|Vietnam’s seafood exports is to total 11 billion USD in 2022 (photo: internet)
Vietnam’s seafood production has fully recovered from the pandemic, said delegates at a workshop in Can Tho last week. The workshop, held by the Vietnam Entrepreneurs e-Magazine, the vietnambiz.vn website, and Greenpan Vietnam, discussed challenges facing the fishery industry – shrinking orders and higher interest rates.
By the end of November, Vietnam will have earned 10 billion USD from seafood exports, ranking 3rd after China with 18 billion USD and Norway with 11 billion USD and comprising 7% of the global market. The figure is expected to reach 11 billion USD by the end of this year.
Vietnam’s shrimp exports totaled 4.3 billion USD (up 30%), ranking in the top 4 in the world along with Ecuador, India and Indonesia. Pangasius exports exceeded 2 billion USD, up 80% from last year and is expected to reach 2.5 billion USD this yea.
Tuna products had an export turnover of over 1 billion USD for the first time. In general, seafood exports grew at a double-digit rate, between 18-77%.
|VASEP Secretary General Truong Dinh Hoe (Photo: VASEP)
VASEP Secretary General Truong Dinh Hoe said their results were thanks to efforts by businesses to manage handle raw materials and production, flexibility, and persistence in keeping up with market trends. Businesses have upgraded their equipment and facilities, transformed digitally, and moved toward greener production and greater social responsibility. They have also effectively taken advantage of new generation free trade agreements (FTAs). Even during the COVID-19 pandemic, seafood companies persisted with aquaculture which has helped the seafood industry recover quickly since the pandemic period.