Aquatic product exports fetch 5.5 billion USD in 8 months
Export revenue of aquatic products in August hit 739 million USD, pushing total earnings in the first eight months of 2018 to 5.5 billion USD, up 5.3 percent year on year, reported the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA) – Export revenue ofaquatic products in August hit 739 million USD, pushing total earnings in thefirst eight months of 2018 to 5.5 billion USD, up 5.3 percent year on year,reported the Ministry of Agriculture and Rural Development (MARD).
Leading markets of Vietnam’s aquatic products inthe reviewed period were the US, Japan, China and the Republic of Korea, makingup 53 percent of the country’s total export volume.
Strong growth was also seen in other markets,including the Netherlands with 40.7 percent, Hong Kong (China) with 23.3percent, and Germany with 19.2 percent.
In August, Vietnam imported 128 million USDworth of aquatic products, bringing total imports of the productd in the eightmonths to 1.14 billion USD, up 24.1 percent year on year.
According to the MARD’s Department of Agro-productProcessing and Market Development, Vietnam has opportunities to boost aquaticproduct exports as global shrimp price falls, hurting shrimp farming in Indiaand Thailand. Specifically, India’s shrimp output may fall 20 percent in 2018,while shrimp production of Thailand, affected by recent shrimp epidemic, isjust about 300,000 tonnes this year.
Meanwhile, shrimp demand at the end of the yearis predicted to surge. Many Vietnamese exporters have received big orders forfestive events later this year.
At the same time, tra fish export revenue isexpected to rise, especially in the Chinese market.
However, false information on Vietnamese trafish has been spread in Romania, which may affect sales in the country andother markets. The department has worked with the Vietnamese Trade Councellorin Romania to tackle the issue.
In the domestic market, the price of materialtra fish in the Mekong Delta region in August was stable at 26,000-27,000 VNDper kilo after falling from May. However, due to a shortage in supply, theprices of fries still increased.
The material shrimp price in the Mekong Delta wasalso kept stable, despite a slight rise in the price of white-leg shrimp.-VNA
The export of aquatic products in March was estimated at 608 million USD, bringing the total shipment in the first three months to 1.7 billion USD, up 11.5 percent annually
Total fishing output in the first five months of the year increased 2.4 percent year-on-year to 1.3 million tonnes due to favourable weather conditions, according to the Ministry of Agriculture and Rural Development (MARD).
China is projected to become Vietnam’s leading seafood importer from this year’s second quarter with growth of 37 percent, said Deputy Minister of Agriculture and Rural Development Tran Thanh Nam.
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.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Source: VNA) 
