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”.

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.

Nearly 25 Vietnamese companies exporting basa fish have withdrawn from the EU market since the beginning of the year.

VOV.VN - Vietnamese pangasius exports surged by 17% on-year to reach US$780.9 million during the initial six months of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

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.

Vietnam’s shrimp export revenue in June hit nearly US$402 million, bringing the six-month figure to US$1.7 billion, up 13% year-on-year, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s aquatic export is hoped to hit US$9 billion in 2021 thanks to the recovery of consumption in key markets such as the US, the European Union (EU), and other potential markets.

VOV.VN - Vietnamese seafood exports to China in April suffered a decline of 11%, and this downward trajectory continued in May with a fall of 22%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam has recorded continual growth in squid and octopus exports to China over the last three years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

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.