Vietnam: Seafood exports are recovering gradually

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in June 2023, seafood exports were estimated at nearly $800 million, down 21%. In which, shrimp export is estimated at 341 million USD, the highest level so far this year, down 18% over the same period - this is also the lowest decrease since the beginning of the year. However, accumulated in the first half of the year, shrimp exports reached nearly $1.6 billion, 31% lower than in the first half of 2022. Meanwhile, pangasius exports in June were still 26% lower than the same period last year, reaching about US$156 million. Accumulated in the first 6 months, pangasius exports reached over USD 885 million, 38% lower than the same period last year. VASEP said that in addition to difficulties from the poor consumer market, shrimp and pangasius producers and exporters suffered a decrease in profits because of high prices of feed, seed and input costs. high, while the selling price is low, it is still ...