Vietnamese seafood export surpasses 2024 goal of $10 billion

Published 2024년 12월 25일

Tridge summary

Vietnam's seafood industry has successfully exported over $10 billion worth of seafood in 2024, as reported by the Việt Nam Association of Seafood Exporters and Producers (VASEP), despite facing various challenges such as market fluctuations, logistical issues, and high costs due to global conflicts. The industry's growth was led by significant increases in the export of shrimp, tra fish, and tuna. As the industry looks towards future growth, it will need to address challenges like the 'yellow card' from the European Commission regarding illegal fishing and environmental concerns, while also expanding into new markets and adhering to food safety regulations and sustainable production practices. The Ministry of Agriculture and Rural Development has highlighted the need for strict adherence to food safety regulations and the exploration of new markets to surpass the $10 billion export target and reach $11 billion.

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Original content

Việt Nam’s seafood export in 2024 has surpassed its target of US$10 billion despite many challenges related to the market, logistics and materials, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP). Việt Nam’s seafood export in 2024 has surpassed its target of US$10 billion despite many challenges related to the market, logistics and materials, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP). Export of various product groups saw good growth, such as shrimp export at around $4 billion (up 16.7 per cent), tra fish at 2 billion (up 8.9 per cent), and tuna at 1 billion (up 18 per cent). Nguyễn Thị Thu Sắc, chairwoman of VASEP, said that for 2024 the fishery industry targeted bringing its export turnover back to $10 billion, as large markets around the world had managed to control their inflation, but the global economy was still recovering slowly. The Russia – Ukraine conflict, the Middle East conflict and other ...

Source: WTOCenter