Tridge summary
Vietnam's seafood exports in July surged by 14% year-on-year to over 885 million USD, the highest since the beginning of the year, with key products like shrimp and pangasius experiencing significant growth in major markets such as the US, China, and Hong Kong. As of the end of July, the total seafood export revenue stood at 5.28 billion USD, with the shrimp industry contributing nearly 2 billion USD and pangasius about 1.09 billion USD. However, the industry faces challenges in raw material procurement due to new regulations, leading to a slowdown in tuna exports and a decrease in other marine fish exports in the first seven months of the year. The Vietnam Association of Seafood Exporters and Producers (VASEP) is seeking to amend decree 37 to align it with international practices and is urging compliance with IUU regulations and decree 37. The association predicts that seafood exports could reach nearly 10 billion USD this year, given the recovery of major markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the US, China, and Hong Kong (China) markets are increasing seafood purchases. Thanks to that, in July Vietnam's seafood exports reached over 885 million USD, up 14% over the same period last year. This is the month with the highest export turnover from the beginning of the year until now. VASEP said that in July, exports of key aquatic products all had better growth, of which shrimp exports increased by 11% and pangasius exports increased by 23%. In particular, major markets spend heavily to import Vietnamese shrimp and pangasius. Typically, shrimp exports to China increased by 24%, to Europe increased 32%, to the US increased 9%, to Japan increased 4%... With pangasius, exports to major markets all grew 2 figure, from 20-40%. By the end of July, Vietnam's seafood exports reached 5.28 billion USD, of which the shrimp industry brought in nearly 2 billion USD, an increase of 7% and pangasius brought in ...
Source: 24h newspaper
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