VOV.VN - Prime Minister Pham Minh Chinh on April 13 told the forestry and seafood industries to increase product quality and competitive capacity toward earning US$17.5 billion and US$10 billion in export turnover respectively this year.

Taking full advantage of Vietnam's numerous free trade agreements (FTAs) and rolling out measures to promote trade are keys to boosting the country's export in the future, said the Ministry of Industry and Trade (MoIT).

The seafood industry grew rapidly in the third quarter of last year, but there are signs of a slowdown in the fourth quarter and it is expected to continue this year, particularly in large markets.

Vietnam’s seafood industry enjoyed a significant increase after more than three years of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) taking place.

Seafood industry is projected to enjoy strong growth in the 2021-2030 period thanks to the increasing per capita seafood consumption in the world, according to a report published by the Organisation for Economic Cooperation and Development and the Food and Agriculture Organisation of the UN.

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.

VOV.VN - Vietnamese shrimp exports are anticipated to increase by 12% to reach US$4.2 billion this year compared to last year’s figures, accounting for more than 40% of the domestic seafood industry’s export value, according to industry insiders.