VOV.VN - With high demand from several major markets, Vietnamese aquatic exports in the second quarter of this year are projected to reach a record high of US$3 billion, according to the forecasts made by the Vietnam Association of Seafood Exporters and Producers (VASEP).

The export of aquatic products recorded strong growth last month although the Russia-Ukraine crisis has disrupted shipments to the two European countries since late February and caused spikes in shipping costs and input expenses.

VOV.VN - Vietnamese aquatic exports this year are forecast to see an upward trend, reaching 2.1 million tonnes worth US$9.2 billion, marking a rise of 3.9% in volume and 3.5% in value over the previous year.

VOV.VN - The country has been strongly advised to redouble efforts to put an end to illegal, unreported, and unregulated (IUU) fishing in a bid to have the European Commission (EC)’s ‘yellow card’ removed, thereby boosting aquatic exports to the EU market, according to industry insiders.

Production and exports of aquatic products have been hard hit by social distancing measures in place for the past two months in 19 southern localities.

Aquatic exports in the first half of August were strongly impacted by the COVID-19 pandemic, reaching only US$263.8 million, down 41% compared to the second half of July and 30.1% from the same period in 2020.

Vietnam’s aquatic export is hoped to hit US$9 billion in 2021 thanks to the recovery of consumption in key markets such as the US, the European Union (EU), and other potential markets.

VOV.VN - Vietnamese seafood exports to China in April suffered a decline of 11%, and this downward trajectory continued in May with a fall of 22%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam has recorded continual growth in squid and octopus exports to China over the last three years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Ho Chi Minh City leads the way for aquatic exports over the opening five months of the year with turnover reaching US$356.5 million, making up approximately 11% of the country’s total seafood exports.