Vietnam: Seafood exports are about to reach the 10 billion USD mark, revealing 2 star products

Published 2024년 12월 3일

Tridge summary

Vietnam's seafood exports, with a focus on shrimp and pangasius, are on track to reach 10 billion USD, marking significant growth. In November, exports saw a slight decrease but still increased by 17% year-over-year, totaling 924 million USD. The total export turnover for the first 11 months of the year was nearly 9.2 billion USD, marking an 11.5% increase from the previous year. The industry is expected to surpass its target, with shrimp and pangasius continuing to be the main contributors. The market leaders are China and Hong Kong, with the US also showing positive growth. Despite challenges such as inflation and oversupply, the industry remains optimistic and is projected to continue its growth momentum in 2025.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Seafood exports have grown impressively in recent times, on track to approach the 10 billion USD/year mark - an important milestone in the development journey of this industry. In particular, shrimp and pangasius are the two main pillars contributing to this success. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), after reaching a peak of 1 billion USD in October, seafood exports in November slowed down slightly but still maintained impressive growth, with a value of 924 million USD, up 17% over the same period in 2023. Accumulated to the end of November, Vietnam's total seafood export turnover reached nearly 9.2 billion USD, up 11.5% over the previous year. Shrimp exports still maintained impressive growth momentum, reaching an increase of 22% in November, earning 345 million USD. Accumulated in 11 months, it reached 3.5 billion USD, and is expected to reach 4 billion USD by the end of the year. Currently, shrimp accounts for 38.8% of the total ...

Source: 24h newspaper