Vietnam: Seafood exports in 2022 are expected to reach 10 billion USD

Published 2022년 6월 23일

Tridge summary

The CEO forum 'Removing difficulties for seafood businesses - An insider's perspective' reported a significant growth in Vietnam's seafood export turnover, with a 44.2% increase in the first five months of this year compared to the same period last year, totaling over 4.7 billion USD. The report highlighted the role of the pangasius, shrimp, and tuna markets in this growth, with all markets, except China, being fully open following COVID-19 restrictions. Despite the challenges such as labor shortages, high raw material prices, and technical barriers, it is expected that seafood exports will reach 10 billion USD in 2022, marking a 12% increase from 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Comments were made at the CEO forum "Removing difficulties for seafood businesses - An insider's perspective" held on June 23 in Can Tho City. Mr. Nguyen Hoai Nam, Deputy General Secretary of VASEP said that seafood export turnover in the first 5 months of this year reached more than 4.7 billion USD, up 44.2% over the same period last year. In which, shrimp is the leading product with more than 1.8 billion USD (up over 41%); pangasius reached more than 1.2 billion USD (an increase of nearly 90%); tuna more than 462 million USD (up more than 58%)… In which, all markets (except China) are fully open after COVID-19, trade is favorable. Export prices increased because many enterprises signed contracts from the end of 2021 at high prices. Vietnamese seafood enterprises return to international seafood fairs, attracting more importers. Import demand increased in the US and EU, recovered in China, 3 dominant markets and accounted for more than 60% of Vietnam's total seafood exports. “The ...

Source: CafeF