Việt Nam''s seafood exports to Singapore reached S$28.7 million, an increase of 19.3 per cent compared to the same period last year, accounting for 10.1 per cent of the total market share.
Brazil is quickly becoming a key market for Vietnamese seafood products, presenting strong opportunities for growth, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
Industry insiders pointed to stable raw material prices and a strategic shift towards higher-value processed products as key factors underpinning the strong performance of the two top earners -shrimp and tra fish.
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.
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.
Electronic traceability for seafood products helps improve statistics and traceability for seafood caught by fishing vessels, creating favourable conditions for fishermen and businesses.
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), in the first eight months, the seafood export value reached nearly US$6.3 billion.
Việt Nam’s seafood exports remained heavily dependent on natural sources, which have become increasingly difficult to secure due to tightening regulations and limited local marine farming, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).