Seafood export nears $7.5 billion in 11 months, up 18 percent

SGGP
Seafood export value was estimated to top US$700 million in November and reach the highest ever of $7.5 billion during the first 11 months this year, up 18 percent over the same period last year, according to the Ministry of Agriculture and Rural Development.
 

Farmers harvest pangasius fish in the Mekong Delta (Photo: SGGP)

Farmers harvest pangasius fish in the Mekong Delta (Photo: SGGP)

The Mekong Delta exported over 487,700 tons of pangasius fish, a year on year increase of 28 percent, with the value reaching $1.47 billion accounting for over 30 percent of the country’s seafood export value.
Shrimp export in the region hit $3.2 billion, up 20 percent over the same period last year.
The US, Japan, China and South Korea are the four largest import markets of Vietnamese seafood products, accounting for 58.2 percent of total seafood export value.
In addition, seafood export has been on the rise to new markets such as Israel, Turkey, Brazil and the Philippines with the average growth rate of 66.7 percent compared to the same period last year.
According to the ministry, domestic pangasius and shrimp prices have been on the rise. Consumption in some major markets has been stable.

By PHAN THI – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SGN lists 24million shares on HOSE

 Saigon Ground Services JSC (under code: SGN) will list on the Ho Chi Minh City Stock Exchange (HOSE) 24 million shares for the first time starting on August 1st at a reference price of VND 140,000 per share.