Vietnam: Seafood exports soar to new heights in the third quarter

Seafood exports in the third quarter of this year reached US$2.76 billion, up nearly 13% over the same period last year. This is a peak after 4 years of disruption due to the Covid-19 pandemic. Vietnam's seafood exports achieved a remarkable growth of 8.5% in the first nine months of 2024, reaching a total value of US$7.16 billion, according to Le Hang, Director of Communications at the Vietnam Association of Seafood Exporters and Producers (VASEP). The third quarter alone witnessed a substantial increase of nearly 13% in seafood exports, totaling US$2.76 billion. Key products such as tra fish, shrimp, crab, and shellfish experienced significant growth rates of 13.5%, 17.5%, 56%, and 95%, respectively. After four challenging years marked by the COVID-19 pandemic, war, inflation, and market fluctuations, Vietnam's seafood exports have returned to a more stable trajectory in 2024, with the second half of the year witnessing accelerated growth, culminating in a peak in the third ...