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

Seafood

Vietnam

Published Jun 24, 2022

Tridge summary

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%)…

Original content

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 growth in the first 5 months of this year is very impressive, the number is making many people estimate this year will reach 10 billion USD, if this comes to reality, VASEP will hold a meeting for this milestone”, Mr. Nam speak. There are still many challenges According to Mr. Tran Nguyen Hoang Phu, Deputy General Director of Soc Trang Seafood Joint Stock Company (Stapimex, specializing in shrimp products), labor shortage is a frequent problem faced by enterprises. “The fishery industry uses a lot of labor, our company always has a shortage of ...

Source: CafeF