Vietnam's seafood exports increased sharply in many markets

The above data has just been announced by the Vietnam Association of Seafood Exporters and Producers (VASEP). This growth shows optimistic signs for seafood exports in the first quarter of this year. Main markets such as China, the US, Japan, and the EU all increased sharply. Of which, seafood exports to China are 3 times higher, and the remaining markets are 34-63%. The shrimp, pangasius, tuna, squid and other seafood industries also increased by 45-100% over the same period in 2023. Exports were positive in the first month of the year, according to businesses, thanks to increased purchasing power in traditional markets, such as China, during the Lunar New Year. However, the general picture of the market this year is still challenging. This slows down the ability of domestic enterprises to recover production and exports. Representatives of shrimp production units said that orders at the beginning of the year have not shown signs of improvement, because purchasing power is still ...