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
16:20, 2024/11/20
Hanoi to add nearly 6,000 social housing units by 2025
The construction of social housing in the capital has reached only 9% of the target set in the plan to build one million social housing units by 2025.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
16:00, 2024/11/19
Lao Cai – Hanoi – Haiphong railway section to be built in 2027
The Lao Cai - Hanoi - Hai Phong railway will begin at the junction with the Chinese railway in Lao Cai City, Lao Cai Province, and end at Lach Huyen Port in Haiphong.
11:45, 2024/11/18
Vietnam, Brazil elevate ties to Strategic Partnership
Vietnam urges Brazil to recognize Vietnam's market economy status soon and start negotiations on a Free Trade Agreement with the Southern Common Market (MERCOSUR) by 2025.
16:52, 2024/11/16
Hanoi boosts collective economy
The plan emphasizes the need for greater participation by the Vietnam Fatherland Front and other political and social organizations in promoting the collective economy.
10:49, 2024/11/16
US reiterates Vietnam is not manipulating currency
The US Treasury Department’s positive evaluation underscores Vietnam’s progress in balancing its economic and monetary policies while fostering strong bilateral relations with the US.