Exports forecast to reach US$9 billion this year

Exports forecast to reach US$9 billion this year

According to the Ministry of Agriculture and Rural Development, in the first six months of this year, export value rose by 6.5 percent; total aquatic production reached 3.79 million tons, up 6.2 percent over the same period last year, of which wild fisheries production hit 1.88 million tons, up 5.4 percent; farmed fisheries production touched 1.92 million tons, up 7 percent.
Shrimps, the key export product, have not showed their full potential (Photo:SGGP)

Difficulties hold back aquatic exports

Aquatic product export was estimated to touch US$644 million in the first month of this year, a decrease of 3.9 percent compared to the same period last year, of which pangasius fish exports dropped 4.4 percent and shrimps declined 2.2 percent. Therefore, the export target of $10 billion or a growth of 11 percent for aquatic industry this year is unlikely to be feasible.

Vietnam sees strong growth in aquatic exports to US

Vietnam sees strong growth in aquatic exports to US

Vietnam enjoyed a surge of 46 percent in aquatic products’ export value to the US market in August to $188.7 million , pushing the total revenue in the first eight months of this year to$ 982.9 million up 7 percent over the same period last year.