Vietnam expects to rake in between 800,000 to US$1 billion worth of seaculture product exports by 2025, according to a development project of the sector towards 2030 with a vision to 2045.
Vietnam’s export of agro-forestry-aquatic products reeled in over US$3.7 billion in January, down 23% against the same period last year, according to the Ministry of Agricultural and Rural Development.
VOV.VN - Despite Vietnamese seafood exports reaching a record high of US$11 billion last year, the fisheries sector is anticipated to encounter numerous difficulties in the year ahead due to high inflation globally which will lead to consumers moving to tighten their spending.
In 2023, the agricultural sector will promote negotiation to open more foreign markets for local farming commodities, said Hoang Trung, director of the Plant Protection Department under the Ministry of Agriculture and Rural Development (MARD).
The Ministry of Agriculture and Rural Development on December 30 announced that the agricultural sector has achieved all goals set for this year, including a growth rate of 3.36%, a record for many recent years.
Vietnam’s aquatic products are expected to earn about a record US$11 billion from export this year, up 23.8% annually and 22% compared to the plan, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
VOV.VN - Vietnam’s export turnover of agricultural, forestry and fishery products set a record high of US$53.22 billion this year, representing an increase of 9.3% compared to 2021.
The south-central province of Binh Dinh is determined to have no local fishing boats violating foreign waters in the next six months before the European Commission (EC) review the “yellow card” against Vietnamese fisheries sector, according to Secretary of the provincial Party Committee Ho Quoc Dung.
Vietnam and Venezuela have favourble conditions to bolster cooperation in fisheries, Vietnamese Ambassador Le Viet Duyen said at a recent forum.
Tra fish exports have posted the strongest growth among fishery products so far this year while the biggest revenue was recorded in shrimp shipments, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).