Billion USD fish of Vietnam waiting for applications from China and the US

Frozen Whole Catfish

Seafood

Vietnam

Published Feb 5, 2023

Tridge summary

Optimistic signals from large markets Statistics show that, although in the fourth quarter of 2022, Vietnam's pangasius exports fell to 475 million USD - the lowest level of the year, down 12% compared to the same period in 2021. year, pangasius still set a historical record when it earned 2.44 billion USD, up 51% compared to the previous year. In January 2023, the Vietnam Association of Seafood Exporters and Producers (VASEP) estimated that pangasius export turnover was only 106.8 million USD, down 50% over the same period last year. However, this billion-dollar fish of Vietnam is receiving positive signals from the two largest markets, China and the US. According to Ms. Le Hang - Communications Director of VASEP, China's complete opening of the door has opened up many agricultural export products of Vietnam, including pangasius. Along with that, freight costs have also dropped below pre-pandemic levels, facilitating trade. China is currently the largest customer of Vietnamese pangasius exports.

Original content

Optimistic signal from the big market Statistics show that, although in the fourth quarter of 2022, Vietnam's pangasius exports fell to 475 million USD - the lowest level of the year, down 12% compared to the same period in 2021. But at the end of the year, pangasius still set a record historical record when it earned $ 2.44 billion, up 51% compared to the previous year. In January 2023, the Vietnam Association of Seafood Exporters and Producers (VASEP) estimated that pangasius export turnover was only 106.8 million USD, down 50% over the same period last year. However, this billion-dollar fish of Vietnam is receiving positive signals from the two largest markets, China and the US. According to Ms. Le Hang - Communications Director of VASEP, China's complete opening of the door has opened up many agricultural export products of Vietnam, including pangasius. Along with that, freight costs have also dropped below pre-pandemic levels, facilitating trade. China is currently the ...

Source: Vov