Aquatic product exports expected to recover from late Q3
The Ministry of Agriculture and Rural Development (MARD) forecast that aquatic product exports will bounce back at the end of the third quarter and reach the yearly revenue target of 10 billion USD.
Aquatic product exports are expected to bounce back at the end of the third quarter. (Photo: VNA)
Hanoi (VNA) – The Ministry of Agricultureand Rural Development (MARD) forecast that aquatic product exports will bounceback at the end of the third quarter and reach the yearly revenue target of 10billion USD.
It reported that in the first six months of thisyear, the export value of aquatic products hit nearly 4.2 billion USD, downover 27% year-on-year.
To achieve the yearly target, many businesses have diversifiedproducts, focused on intensive processing, and invested in value chains.
Meanwhile, the MARD and localities will furtherprovide fishermen with market information and guide them to implement solutionsto deal with the European Commission (EC)’s “yellow card” warning againstVietnamese seafood, and step up inspections and handling of cases of illegal,unreported and unregulated (IUU) fishing, towards a sustainable fishery sector.
Competent agencies will also work to removeobstacles relating to the Chinese and US markets, diversify export markets, andcoordinate with banks to support businesses./.
The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
Despite a downward trend in aquatic product exports in the first half of 2023, the lower pace of month-on-month decline is giving hopes for a recovery in the remaining months of this year.
Despite a downward trend in aquatic product exports in the first half of 2023, the lower pace of month-on-month decline is giving hopes for a recovery in the remaining months of this year.
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Aquatic product exports are expected to bounce back at the end of the third quarter. (Photo: VNA) 
