Aquatic exports predicted to hit US$1 billion in 2022
Vietnam’s aquatic exports are forecast to hit US$11 billion in 2022, according to General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe.
Aquatic exports likely to hit record of over US$10 bln in 2022
Aquatic exports are forecast to have hit a record of US$ 10 billion in this November thanks to businesses’ flexible adaptation to changes in the global market, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Agro, forestry, aquatic exports surge 13 percent in eight months
Vietnam's export value of agro, forestry, aquatic products in the first eight months of the year hit about US$36.3 billion, a year-on-year rise of 13.1 percent, according to the Ministry of Agriculture and Rural Development (MARD).
Aquatic exports spike 40 percent in H1
Vietnam’s aquatic exports spiked 40 percent year-on-year to reach nearly US$5.8 billion in the first half of 2022, the Vietnamese Association of Seafood Exporters and Producers (VASEP) has reported.
Vietnam’s exports not entirely rely on aquatic exports
The Office of the Ministry of Industry and Trade (MoIT), on October 24, informed the press that the balance of trade of Vietnamese goods between domestic and foreign-invested (FDI) enterprises was veering strongly, at the same time affirmed that Vietnam's current export turnover does not entirely depend on shrimps and fish.
Door to EU market wide open for Vietnamese aquatic products
The EU has always been the second-largest market of Vietnam's aquatic export. When the Vietnam - EU Free Trade Agreement (EVFTA) takes effect, aquatic exports to the EU are expected to grow robustly.
Vietnamese seafood exported to EU receive zero-percent import duty from August 1
Import tariffs on seafood exported into the EU from Vietnam will be reduced to zero percent as of August 1 this year when the EU-Vietnam Free Trade Agreement officially takes effect.
Ministry carries out measures to recover shrimp export markets
Since the beginning of this year, prolonged hot weather and saltwater intrusion have caused disadvantages for shrimp-farming areas in the Mekong Delta. Besides, the Covid-19 pandemic has also affected the export of shrimps, leading to a decline in export turnover.
Aquatic product exports decline by more than 35 percent
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), due to impacts of the Covid-19 pandemic, most enterprises have suffered a decline of 35-50 percent in export orders as they were canceled and delayed or faced a shortage of raw materials.
Aquatic exports expected to decline by 1.2 percent
Due to several difficulties, aquatic exports of Vietnam this year is forecast to drop by 1.2 percent over the previous year.
Ca Mau looks to earn US$ 1.2 bln from aquatic exports
The southernmost province of Ca Mau is working to spread effective shrimp farming models, towards earning US$ 1.2 billion from export later this year.
Exports forecast to reach US$9 billion this year
According to the Ministry of Agriculture and Rural Development, in the first six months of this year, export value rose by 6.5 percent; total aquatic production reached 3.79 million tons, up 6.2 percent over the same period last year, of which wild fisheries production hit 1.88 million tons, up 5.4 percent; farmed fisheries production touched 1.92 million tons, up 7 percent.
Difficulties hold back aquatic exports
Aquatic product export was estimated to touch US$644 million in the first month of this year, a decrease of 3.9 percent compared to the same period last year, of which pangasius fish exports dropped 4.4 percent and shrimps declined 2.2 percent. Therefore, the export target of $10 billion or a growth of 11 percent for aquatic industry this year is unlikely to be feasible.
Vietnam sees strong growth in aquatic exports to US
Vietnam enjoyed a surge of 46 percent in aquatic products’ export value to the US market in August to $188.7 million , pushing the total revenue in the first eight months of this year to$ 982.9 million up 7 percent over the same period last year.