The Vietnam Association of Seafood Producers and Exporters forecasts that seafood exports would increase by an average of 7% yearly between 2021 and 2025, reaching US$12 billion in 2025.

Large seafood enterprises have set higher revenue and profit targets this year thanks to positive growth prospects of the seafood export market, especially the US and EU.

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.

Despite the difficulties caused by the COVID-19 pandemic, shrimp exports have increased remarkably thanks to efforts made by both authorities and businesses.

Vietnam earned US$790 million from exporting aquatic products in May, lifting the total figure in the first five months of this year to nearly US$3.3 billion, a year-on-year rise of 14%.

VOV.VN - Vietnam’s seafood exports to the United States during the opening four months of the year enjoyed an annual surge of 28% to US$483 million, according to the Vietnam Association of Seafood Producers and Exporters (VASEP).

VOV.VN - Vietnam raked in US$2.39 billion from aquatic exports during the opening four months of the year, representing an increase of 6.1% compared to the same period last year, according to the Ministry of Agriculture and Rural Development.

Vietnam is expected to make breakthroughs in exporting aquatic products in the coming time thanks to its good performance of biological safety, and benefits brought by free trade agreements (FTAs), according to the Ministry of Agriculture and Rural Development.

VOV.VN - Vietnam raked in US$76.74 billion from exports and spent US$74.61 billion on imports during the first three months of the year, thus recording a trade surplus of US$2.14 billion, according to the General Department of Vietnam Customs.

The Minh Phu Hau Giang Seafood JSC (in Hau River Industrial Park in Hau Giang Province’s Chau Thanh District) in early January exported its first batch of shrimp in eight containers to the EU, the US, and Japan at prices 4%-5% higher than in the Asian market.