Tridge summary
Vietnam is the world's third-largest exporter of seafood, with shrimp and tra fish making up 60% of exports, which reached $4.4 billion and $2.1 billion, respectively, in 2023. Tuna exports also hit $1 billion, marking an 18% increase. The industry's goal is to exceed $10 billion in exports in 2024 and $11 billion thereafter, despite challenges such as raw material availability, climate change, environmental pollution, and market barriers. There is optimism due to improved raw material sources, market expansion, and the industry's increasing deep processing capabilities. The government and industry stakeholders have been urged to focus on food safety, technology integration, environmental sustainability, and high-value product development, while also expanding into new markets like the Middle East, halal markets, and Africa.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to VNA, shrimp and tra fish are the two main products of Vietnam's seafood exports, accounting for 60% of the total seafood exports; among them, shrimp exports reached US$4 billion, an increase of 16.7%; tra fish exports reached US$2 billion, an increase of 8.9% over the same period in 2023. In the field of seafood, despite the difficulties of raw materials, tuna exports still reached the target of US$1 billion, an increase of 18% over the same period in 2023. Ms. Nguyen Thi Thu Sac, President of the Vietnam Association of Seafood Exporters and Producers, said that the previous goal was to restore the amount of seafood to US$10 billion in 2024. Despite many difficulties and challenges, the Vietnamese seafood industry has achieved the set goal. On the world seafood export map, Vietnam is currently the third largest exporter, second only to China and Norway. This proves that Vietnam's seafood industry has embarked on the right track of sustainable development and ...
Source: Foodmate
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.