Vietnam's gross domestic product (GDP) expanded by about 7.4 percent in the third quarter and 6.82 percent during the first nine months of 2024 compared to the respective periods of last year, said the General Statistics Office (GSO) on October 6.
Vietnam has recorded US$11.8 billion in agro-forestry-fisheries trade surplus over the first eight months of 2024, surging 68.4% year on year, reported the Ministry of Agriculture and Rural Development (MARD).
Given that local fishermen primarily operate nearshore, and following the Government's directives on combating IUU fishing, the three coastal provinces have actively monitored illegal fishing to prevent all violations.
The 2017 "yellow card" warning from the EC marked a challenging time for Việt Nam's fisheries sector. Over the past six years, both central and local authorities, including those in the southern Red River Delta, have made significant strides to address this issue.
With signs of recovery ahead in both demand and import prices in major markets, the seafood industry aims to achieve an export turnover of US$10 billion this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The ago-forestry-fishery sector raked in US$24.14 billion from exports during the past five months of the year, up 21% against the same period from last year, according to data provided by the Ministry of Agriculture and Rural Development.
