CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

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.
Comments
Other news
17:56, 2025/02/22
Vietnam imposes anti-dumping tariffs on certain Chinese steel products
The investigation was launched in response to a request from two domestic producers.
17:52, 2025/02/22
Party chief experiences Ho Chi Minh City’s first metro line
The Party chief’s visit is significant after the National Assembly approved a resolution on February 19 to pilot mechanisms for Ho Chi Minh City’s urban railway development.
17:50, 2025/02/21
Finance Ministry flags digital currency risks in Vietnam’s upcoming financial centers
Digital assets and cryptocurrencies remain unregulated in Vietnam.
12:58, 2025/02/21
Vietnam to escape middle-income trap with sustained high growth through 2045: PM
An average growth rate of just 7% per year would not be enough to achieve the country's ambitious targets.
15:52, 2025/02/20
Vietnam scales back plan to boost offshore wind
The World Bank has estimated Vietnam’s offshore wind potential at around 600 GW, with projections that the sector could provide 12% of the country’s total electricity generation by 2035.
21:59, 2025/02/19
US firms in Vietnam concern potential export tariffs
The American Chamber of Commerce in Vietnam has urged policymakers to continue dialogue to find solutions that support sustainable economic growth and minimize trade disruptions.