News

Seafood enterprises in Vietnam seize the golden opportunity and exports will recover completely

Seafood
Vietnam
Published May 21, 2022

Tridge summary

Enterprises have seized golden opportunities, It is forecasted that seafood exports in the second quarter of this year will continue to grow strongly and may reach the milestone of 3 billion USD thanks to the strong growth of key seafood products in the last quarter. In the first quarter and the beginning of the second quarter, the export value of seafood in the first 4 months of this year reached more than 3.6 billion USD, up 46.8% over the same period last year. According to forecasts, in the second quarter, seafood exports will continue to grow impressively when the main seafood products including: Shrimp, and pangasius are favorable in terms of consumption output in the US and Chinese markets. The global economic recovery after the Covid-19 epidemic with high demand is an advantage for Vietnam's key seafood products in many key markets including the US and China. In addition, the increase in seafood prices and the shortage of supply in the world market due to the impact of the Russia-Ukraine tension is also a great opportunity to increase the export value of key commodities in particular and seafood exports.

Original content

Enterprises have seized golden opportunities, It is forecasted that seafood exports in the second quarter of this year will continue to grow strongly and may reach the milestone of 3 billion USD thanks to the strong growth of key seafood products in the last quarter. In the first quarter and the beginning of the second quarter, the export value of seafood in the first 4 months of this year reached more than 3.6 billion USD, up 46.8% over the same period last year. According to forecasts, in the second quarter, seafood exports will continue to grow impressively when the main seafood products including: Shrimp, pangasius are favorable in terms of consumption output in the US and Chinese markets. The global economic recovery after the Covid-19 epidemic with high demand is an advantage for Vietnam's key seafood products in many key markets including the US and China. In addition, the increase in seafood prices and the shortage of supply in the world market due to the impact of the ...
Source: VNRuralEconomics

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