 |
Fisheries export value is estimated at 1.85 billion USD in the first quarter (Q1) of 2023 (Photo: SGGP) |
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), as of the end of the first quarter (Q1), shrimp exports earned US$577 million, a year-on-year drop of 40 percent, while the export of tra and tuna fish brought home US$447 million and US$179 million, down 32 percent and 31 percent, respectively.
Le Hang, communications director of the VASEP said it’s forecasted that aquatic product exports will bounce back from Q2 after several international programs were held in the US and EU, helping to attract more buyers.
Regarding the market, Hang noted that China will become Vietnam’s biggest seafood importer, but there will be great pressure from other competitors in this huge market.
Over the past time, the Ministry of Trade and Industry, the Ministry of Agriculture and Rural Development, and the Ministry of Foreign Affairs have actively organized trade promotion programs to connect Vietnamese seafood exporters with potential customers in key markets.
Meanwhile, firms in the fisheries sector are looking for more preferential loans and measures to remove difficulties for both aquaculture farmers and exporters to stabilize material supply sources and boost exports.
