With Vietnamese seafood exports reaching more than US$10 billion in 2024, the aquatic industry is anticipated to achieve an export target of US$11 billion ahead in 2025, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam's aquatic exports reached US$10 billion 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.
Vietnam’s agro-forestry-aquatic product exports are projected to surpass US$62 billion this year, with a record trade surplus of US$18.6 billion, marking a new milestone for the sector.
Vietnamese agro-forestry-fisheries exports to the United States surged by nearly 31% to reach US$8.5 billion during the first eight months of the year, according to the Ministry of Agriculture and Rural Development (MARD).
With strong export growth recorded in key agricultural products during the first eight months of the year, the Vietnamese agro-forestry-aquatic sector is likely to rake in US$55 billion this year, according to the Ministry of Agriculture and Rural Development (MARD).
In order for Vietnam's aquatic product exports to reach the target of US$10 billion this year, businesses need to be more adaptative and adjust their operation plans to suit the market context, according to Chairwoman of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Thi Thu Sac.
Vietnam has recorded an estimated agro-forestry-fishery trade surplus of US$8.28 billion during the first half of 2024, surging 62.4 percent year on year, said the Ministry of Agriculture and Rural Development (MARD).
Breeding shrimp and other aquatic species in mangrove forests in the Cửu Long (Mekong) Delta both offers a steady income to households protecting forests and improves conservation.
Key Vietnamese aquatic exports such as shrimp and Tra fish (pangasius) saw robust growth in April, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
