Vietnam’s seafood exports are predicted to experience a year-on-year decrease of 13 percent to US$1.15 billion in the first quarter of this year.
(VOV) - Vietnam’s seafood exports will face a lot of difficulties on account of shrinking markets in the US, the EU, Japan and the Republic of Korea (RoK).
(VOV) - Seafood businesses have struggled to earn US$6.2 billion from exports this year, US$300 million less than the set target.
The Mekong delta’s aquatic exports are forecast to reach around US$6.5 billion this year, according to the Ministry of Agricultural and Rural Development.
(VOV) -Seafood export earnings are expected to hit around US$6.5 billion this year.
Earnings from seafood exports in the last five months of this year will likely reach US$3.1-3.3 billion, raising the total export turnover for the whole year to US$6.5-6.7 billion.
The crux of the matter is how to help farmers, fishermen and businesses find a way out of this crunch time to stabilize production and make a reasonable profit.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has predicted that Vietnam’s earnings from seafood exports would drop to US$5.7 billion this year, which is more than US$500 million lower than its projected target.
![Seafood exports hit US$3.1 billion in 7 months]()
Seafood exports in July reached US$500 million, raising the country’s seven-months turnover to US$3.1 billion, an increase of 24.8 percent over the same period a year ago.
In January, Vietnam’s seafood exports gained a revenue of US$320 million, rising 2.3 percent against the same period in 2010.
The Vietnamese agricultural sector is expecting to record US$4.815 billion in exports, a year-on-year increase of 14 percent, according to the Ministry of Agriculture and Rural Development (MARD).
Russia was named a potential market for exporting seafood, said Duong Ngoc Minh, head of Managing Board for Export to Russia.
