Tuna export value is forecast to reach US$1 billion in 2024, marking an 18 per cent increase compared to last year’s figure and solidifying the product''s role as one of Việt Nam’s key seafood exports.
Demand for pangasius has slumped in export markets compared to that of cod or pollock, and the situation is likely to persist, the Vietnam Association of Seafood Exporters and Producers has said.
Businesses, farmers, and management authorities need to develop rational strategies in response to market changes to breakthroughs and achieve the set export revenue target of US$4-4.3 billion for the year, experts have said.
Seafood exports in the first half of the year were worth US$4.4 billion, up nearly 7 per cent year-on-year, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
VASEP reported that a slight increase in the seafood export value in the first half of this year over the same period, being a positive sign for this industry.
Vietnamese seafood products are increasingly being exported to Singapore through various promotional activities and participation in bilateral trade promotion programmes.
Delegates at a general meeting of the Việt Nam Association of Seafood Exporters and Producers in HCM City on June 10 discussed measures to enable the seafood industry to achieve its export target of US$10 billion this year.
Seafood exports were worth nearly US$2 billion in the first quarter, 8 per cent up year-on-year, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
VASEP''s calling came amid proposed amendments to tax laws, which could potentially see export services subjected to a 10 per cent value-added tax has been put forward.