Fishery export completely recovers after COVID-19: official
Vietnam’s fishery export has completely recovered after the COVID-19 pandemic, reeling in 10 billion USD as of November this year, said General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe.
Hanoi (VNA) – Vietnam’s fishery export has completelyrecovered after the COVID-19 pandemic, reeling in 10 billion USD as of Novemberthis year, said General Secretary of the Vietnam Association of SeafoodExporters and Producers (VASEP) Truong Dinh Hoe.
The figure was a record that the sector has achieved afterover two decades joining the global market, he noted, adding that the exportvalue is projected to hit 11 billion USD in 2022.
In the 11-month period, most of aquatic products posteddouble-digit growth in export, at between 18% and 77%. Notably, shrimps andTra fish earned 4.3 billion USD and more than 2 billion USD,up 30% and over 80% annually, respectively. Meanwhile, the turnover of tunaexceeded 1 billion USD for the first time.
Illustrative photo (Source: VNA)
Hoe attributed the remarkable growth to Vietnam’s activenessregarding materials and production.
He suggested setting an export target of 20 billion USD in the time to come, given the world’s tremendous demand.
However, VASEP also forecast challenges facing the sector inthe time to come, as the global economy is entering a phase of slowdown and increasinginflation. The sector is likely to experience higher inventory level and fiercecompetition from competitors offering low cost and prices like India andEcuador./.
Fishery export turnover this May hit the 1-billion-USD benchmark, posting a year-on-year rise of 27 percent and bringing the figure in the first five months of the year to more than 4.6 billion USD, up 42 percent compared to the same period of 2021.
Import-export revenue of agro-forestry-aquatic products was estimated to reach 66.2 billion USD in the first eight months of 2022, up 8.7% year on year, of which export turnover hit about 36.3 billion USD, a year-on-year rise of 13.1%, reported the Ministry of Agriculture and Rural Development.
Total fishery output in the first nine months of this year is estimated at 6.75 million tonnes, up 2.7% from the same period last year, according to the Ministry of Agriculture and Rural Development.
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Illustrative image (Source: VNA) 
Illustrative photo (Source: VNA) 
