Vietnam: Many positive signals from large seafood import markets

Two major markets have positive signs. According to Ms. Le Hang, Communications Director of VASEP, seafood export results in the third quarter improved compared to the first months of the year, but there has not been a strong breakthrough to see. see a stable trend in the near future. The reason is that the comparative level in the first half of 2022 is already low, after a high increase in the first half of 2022. The level of recovery in seafood export sales in the coming time depends largely on two main markets, the US. and China. Both of these markets have positive signals in terms of demand. Orders from these two markets are increasing again, but export prices are still lower than the same period last year. For example, the average export price of frozen pangasius fillets to the US market in 9 months of this year has continuously been 25 - 40% lower than the same period in 2022. In addition to other white meat fish species such as cod, pollock and tilapia, pangasius exports to ...