Vietnam: It is necessary to solve the problem of quality and market for sustainably seafood export

Seafood

Vietnam

Regulation & Compliances

Market & Price Trends

Published Dec 27, 2023

Tridge summary

Vietnam aims to be a leading seafood processing center, with a goal to increase the growth rate of processed seafood output to over 6%/year by 2030. However, the industry is facing difficulties such as unstable raw material sources, high production costs, and technical barriers and competition in the global market. To overcome these challenges, the industry is focusing on improving product quality, decreasing production costs, and strengthening export promotion and market development with the support of the government.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Mainly exporting raw and frozen products The project to develop the seafood processing industry for the period 2021-2030 sets the goal of developing modern, effective and sustainable seafood processing, meeting the needs and regulations of the consumer market; improving competitiveness and continuing to integrate deeply into the global value chain; striving to make Vietnam a seafood processing center and rank in the top 5 countries in the world by 2030. Striving to have the growth rate of processed seafood output reach over 6%/year by 2030. The proportion of export value of value-added processed aquatic products averages over 40% (of which: shrimp reaches 60%, pangasius reaches 10%, tuna reaches 70%, squid and octopus reaches 30%, other aquatic products reach 30%). The value of seafood processing for domestic consumption reaches VND 40,000 - 45,000 billion. Contributing to the value of seafood export turnover reaching about US$ 14 - 16 billion. However, besides the results ...

Source: WTOCenter