Shrimp exports provided the biggest contribution to the country's total aquatic product export value in 2017 (Photo: VNA)
Hanoi (VNA) – Vietnam earned some 2.4 billion USD from exportingaquatic products in the first four months of 2018, representing a year-on-yearrise of 13 percent.
𝔉 According to the Ministry of Agriculture andRural Development (MARD), in April alone, the country raked in 650 million USDfrom the export of aquatic products.
The US, Japan, China and the Republic of Korea were the biggestimporters in January-March, making up 52 percent of the Southeast Asiancountry’s total aquatic product exports. The highest growth was reported in the Netherlands (55.7 percent),China (44.6 percent) and the UK (33.8 percent). In the four-month period, Vietnam imported 536 million USD worth of aquaticproducts, up 27.4 percent against the same period last year. Of the figure, 130million worth of aquatic products were imported in April. Vietnam gained its highest ever aquatic product export value of 8.32billion USD in 2017, a year-on-year increase of 18 percent, according to the MARD. The Vietnam Association of Seafood Exporters and Producers (VASEP) saidshrimp exports provided the biggest contribution to the total export value,with a growth rate of 21 percent to 3.8 billion USD in 2017. Aquatic product exports in 2018 are expected to exceed 8.5 billion USD,up about 3 percent compared to 2017, though Vietnam's exports to the US and EUmarkets will continue to be affected by catfish inspection, anti-dumping andillegal, unreported and unregulated fishing (IUU), according to theVASEP.-VNA
The export value of agro-forestry-aquatic products reached 20.45 billion USD in the first seven months of this year, up 14.7 percent against the same period last year, reported to the Ministry of Agriculture and Rural Development.
Aquatic product exporters should devise proper strategies to make inroads into to China – a potential but choosy market, experts said at a workshop held in Ho Chi Minh City on August 30.
Aquatic exports in September 2017 are estimated to reach 696 million USD, pushing total exports of the products in the first nine months of this year to 5.91 billion USD, up 18.1 percent from the same period last year.
More Vietnamese businesses may soon be allowed to export aquatic products to Russia this year after a Russian working group made a fact-finding tour of some Vietnamese exporters, said Trade Counsellor of Vietnam in Russia Duong Hoang Minh.
Vietnam posted growth in both aquatic catch and aquaculture output in the first quarter of 2018, partly thanks to good weather, according to the Ministry of Agriculture and Rural Development (MARD).
It is necessary to develop the fisheries sector based on three pillars of chain exploitation, processing aligned with the market and using science and technology to develop aquaculture, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
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The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Shrimp exports provided the biggest contribution to the country's total aquatic product export value in 2017 (Photo: VNA) 
