JavaScript is off. Please enable to view full site.

​Vietnam’s seafood exports forecast to hit record high in 2017

​Vietnam’s seafood exports forecast to hit record high in 2017

Friday, December 01, 2017, 16:08 GMT+7

Vietnam’s seafood exports are forecast to reach a record US$8.4 billion in 2017, the Vietnam Association of Seafood Exporters and Producers (VASEP) said Thursday.

The number is a nearly $1.4 billion increase from 2016 figures, and $1 billion more than VASEP year-start forecasts, the association’s representative told a conference .

According to VASEP, as of November 15 Vietnam had exported $7.25 billion worth of seafood to foreign markets, a 17.8 percent increase year-on-year.

Apart from exports to the U.S., which suffered a 2.4 percent decline from 2016 to 2017, all other export markets of Vietnam’s seafood saw impressive growths over the past year.

Exports to China, including Hong Kong, grew by 52.8 percent to reach $1.1 billion so far in 2017, while exports to the European Union and Japan increased by 21.6 percent and 20 percent, respectively, over the same period.

The latter markets reported export values of $1.28 billion and $1.12 billion, respectively.

According to Nguyen Thi Thu Sac, chairwoman of VASEP’s seafood committee, Vietnam’s growing imports of raw seafood for processing and re-export has helped relieved pressure on the country’s fishery industry as the sole source of the resource.

In 2016, Vietnam’s exports of processed seafood from imported raw materials were valued at $1.7 billion, accounting for around 23.5 percent of all seafood exports that year.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

TUOI TRE NEWS

More

Read more

Have you ever tasted Vietnamese coconut nectar?

Once used as a kind of natural sugar by the ethnic community of Khmer in the Mekong Delta province of Tra Vinh, coconut nectar did not become a commodity because of limited demand

1 day ago
;

Photos

VIDEOS

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news