Việt Nam''s seafood industry is riding a wave of success, with November exports reeling in an impressive US$924 million, a 17 per cent annual increase.
HSBC Bank (Vietnam) Ltd. (HSBC Vietnam) and Vinh Hoan Corporation (Vinh Hoan) have entered into an agreement whereby HSBC Vietnam will provide green trade financing to Vĩnh Hoàn.
According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), exports in November 2023 increased by 6 per cent compared to November 2022, reaching nearly US$840 million.
It is expected to reach $10 billion by the end of November, a record milestone for Viet Nam''s seafood industry after more than 20 years of participating in the world market. By the year''s end, it is forecast to reach...
After being affected by the COVID-19 epidemic and fluctuations in inflation, the demand and trends of seafood consumption in many markets have changed, necessitating that Vietnamese seafood enterprises must adapt to these market trends.
The growth momentum of the seafood industry is likely to slow down in this third quarter due to the rising pressure of production and transportation costs, while purchasing power in major markets is expected to decrease.
The seafood industry expects that the Government''s support policies will go a long way towards helping businesses restore production and export activities as the end of the year approaches, after the latest outbreak of COVID-19 stemmed business activities.
Viet Nam’s seafood industry will get a “green card” from the European Commission this year after succeeding in its efforts to fight illegal, unreported and unregulated fishing, but fishermen’s attitudes need to be addressed.
The European Union is ready to support Viet Nam’s seafood industry, but it has to review its fisheries management and address its shortcomings, the First Counselor of the EU Delegation to Viet Nam, Miriam Garcia Ferrer, told a meeting in...