Việt Nam's seafood exports continue recovery

Published 2024년 9월 18일

Tridge summary

Vietnam's seafood exports have seen a notable increase in the first eight months of the year, with a value of nearly US$6.3 billion, a nearly nine percent rise from the same period in the previous year, as per the Việt Nam Association of Seafood Exporters and Producers (VASEP). The growth is spread across various seafood products, with shrimp, pangasius, tuna, and other marine fish exports experiencing significant increases. However, challenges such as the IUU yellow card, anti-subsidy tax, and anti-dumping tax could potentially limit this growth. The total seafood export revenue for the year is projected to reach between $9.4-9.5 billion, marking a six percent increase from 2023.

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

Original content

According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), in the first eight months, the seafood export value reached nearly US$6.3 billion. Việt Nam saw a gradual recovery of seafood exports during the first eight months of this year, both in terms of demand and price. According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), the value of seafood exports in the first eight months reached nearly US$6.3 billion, up nearly nine per cent over the same period last year. In August alone, this value reached a growth rate of 20 per cent to nearly $953 million. VASEP reported that, apart from squid and octopus, whose export turnover decreased by 15 per cent in August, the exports of all other key products had double—or triple-digit growth. Shrimp exports rose by 30 per cent, pangasius by 18 per cent, tuna by 13 per cent, and other marine fish by 12 per cent. During the first eight months, shrimp exports reached $2.4 billion, up nine per cent ...

Source: WTOCenter