Seafood exports in Vietnam are forecast to reach 10 billion USD

In November, despite a slight slowdown, seafood exports still reached nearly 924 million USD, up 17% over the same period in 2023. In the first 11 months of the year, the industry earned nearly 9.2 billion USD from foreign markets, up 11.5%. According to Vasep, with the current growth momentum, the seafood industry can complete the target of 10 billion USD in exports, up 11.5% over 2023. In which, shrimp and pangasius continue to be the two main pillars, bringing in 4 billion USD and 2 billion USD, respectively. In the past 11 months, shrimp, pangasius and tuna were the top 3 products with the highest turnover. In addition, some products such as crab, shellfish and octopus also recorded high growth. In which, crab and shellfish grew by 60% and 66%, respectively. In addition, the seafood industry this year also strongly developed by-products such as fishmeal. Exports of this item reached 220.4 million USD in the first 10 months and are forecast to reach 264.6 million USD for the ...