Vietnamese seafood products strive to overcome difficulties and gain a foothold in the international market

Seafood

Vietnam

Regulation & Compliances

Market & Price Trends

Published Jan 22, 2024

Tridge summary

The Fisheries Bureau of the Ministry of Agriculture and Rural Development of Vietnam is facing challenges in regards to traceability, illegal fishing, resource protection, and food safety in the aquatic industry. Despite a decline in export volume, Vietnamese fishermen have maintained growth in major aquatic products and achieved good results in offshore aquaculture activities. The aquatic product consumer market showed signs of improvement at the end of 2023, and Vietnam is still considered a potential supplier to markets such as China, the United States, Europe, and Japan.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Mr. Tran Dinh Lwin, Director of the Fisheries Bureau of the Ministry of Agriculture and Rural Development of Vietnam, said that Vietnam’s aquatic industry still faces a variety of challenges, including the traceability of aquatic products, combating illegal fishing activities, protecting aquatic product resources, and ensuring food safety. The Fisheries Bureau of the Ministry of Agriculture and Rural Development of Vietnam said that the export value of aquatic products in 2023 will be approximately US$9.2 billion, completing 92% of the planned target and down 8% year-on-year. Among them, the export value of shrimp is approximately US$3.45 billion, and the export value of pangasius is approximately US$3.45 billion. 1.9 billion US dollars, tuna is about 900 million US dollars, and soft-bodied aquatic products are about 800 million US dollars; aquatic product exports in 2023 will be about 9.05 million tons, a year-on-year increase of 2%, and aquatic fishing production will reach ...

Source: Foodmate