The Vietnam Association of Seafood Exporters and Producers (VASEP) and the World Bank (WB) in Vietnam on August 10 released “A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing: The Case of Vietnam”.
VOV.VN - With a large network of Asian food distributors, Germany represents a potential market for Vietnamese products to penetrate and gain a firm foothold there in the long run, according to Bui Vuong Anh, Vietnamese Trade Counsellor to Germany.
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.
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.
The Vietnamese market with a population of nearly 100 million is attracting both foreign and local food suppliers, with many local exporters turning to the domestic market to overcome this difficult COVID-19 period.
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.
VOV.VN - The Vietnamese aquatic sector has set an export target of approximately US$8.6 billion for this year and US$16 billion by 2030, according to information released by the Ministry of Industry and Trade.
Aside from nice beaches, the coastal city of Vung Tau offers delicious seafood dishes. Among them, stingray hotpot is a favorite of both permanent residents and tourists.