Vietnam’s aquatic exports are expected to exceed the annual target of 10 billion USD on the back of strong demand from major markets, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Vietnam is on track to see a trade surplus of 10 billion USD this year despite enduring global market uncertainties and fluctuations, Minister of Industry and Trade Nguyen Hong Dien reported at the ongoing fourth session of the 15th National Assembly last weekend.

Trade revenue between Vietnam and the UK is expected to reach 10 billion USD in the next one or two years thanks to strong support from the Vietnam-UK Free Trade Agreement (UKVFTA).

The fisheries sector is aiming at 10 billion USD in the export of aquatic products in 2019, a year-on-year rise of 11 percent, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development.

Vietnamese seafood companies need to work harder to realise the export target of 10 billion USD set by the Ministry of Agriculture and Rural Development (MARD) when oversea shipments in during January-July were estimated at only 4.66 billion USD.

Laos and Thailand agreed to draft a plan to double the value of bilateral trade and investment to 10 billion USD by 2021.