The value of aquatic exports in July fell below US$1 billion for the first time in 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Viet Nam’s squid and octopus exports grew 6.5 per cent to bring back over US$48 million in June after a continuous decline in the three previous months.
Vietnamese tra fish, a major foreign currency earner, has gradually won the trust of Japanese consumers as seen in the market’s emergence as one of the 10 biggest tra fish importers of Viet Nam.
Viet Nam’s shrimp exports are expected to grow this year to a value of more than US$4 billion thanks to free trade agreements, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
Viet Nam’s tuna export revenue is likely to reach the target of US$500 million in 2018 after hitting $351 million in the first seven months of this year, while growth has been seen in the majority of markets.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has urged domestic enterprises to maintain strict quality control of aquatic products exported to China amid the recently accelerated growth of tra fish exports to this market.
South Korea will send an inspection team to Viet Nam to assess the country’s activities in controlling chemicals and antibiotics in the processing and export of shrimp to South Korea in June this year.
The Vietnam Association of Seafood Exporters and Producers (VASEP) will furthern help Viet Nam overcome the European Commission’s illegal, unreported and unregulated fishing (IUU) yellow card on Vietnamese fisheries.
The export of tra (catfish) is still facing difficulties although exports for January-September hit US$1.3 billion, up 5.8 per cent over the same period last year, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
Exports of tra fish to the United States have remained stable after it imposed a demand that exporting countries demonstrate that their food safety control system is equivalent to that of the US.
Seafood exporters and producers have asked relevant ministries to work with the Chinese side to remove bottlenecks in the export of aquatic products to China.
The Vietnam Association of Seafood Exporters and Producers (VASEP)
forecast that shrimp exports would reach US$3.3 billion in 2016, up 12
per cent from 2015.