25 C
Ho Chi Minh City
Friday, July 19, 2024

Vietnam’s fishery exports up in Jan-Sept

The Saigon Times

Must read

HCMC – Vietnam exported seafood worth US$8.5 billion between January and September, a year-on-year increase of 38%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Of the total, shrimp accounted for US$3.4 billion during the nine-month period, growing by 23% year-on-year. Outbound sales of tra fish reached some US$2 billion, surging by 82% against the year-ago period.

From January to September, the United States was the country’s biggest fishery buyer with a value of US$1.8 billion, up 22% year-on-year, while Vietnam’s fishery exports to the European Union soared by 41% year-on-year to over US$1 billion.

China reported the sharpest growth in Vietnamese seafood exports at 76%, with a value US$1.35 billion, the local media reported.

Many seafood enterprises said that China will still be their target market for the rest of the year due to rising demand and geographical proximity amid soaring global logistics charges.

In September alone, the country’s fishery exports totaled an estimated US$850 million. Tra fish exports fetched US$161 million, increasing 97% year-on-year, while shrimp shipments amounted to US$350 million, up 13% from the year-ago period, the lowest growth among the main seafood products for export.

VASEP forecasts that at the end of November, seafood exports will reach US$10 billion, as targeted for this year.

More articles


Please enter your comment!
Please enter your name here

Latest articles