Q3 exports were affected by tariffs, but the annual turnover target of 11 billion USD is likely to be achieved, according to VASEP.
Original content
Recent assessments by the Vietnam Association of Seafood Exporters and Producers (VASEP) indicate that the export situation has shown signs of stabilization since the third quarter, influenced by the U.S. countervailing duties. However, the main product groups maintain their strength, laying the foundation for the annual export turnover to exceed 11 billion USD. This is the industry's target for this year, equivalent to a growth of 10-15% compared to 2024. According to VASEP, the U.S. market is entering a period of volatility. Exports for the first ten months still increased, reaching 1.66 billion USD, but the downward trend began to be evident from the third quarter due to the U.S. countervailing duties. The two main items, shrimp and catfish, both decreased in September and October. Prospects are coming from other markets. China continues to be a "key pillar," bringing in over 2 billion USD in the first ten months, an increase of 32%. The country favors shrimp, sea fish, live ...
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