The Vietnam Association of Seafood Producers and Exporters (VASEP) said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of US$12 billion in 2025, 40% higher than this year.

Vietnam’s seafood export turnover in the first 11 months of 2020 hit US$7.75 billion, down 0.9% from the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).

The US$300-billion export target set in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated COVID-19 situation.

VOV.VN - Due to the adverse impacts caused by the COVID-19 pandemic, the nation’s seafood exports for the entire year are anticipated to reach approximately US$8.2 billion, thereby failing to meet the export target of US$10 billion, according to the Agro Processing and Market Development Authority (Agrotrade).

Vietnam needs to strengthen measures to achieve the sustainable development of seafood exports to the EU market, especially after the EVFTA comes into effect, according to experts.

VOV.VN - Vietnamese seafood exports to Canada have witnessed robust growth in recent times following the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with shrimp, tuna, and basa fish making up a high market share in the Canadian market, according to industry insiders.

Removing the European Commission (EC)’s illegal, unreported and unregulated (IUU) fishing “yellow card” is not easy and cannot be done overnight, but the Vietnamese business community and associations are still determined to do, not only to meet EU requirements, but also for the sake of sustainable fishery development.

Vietnam’s tuna exports to the Middle East and Africa have seen positive signs since the beginning of the year despite declines in overall seafood exports in the face of COVID-19, First Secretary and Head of the Trade Office at the Vietnamese Embassy in Egypt Nguyen Duy Hung said on October 25.

VOV.VN - Vietnamese seafood exports during the year’s third quarter began to show signs of a slight increase, with this growth momentum forecast to keep going into the last quarter of the year, according to information released by the Vietnam Association of Seafood Exporters and Producers (VASEP).