD, up 30% and over 80% annually, respectively. Meanwhile, the turnover of tuna exceeded 1 billion USD for the first time.
Illustrative photo (Source: VNA)
Hoe attributed the remarkable growth to Vietnam’s activeness regarding materials and production.
He suggested setting an export target of 20 billion USD in the time to come, given the world’s tremendous demand.
However, VASEP also forecast challenges facing the sector in the time to come, as the global economy is entering a phase of slowdown and increasing inflation. The sector is likely to experience higher inventory level and fierce competition from competitors offering low cost and prices like India and Ecuador./.
Related News
Expand investigation for two smuggling cases
09:00 | 17/04/2024 Anti-Smuggling
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials
10:33 | 13/04/2024 Regulations
Latest News
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
Launch of FDI Annual Report 2023
16:25 | 17/04/2024 Import-Export
Vietnam has opportunities to attract, develop the offshoring market
16:11 | 17/04/2024 Import-Export
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
16:09 | 17/04/2024 Import-Export
More News
Be proactive and flexible with production materials
09:02 | 17/04/2024 Import-Export
Cooperate to build leading and "rich in vitality" state-owned enterprises
08:59 | 17/04/2024 Import-Export
Garment & textile sector tries to keep growth momentum
14:16 | 16/04/2024 Import-Export
Businesses capitalize on recovery momentum to explore market expansion
10:01 | 16/04/2024 Import-Export
Access to the Chinese market is increasingly convenient
15:12 | 15/04/2024 Import-Export
China, US, Japan – largest importers of Vietnam’s fishery products in Q1
15:04 | 15/04/2024 Import-Export
Vietnam’s agricultural products appeal to foreign customers
15:03 | 15/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Science and technology enterprises still have limited to access to preferences
10:45 | 15/04/2024 Import-Export
Your care
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
Launch of FDI Annual Report 2023
16:25 | 17/04/2024 Import-Export
Vietnam has opportunities to attract, develop the offshoring market
16:11 | 17/04/2024 Import-Export
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
16:09 | 17/04/2024 Import-Export