VOV.VN - Vietnam remained the third largest seafood supplier to the Republic of Korea (RoK) last year with the country’s seafood market share as part of the RoK’s total imports reaching 10.2%, according to statistics released by the Korea Customs Service.

Despite a downturn in the export of aquatic products in the first month of 2023, local exporters remain optimistic that the market will recover from the second quarter of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - The General Administration of Customs China has officially approved an additional 23 Vietnamese enterprises to be able to export seafood products to the Chinese market.

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.

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.

VOV.VN - Vietnamese seafood exports to the Chinese market are forecast to record strong growth after northern neighbour is scheduled to reopen its borders on January 8, according to industry insiders.

In the first nine months of 2022, Vietnam was the third largest seafood supplier for the US in terms of volume and the 5th largest in value, data from the US National Marine Fisheries Service showed.

China is expected to stay the largest export market for Vietnamese pangasius this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam is a major partner of the Republic of Korea (RoK) in the field of maritime and fisheries, said RoK Minister of Oceans and Fisheries Cho Seung-Hwan.

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.