WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy
Seafood exports forecast to reach US$9 billion in 2019
Ha An 09:52, 2019/07/09
In last six months, the outlook for aquatic exports to EU may be more positive after the European Union – Vietnam Free Trade Agreement (EVFTA) was signed.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has predicted that Vietnamese aquatic exports will grow around 5% in the second half this year, grossing US$5 billion, lifting the total turnover to some US$9 billion by the end of 2019, up 2% year on year, VnExpress reported.
 
Illustrative photo
Illustrative photo
The General Department of Vietnam Customs’ statistics showed that Vietnamese aquatic exports reached US$3.19 billion by the end of May, down 1% year-on-year. However, the figure for the first six months of this year is forecast to rise to US$3.95 billion.
Although the export revenues of prawns and tra fish (pangasius) in H1 diminished, those of other seafood including tuna, squid-octopus, and other saltwater fish still went up year-on-year.
Aquatic exports to China and Hong Kong (China) fell 5% as the government tightened control on product quality and border trade.
On the contrary, exports to Japan still increased by 11%, making this country the largest seafood importer from Vietnam. Besides, exports to the US also increased by 3.4%.
In last six months, the outlook for aquatic exports to EU may be more positive after the European Union – Vietnam Free Trade Agreement (EVFTA) was signed. The number seafood shipments to the US and Japanese market will also increase, especially prawn, according to VASEP
However, the association expressed concerns that illegal, unreported and unregulated fishing (IUU) yellow card issued by EU could hinder aquatic exports from Vietnam to the EU market.
TAG:
Other news
21:14, 2024/10/31
Vietnam, Brazil: Building bridges through shared history and new partnerships
Vietnam and Brazil are forging a future of mutual development, bridging continents through their shared history and new partnerships.
16:41, 2024/10/31
Hanoi develops quality farming models
Agricultural extension in the city continues to face challenges, including the adverse effects of climate change and the complex disease situation affecting crops and livestock.
22:28, 2024/10/30
Suburban Hanoi accelerates OCOP development in co-ops and villages
Local authorities are stepping up their support for members of the One Commune One Product (OCOP) program.
18:35, 2024/10/30
Hanoi to host Vietnam-Asia Smart City Summit 2024
The summit aims to share best practices and promote cooperation among Vietnam's provinces and cities in building and developing smart cities.
16:54, 2024/10/29
Hanoi to attract tourists by showcasing local specialties at wholesale markets
Hanoi aims to enhance supervision of food safety and traceability, along with promoting cashless transactions.
15:53, 2024/10/29
Vietnamese spend $8.9 billion on ecommerce
The total transaction volume in the Jan-Sep period increased by 37.7% compared to the same period last year.